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PM paves way to elections with three-year growth plan as ballot speculation simmers
PoliticsGreek Politics, option, floated mainly in economic policy circles, would delay the vote to June 2027, just before Greece... funding cycle. Moreover, officials have stressed upfront the challenges of delivery. Giorgos
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Wage ruling gives gov't immediate fiscal headache, political one may come later
PoliticsGreek Politicson wage maturities If this proves to be correct, the government faces a challenge in finding... program review being carried out by the troika. It has struggled to reach this amount so finding... the impact that wage cuts would have on the party’s popularity. However, finding new savings could
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomythat was not collected 2) Extension of submission of personal income tax (PIT) declarations that led to a delay... accordingly to delay on instalment payments, which were targeted at 300 million Overall, the year... target. This is mainly the result of the government’s decision to delay payments of non-payroll
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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomyto a delay in the first instalment payment targeted above 800 million. 3) Non-assessment (and consequently... to a delay in the respective payment. The primary surplus over-performance by 724 million euros... better than target. This primarily reflects the government’s decision to delay payments of non-payroll
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Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target
Economy, particularly until July, mostly reflected the government’s decision to delay or postpone non-payroll...) Agricultural subsidies (at 45.8 percent of the FY target of 591 million). A potential delay of the disbursement of the next two sub-tranches of 2 and 1 billion respectively may result in a further delay
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Tsipras and the IMF: Another miscalculation?
AgoraMonetary Fund managing director Christine Lagarde he suggests that the IMF is threatening to delay... need debt relief. This was a call looking for ways to accelerate the process, not delay..., places blame for the delay on the eurozone's side and even goes as far as showing sympathy
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The joke's on Greece
Agora, had contributed to the review’s delay and he proceeded to list a number of areas in which he felt... not have the will to explain that the review’s delay is not solely, even not primarily, its fault because... for the latest delay may lie beyond Athens. The reaction of the New Democracy MP, meanwhile, also
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Newsletter 115 - 21/04/2017
the delay in concluding the second programme review. For 2018, the IMF expects GDP growth to accelerate... rebound 2.9 percent in March Delay in the payment of 1.23 billion related to the regional airports... million in Q1, largely due to lower privatisation revenues attributed to the delay in the payment of 1.23
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Athens puts off bond sale, has fiscal concerns to address
EconomyProgrammeMinistry and the Public Debt Management Agency (PDMA) decided to delay the issue due to fears... prices. It is expected that the delay will only be for a few days, until there is greater certainty... speculation that the delay may also have a knock-on effect on the plans for future bond issues after
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Doubts about whether package deal with lenders is feasible by June
EconomyProgrammeThe completion of the fourth review and the possibility that a delay in ticking off the 88 prior... the potential delay down to the fact that the Greek government is behind schedule in completing... there be a delay in numerous key deliverables, the institutions will either have to consider
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