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Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
EconomyGreece’s Finance Ministry tabled to Parliament the draft budget for next year in which Greek... Programme to 2.8 percent. At the same time, the estimate for this year’s growth is revised down to 2... in the previous baseline scenario. Price growth is expected to broadly stabilise at this year’s levels
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Mitsotakis shifts focus to tax plan, investment, law and order
PoliticsGreek Politicswith New Democracy MPs on Saturday to assess the government’s performance. Regarding migration, he..., is creating closed centres and will step up control of Greece’s borders by hiring 400 more guards... wealth individuals to declare their income in Greece. According to calculations in Sunday’s To Vima
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Despite differing views IMF and EC see no immediate debt sustainability concerns
EconomyProgrammeGreece’s debt sustainability was assessed again by the two main institutions tasked with the analysis of the viability of the country’s debt, the IMF as part of the Article IV consultation process... on Wednesday. The IMF used to be the gatekeeper and the ultimate authority in assessing Greece’s debt during
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Excluded from Libya talks, Athens vows to block decisions that ignore sea border concerns
PoliticsForeign Policyat bringing an end to the longstanding conflict in Libya. Following Moscow’s recent unsuccessful efforts... Mitsotakis on Friday just hours after his talks with Germany’s Foreign Minister Haiko Maas in Benghazi. Maas confirmed the Libyan Commander’s participation in Sunday’s meeting in Berlin. Late this week
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PM brings law and order back onto agenda as foreign policy issues dominate
PoliticsGreek Politicsand order agenda. Since Prime Minister Kyriakos Mitsotakis’s recent trip to the USA and the subsequent furor over Greece’s exclusion from the Berlin Conference on Libya, much of the political debate and media coverage has been dominated about the relationship between Athens and Washington, Turkey’s role
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Tensions within SYRIZA en route to membership ballot, party conference
PoliticsGreek Politicssidelined from regional events. In a move clearly intended to quell speculation, Wednesday’s... the party’s core identity. While a multitude of views was once not only tolerated but encouraged as a campaigning strategy, critics within the party now argue that Tsipras’s circle is seeking
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Newsletter 241 - 28/02/2020
in their criticism The government’s strategy of dealing with islanders protesting against closed centres..., at least one the government’s arguments hit wide of the mark. Government spokesman Stelios Petsas... that the Greek Finance Ministry is starting to manage expectations on some of the government’s pledges
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GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP fell by 0.7 percent quarter-on-quarter (QoQ) in the fourth... just short of the Ministry of Finance’s (MoF) final budget estimate of a 2 percent rise for 2019..., slightly under the MoF’s final budget forecast of 4.9 percent. Imports of goods and services rose by 2.5
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Newsletter 244 -20/03/2020
that the move to make even more assistance available was made possible by the Eurogroup’s decision on Monday to drop any fiscal restrictions for member states, including Greece’s post-programme target of a 3.5... that the outbreak will heavily impact the economy’s nascent growth. gives the ECB the ability
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Newsletter 255 -26/06/2020
this does not change the minister’s expectation for the full-year shrinkage, which he still sees at 8... advances was due to be completed on July 11. It seems that the grimmer scenario for Greece’s economy... of leveraged loans via the Hellenic Development Bank’s Guarantee Fund. According to a report in Sunday’s
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