Search
-
EC spring forecast sees growth of 2.2 pct in 2019, 2020 but warns of hampered public investments
EconomyMacroeconomythat it is now expecting the country to grow by 2.2 percent this year compared to an estimation of 2... highlights is due in part to heavy underspending of the public investment budget. Overall, gross fixed... under spending of the public investment budget. The Commission noted that the general government
8% -
Parties' competing tax pledges come up against challenging reality
EconomyFeaturesto rely on funding from elsewhere in the budget rather than redistributing the tax burden. SYRIZA... growth with business-friendly policies, but also plans to raise 2 billion euros from cost-cutting.... With questions already being asked about the capacity of the budget to fund the 3 billion euros’ worth
8% -
Mitsotakis vows to push on with tax cuts despite fiscal concerns
PoliticsGreek Politicsto give the new government the space it needs to implement its programme. “The 2020 budget… will contain... that this would allow Greece to pay off its debt quicker. “You have different revenues if you grow with 2... the 2020 budget has to be sent to the European Commission and New Democracy will set out its four
8% -
Tracing the decline of the middle class as parties vie for its votes
EconomyFeaturespercent annually compared to under 2 percent in Italy Ireland). And whereas in Ireland the loss... Parliament’s budget committee in 2017 that burdening the middle classes, the self-employed, honest... to repay middle earners for propping up the budget in past years. However, data-based arguments
8% -
PPC, Hellenikon present government with first test of problem solving mettle
Economythe state budget, it would further complicate the government’s already difficult budget negotiations... 2 percent — will chalk up an early win for the government and allow it to boast that it’s already
8% -
From a tsunami of debt to some sense of normality
AgoraGreece’s debt managers outlined in the budget process that started last October their main goals... between the European Union and Italy over the latter’s budget, led to Greek yields rising after the new... repayments of roughly 2 billion over the next three years. Greek government bonds after the PSI
8% -
Athens boosted by Lagarde's comments on primary surplus, but no move due for now
PoliticsGreek Politicsbe “reviewed carefully” and reminded MEPs that the IMF feels the primary surplus should be between 1.5 and 2... to receive annually to be recorded as revenues in the budget, thereby indirectly providing... cannot be included in the budget and should be set aside for debt servicing. It was left to Finance
8% -
Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
EconomyProgrammeand SMP profits to be recorded as revenues in the budget, allowing Athens to create more fiscal space... of using the SMP and ANFA profits to replace budget financing appears to have met with the opposition... onwards. It is due to drop to just over 2 percent of GDP from 2023 but New Democracy is hopeful it can
8% -
Mitsotakis pledges more tax cuts in 2020 amid police violence claims
PoliticsGreek PoliticsWednesday night’s vote on the 2020 budget, which saw the economic plan approved by just the 158 New... suggested that it could be between 1.5 and 2 bln euros. “The new early repayment should be up... leader Alexis Tsipras raised the issue during the parliamentary debate on the 2020 budget on Wednesday
8% -
PBO sees encouraging signs for economic and fiscal outlook
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) struck a rather positive note in its latest quarterly report... that based on the available data for the first nine months of 2019, the economy grew by more than 2 percent... “particularly encouraging,” reflecting the fiscal robustness of the Greek economy with the budget hitting
8%