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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
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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
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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
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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
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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
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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
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General govt primary cash surplus at 899 mln in January, arrears rise by 38 mln
EconomyMacroeconomy. The equivalent figure for the same time last year was 182 million. A smaller fall of 2 million euros..., the state budget primary balance showed a fall of 486 million euros, landing at 494 million euros... million) and state budget (-5 million). Tax refunds account for the lion’s share of arrears at 30.1
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Amid Eurogroup stalemate, Athens focusses on extra liquidity available after ECB move
Economyto borrow up to 2 percent of their GDP from the fund. In Greece’s case, this translates into 4 billion... and revenue impact on the Greek budget from the coronavirus. There is also the question of whether... of this budget has to come with some form of conditions. — Wopke Hoekstra (@WBHoekstra) April 8, 2020
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Greece heads back to markets with 7-year bond in bid to boost own funds
Economyfor a 7-year issue hoping to attract around 2 billion euros. The debt strategy for this year... is to secure the necessary resources to plug the budget gaps being formed by the extensive set... intakes. Greece hopes to base its budget-funding strategy on three pillars. The first is to evaluate
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IMF sees big dip of 9.5 pct for GDP in 2020 before mild recovery of 4.1 pct next year
EconomyMacroeconomyof the year. This is its base case scenario, which is also reflected in the draft budget for next... Budget Office, see the disappointing tourism season being a major drag that could push third quarter GDP..., and aim towards a 2 pct of GDP primary deficit, instead of a balanced like the authorities aim.
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