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The main economic challenges that will define the Mitsotakis reign
Agorarecently seen its bond yields drop, with the 10-year falling below 2 percent. To top it all, debt... than the predicted 2 percent or below. Fiscal Mitsotakis has presented a very ambitious programme...-election pledges. Mitsotakis is banking on higher growth to boost budget revenues and hopes that through
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Greece takes stock of measures to mitigate Covid-19 impact after Eurogroup reaches deal on latest batch
Economycould fetch up to 2 billion euros. The Finance Ministry is in a tight spot as the budget is already... can draw an amount equivalent to as much as 2 pct of their GDP from the European Stability Mechanism... of a temporary instrument, known as SURE, by the European Commission to provide loans totalling up to 100
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Newsletter 332 - 18/03/2022
increasing by 50 pct, natural gas prices higher by 100 dollars and a 2 percentage points rise... alarmed that unleaded fuel prices have risen above 2 euros/litre and heating oil has climbed to 1.6... Budget Office (PBO) analysed the impact of the inflation pressures and the conflict in Ukraine
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Greek government commits to new fiscal measures for third bailout
EconomyMacroeconomybudget for 2015 and, if necessary, a draft budget for 2016 and a medium-term fiscal strategy for 2016-19. Among others, the latter will include: 1) The second phase of pension reforms 2) Reform... expenditure by 100 million in 2015 and to 2.2 percent of GDP in 2016, including a reduction
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Updated ELSTAT figures point to minor differences on fiscal data, slight rise in debt ratio
EconomyMacroeconomy, which was upward adjusted by 100 million. Despite the downward revision of 2014 GDP by 1.5 billion... and deficit at 3.6 percent of GDP. The actual figure for 2014 primary surplus stands below the 2015 budget... percent in April fully attributed to the GDP revision. Higher debt ratios by 2 to 2.5 percentage
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Newsletter 203 -15/04/2019
part of its bailout programme. 2 Primary surplus at 1.46 bln in Mar Budget balance for first three months records a deficit of 750 million The budget primary balance recorded a surplus of 1.46..., the Finance Ministry (MoF) preliminary budget execution bulletin showed. The primary surplus
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Newsletter 294 - 23/04/2021
cuts. The tax advance for the self-employed is being reduced permanently to 55 pct, from 100 pct.... Reducing the tax advance and tax rates will cost the budget 900 million this year and will drop... data.” Public debt rises to 205.6 pct of GDP in 2020 Budget deficit of 9.7 pct of GDP is third
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Parliament's budget office warns government to move quickly
EconomyMacroeconomyIn its latest quarterly report published on Friday, the Parliamentary Budget Office (PBO) urged... reached an agreement with lenders. The budget office notes that if an agreement is not reached... outlined a set of objectives for the upcoming negotiations: 1) Greece to remain in the eurozone 2
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Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts
EconomyMacroeconomyThe government submitted to the European Commission on Tuesday the draft 2020 budget after... as the January-September budget execution figures showed that there was a strong fiscal outperformance... sees the Greek economy growing by 2 percent this year and 2.2 percent in 2020. In the previous WEO
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Greece braces for deeper Covid-19 impact on economy, budget and public debt
Economya heavy toll on the economy and the budget, with implications for the country’s public debt. Earlier... by closures. These had a monthly cost of roughly 2 billion euros. The suspension and subsidy of social... of the Finance Ministry budget by 5 billion euros. It is near certain that these support measures will need
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