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Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
EconomyMacroeconomyincludes the payment of 630 million for one-off support to low-income pensioners. In addition, 2016... overperformance by 2.41 billion, including the one-off payment of 630 million (0.36 percent of GDP... to the 2017 budget, gg primary surplus (excluding the one-off payment of 0.36 percent of GDP) was expected
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The place where sanity goes to die
Agorafor which Greece would have to maintain a primary surplus of 3.5 percent of GDP. Brushing off the Greek... the other way and sign off on what was presented as progress in the Greek programme. Now the IMF has... deliberately put off for a long time. In mid-October, when this review began, Athens came to the table
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Don't celebrate a French reconnection for EU just yet
Agoratook the unusual step of congratulating Macron despite there being a run-off against Le Pen yet to come... of Europe’s tendency to laud the eye-catching victories but brush off the smaller defeats even though... by centre-right New Democracy beat off the anti-austerity insurgency from SYRIZA. It ignored
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Greece as an energy hub: Reality or wishful thinking?
EconomyFeaturesin the exploration of two sites off the shores of Crete has already been received from a consortium of Exxon Mobil... the operator of the Ioannina block. If these deals are pulled off, they would represent a major investment... the Tanin and Karish gas fields off the coast of Israel. Production is expected to begin in 2020
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European Commission's DSA reveals serious concerns over debt sustainability, need for relief
EconomyProgrammewith the latest EC economic forecasts (2.1 percent in 2017 and 2.5 percent in 2018) levelling off... points (pp) after 2022 and leveling off at 2.2 percent as of 2025. In its most recent DSA, the IMF... growth of 3 percent between 2019 and 2060. Moreover, the primary surplus is seen leveling off at 2
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Budget primary surplus of 4.54 bln in 9-month below target despite underspend
EconomyMacroeconomyat 29.71 billion euros, 1.62 billion euros off target. Net revenues came to 34.76 billion euros.... Specifically, income tax revenues were off target by 807 million, while property tax missed.... PIB PIB revenue stood at 81 million euros in September, 118 million euros off their monthly target
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Effort to end notaries' strike amid concern for auctions, NPLs
EconomyProgrammeto their associations calling off their boycott. Their key demands relate around the protection... towards the state, banks and social security funds cannot exceed 120. Other creditors must be paid off... off repossessions and other legal consequences.
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Will centre-left let go of past to grasp change?
Agoraelection in 1981. The fiscal timebomb, though, went off on its watch. And in the June 2012 national... of their frustration with their former party would ware off. This is, in part, why Tsipras has adopted a more... vying to be in the second, run-off vote on Sunday, November 19. Some of the candidates have certain
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Coalition approves multi-bill in Parliament, Tsipras picks up extra MP
PoliticsGreek Politicschildren would be worse off as a result of the changes the government is making to the system. However... in the 300-seat Parliament but will help fight off doubts regarding the government’s cohesion. The opposition.... If the third review is rounded off, Athens can turn its attention to the next bond issue, the bank stress
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European Commission keeps DSA broadly same, stresses need for relief
EconomyProgrammein 2017, with the long-term growth seen levelling off at 1.5 percent after 2022 due to the output gap... more conservative exercise, long-term nominal GDP growth is seen levelling off at 2.7 from 2023 to 2060... of what Greece could expect from the debt relief discussions that are about to kick off imminently
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