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ND moves on to next bill after first round of tax cuts approved
PoliticsGreek Politicsto the ENFIA property tax was geared too much towards owners of large properties. Former Finance Minister.... In his speech, current Finance Minister Christos Staikouras emphasised that the reductions “are much
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Newsletter 217 -02/08/2019
much towards owners of large properties. Former Finance Minister Euclid Tsakalotos said... speech, current Finance Minister Christos Staikouras emphasised that the reductions “are much bigger
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Athens hopes lower bond yields strengthen case for reducing fiscal targets
EconomyProgrammein September. After Finance Minister Christos Staikouras confirmed in an interview with Kathimerini... breathing space from 2021, Athens hopes. In Sunday’s interview, the new finance minister attempted to manage
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Budget primary surplus reaches 1.78 bln in July, almost double target
EconomyMacroeconomythe Finance Ministry (MoF) showed on Friday. The primary surplus is comfortably outperforming... euros, beating the target by 2.4 billion. The Finance Ministry notes that this substantial
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Athens boosted by Lagarde's comments on primary surplus, but no move due for now
PoliticsGreek Politicscannot be included in the budget and should be set aside for debt servicing. It was left to Finance.... Wednesday’s developments elicited a response from former finance minister Euclid Tsakalotos, who accused
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Athens preparing to present budget plans to lenders after tax cut pledges
EconomyProgrammeFinance Minister Christos Staikouras is preparing to provide his eurozone counterparts with more details on Friday about the government’s fiscal plans, as set out by Prime Minister Kyriakos.... The Finance Ministry has been working on the draft 2020 budget, which it has to submit to the European
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ND aims to show progress at Eurogroup but QE unattainable for now
EconomyProgrammeFinance Minister Christos Staikouras was due on Friday to take up the government’s drive to convince Greece’s eurozone partners that the country is on the right track following this summer’s... Eurogroup meeting, the Greek finance minister is also expected to officially request permission
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Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBankingof non-performing loans. According to a report in Kathimerini newspaper on Thursday, Deputy Finance... that the valuations of these loans would approach market prices. The SPV would finance the transfer
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Fiscal issues dominate talks as fourth post-programme review ensues
EconomyProgrammeon the fiscal front from the finance ministry. However, next year’s budget and to what extent... areas that require the sign off from the country’s lenders. The finance ministry has estimated
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Second day of review yields progress, work needed on fiscal front
EconomyProgrammeto a finance ministry official, the discussions on next year’s budget are based on three scenarios... measures or spending cuts. It is suggested by the finance ministry that structural measures
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