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ND feeling fiscal pressure as row over media handouts rumbles on
PoliticsGreek Politics, the government is looking for 2 billion euros fiscal space so it can get back on track... these interventions. It will have to agree a primary surplus target of less than 2 pct of GDP next year. Kathimerini suggested that the draft budget being put together for 2021 could aim for a primary
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Newsletter 257 -07/07/2020
impact of 2 billion, taking the total to date to 14-15 billion euros, which rises to The EC’s forecast... prefers to load the measures on this year’s budget as the fiscal restrictions have been removed... but only 0.1 percent of total debtors. 2 Employment balance positive by 37,568 in June Unexpected
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The EU decision excluding nuclear and fossil fuels from the Just Transition Fund
Legalof €30 billion from an EU coronavirus recovery fund and €10 billion euros from the Commission’s budget... the Union’s 2030 target for climate set out in Article 2(11) of Regulation (EU) 2018/1999... in difficulty, as defined in Article 2(18) of Commission Regulation (EU) No 651/20145, unless
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Newsletter 270 -23/10/2020
and the first half of the year is already shy of 8 pct. Although in the draft budget the Finance... another 2 billion euros, with a re-offer yield of 1.15 pct, implying a price of 109.46. The book... funds had 9 pct of the allocation. 2 Current account surplus of 79.7 mln in August Monthly balance
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Mitsotakis targets inflation on path to elections in 2023
PoliticsGreek Politicsto move ahead quickly with the minimum wage increase, after the first instalment of 2 pct on Jan 1... popularity than the pandemic. The 2 pct increase at the beginning of the year took the gross monthly... a hole in the budget. Mitsotakis did add, though, that his government is not done as far as tax
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Recovery loses steam in Q4 with 0.4 pct QoQ growth as rise for 2021 hits 8.3 pct
EconomyMacroeconomy) in the last quarter (Q4) of 2021, from a downwards revised 2 percent in the third quarter (Q3... consumption rose by 2 percent, investments grew by 17.7 percent pct QoQ and exports also increased... to the MoF’s latest official estimates included in the final 2022 budget, the economy is seen
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Mitsotakis pledges more help to tackle inflation, calls for EU price cap on natural gas
PoliticsGreek Politicsrisen above 2 euros per litre and household electricity bills were up by an average of 27 pct... more comprehensive package to address the public’s concerns, despite having allocated around 2... and defence, which would free up some room in the budget for more relief measures. Kathimerini reported
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Greece's fiscal path becoming clearer; sizeable adjustment lies ahead
EconomyMacroeconomycurrent commitment is for a primary surplus of roughly 2 pct of GDP. Despite the fiscal laxity since... as Greece is scheduled to have a primary deficit of close to 2 pct of GDP this year, as the Ukraine conflict and the energy crisis require budget outlays to cushion the blow. Turning this deficit
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Government claims tourism season a major success, opposition begs to differ
PoliticsGreek Politicsis preparing around 2 billion euros in interventions this autumn. This includes electricity and fuel... and backpay for pensioners. This will require a supplementary budget to be submitted after the summer, but it appears that this will not involve the government shifting its 2 pct of GDP primary deficit
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OECD sees recovery slowing, urges fiscal discipline
EconomyMacroeconomyin their budget forecasts and Mitsotakis reiterated in his meeting with the OECD head that he expects the economy to outdo EU peers in 2023 as well, with growth closer to 2 pct. The authorities see 1.8 pct... capital. The OECD also urges the Greek authorities to return to the primary surplus goal of 1.5 pct to 2
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