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Enhanced surveillance concludes, but more reforms and tougher fiscal targets lie ahead
EconomyProgrammethat a significant fiscal effort is needed to move from a primary deficit in the region of 2 pct
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Newsletter 340 - 03/06/2022
and in the sensitivity analysis the scenario of higher inflation by 2 percentage points in the current year
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Remaining fiscal space could be squeezed for more cost-of-living measures as tension grows
PoliticsGreek Politicsofficials have been very open about their concerns regarding hitting this year’s public deficit goal of 2
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Broad impact of inflation crisis becoming clearer
Agorathe scenario of higher inflation by 2 percentage points in the current year, consumption is seen lower by 1
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Tsipras talks up prospects of snap elections
PoliticsGreek Politicspackage wherever and whenever possible, without putting at risk the fiscal target of a 2 pct of GDP
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Rising bond yields a concern, but not an immediate fiscal problem
Economycrisis. The other major creditor coming due this year is the installment of just under 2 billion euros
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Budget primary balance to May beats target by wide margin, taxes continue to outperform
EconomyMacroeconomy, higher than the target by 780 million euros. Overall, the PIB balance landed at a deficit of roughly 2
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Newsletter 342 - 17/06/2022
surpluses of more than 2 pct of GDP from next year and for a period of four decades, although
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PM eyes pre-election prize as enhanced surveillance draws to conclusion
PoliticsGreek Politicssaid he expects elections to be held on September 25 or October 2. If either of these scenarios
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Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
EconomyMacroeconomylanded at a deficit of roughly 2 billion euros. Up to May, RRF intakes were 1.72 billion euros and have
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