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Govt pleads with firms to absorb inflation as surveillance claims prompt calls for accountability
PoliticsGreek Politicsin passing on rising prices to consumers, as the latest budget figures show the gains from economic... relief and emergency subsidies on energy bills have created a 7.2-billion-euro budget deficit... largely intact as the opposition party slid from 22 pct to 21.5 pct. Third party KINAL gained 2 pct
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Imminent end for enhanced surveillance offers boost to beleaguered govt
PoliticsGreek Politicsto another deficit budget, but under the condition that in the Medium-Term Fiscal Strategy (MTFS) Greece... pct from 2023. The primary deficit for this year is seen at 2 pct of GDP, with the prospect of rising..., or 2-2.5 pct of GDP. Public debt is seen in the region of 150 pct by 2026. Away from the budget
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Changes to energy subsidies aimed at winning over middle class
PoliticsGreek Politicswill come from the state budget. Another 45 million euros from the national budget will go towards... of the year, will cost 2 billion euros, of which 800 million will come from public coffers and the rest
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Unveiling of relief package imminent as electoral law speculation is revived
PoliticsGreek Politicsbudget deficit to 2 pct of GDP this year and turn that into a 1 pct of GDP primary surplus next... significantly, reducing the need for state budget contribution to the levels seen in September, fiscal
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PBO sees medium-term risks mounting, despite positive near-term outlook
EconomyMacroeconomyThe Parliament Budget Office (PBO) released on Thursday its latest report, for the second quarter... HICP in August, help the revenue side of the budget, particularly taxation, leading to a surplus... deficit of 2 pct of GDP, is not at risk. There are risks though in other areas that will affect macro
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Newsletter 353 - 30/09/2022
to go from 12.3 pct to 11.4 pct. Over the past year, Marc’s soundings show ND losing 2 points... representation system.EconomyHousehold budgets continue to feel strain as spending kept lowThe latest budget..., transport is 16 pct up annually. The 2021 budget survey also captures a rise in inequality
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ND sees limited political threats on path to next year's elections
PoliticsGreek Politicsbudget and a sign of how Prime Minister Kyriakos Mitsotakis wants to pull out all the steps to ensure... of the reasons that the draft budget for 2023, which was tabled on Monday, has a lower than expected primary..., is still a serving MEP. Members of the PEGA committee are due to travel to Athens on November 2
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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Economypct. In the draft budget that was submitted a week ago, the Greek authorities see the economy growing by over 2 pct. The difference in macro projections leads also to deviating views on the fiscal... the Greek draft budget forecast for a primary surplus of 0.7 pct of GDP and the commitment to lenders
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EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomyforecast, and pick up pace again in 2024 to 2 pct. The fiscal path is seen on a downward trajectory... is slightly above the 0.7 pct recorded in the draft budget for 2023 of last month. For next year... conditions and a persistent inflation wave in its forecasts. In the draft budget, the Finance Ministry
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Newsletter 362 - 09/12/2022
formation was essentially unchanged with 0.1 pct growth. In the final budget submission for 2023... year. This will be one of the major challenges for the economy and the budget in 2023, as it is seen... in the last quarter of last year, Q4 2022 GDP could record an even deeper contraction of over 2 pct
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