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  1. Primary budget surplus in Nov at 1.2bln euros, 2013 target in reach

    Economy

    . The 11-month underperformance reflects lower than targeted revenues by 1.46 billion, more than offsetting lower primary expenditure (744 million) and higher PIB surplus (266 million). With regards

    5%

  2. As EU presidency approaches, poll suggests Greeks are most isolated within Union

    Society

    . In Cyprus, the latter figure is slightly lower at 66 percent. The EU average in terms of pessimism... is slightly lower at 11 percent. For a country which for years ranked very high in terms of people’s

    5%

  3. On Portugal, PSI and a national salvation pact

    Agora

    the debt levels and the lower the debt servicing capacity. Postponing a PSI by a year or two would result in higher haircuts to bondholders but lower debt relief to the country – or a lose/lose situation

    5%

  4. A closer look at Greece's 2013 budget primary surplus of 603 mln

    EconomyMacroeconomy

    was mitigated by lower consumption taxes. Primary expenditure dropped 3.7 percent in December... that lower PIB revenues stem from a delay of EU revenue flows, which are estimated to be realised

    5%

  5. Budget execution shows surplus of 811 mln at start of 2014

    EconomyMacroeconomy

    targets by 144 and 124 million respectively, reflecting a lower Public Investment Budget (PIB) balance and net revenues which more than offset lower expenditure. Revenues excluding tax refunds rose 6.1

    5%

  6. Spain’s economic recovery languishes amid graft scandals

    Agora

    the 0.5 percent rate calculated by the European Commission but lower than the 1 percent estimated.... According to the European Commission’s economic forecasts, Spain’s deficit won’t be lower than 6 percent

    5%

  7. Cooperatives on Cyprus: Why they were treated differently to banks
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    government agencies that would guarantee mortgages of families in order for them to receive a lower... to Fannie and Freddie: it helped the lower middle class receive mortgages at rates that it would

    5%

  8. Greek primary budget surplus doubles to 835 mln in Jan but below target

    Economy

    Budget (PIB) expenditure and tax refunds which more than offset lower expenditure. Revenues excluding..., mainly due to lower consumption taxes (down 8.3 percent), counterbalancing a modest increase in VAT

    5%

  9. Greece agrees with troika, looks to tranche release and redistribution of surplus
    Photo by MacroPolis

    PoliticsGreek Politics

    , is much lower than the target he initially announced. The agreement with the troika was confirmed... the point at which Greece exited the crisis. Another crucial date, now of lower importance following

    5%

  10. EU subsidies help push Q1 primary budget surplus to 1.57 bln, well above target

    Economy

    , the primary balance in March turned negative showing a deficit of 497 million. This is mostly due to lower... by 0.4 percent to 10.69 billion, falling short of the target by 720 million. This also reflects lower

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