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Newsletter 131 - 8/9/2017
the eurozone, including the creation of a European Monetary Fund and a sizeable budget for the member... budget fell by 217 million to stand at 1.68 billion. The breakdown of the figures showed that revenues
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Third review agenda becoming more complex for Tsipras
PoliticsGreek Politicsincreases. However, the poor performance of budget revenues may lead to the lenders asking... in the 2017 budget. This means that fiscal matters are likely to play a much more significant role
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Third review seen taking longer than Athens had hoped
PoliticsGreek Politicsand its lenders see next year’s budget progressing, the discussions will become more complicated. The budget is likely to be drafted after the arrival of the mission chiefs in Athens in the second half
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Primary cash surplus falls to 276 mln surplus at end of August amid revenue decline
EconomyMacroeconomyeuros. After recording a surplus in the previous month, the Public Investment Budget (PIB) came... noted, the preliminary budget execution figures released by the Finance Ministry (MoF) for August showed
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Onus on Athens to speed up review after German election result
PoliticsGreek PoliticsMacron for a beefed up eurozone budget to help cushion the impact of crises and boost investment..., it is not right,” Sven-Christian Kindler, budget policy spokesperson for the Green Party, said at the time
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An unsettling role-reversal for Greece and Germany
Agorathe eurozone, with the idea of an ample budget, funded by a common tax, to boost investment and cushion...,” Sven-Christian Kindler, budget policy spokesperson for the Green Party, said at the time
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General govt primary cash surplus at 4.51 bln in eight-month, arrears increase to 6.03 bln
EconomyMacroeconomyat a surplus of 373 million euros. The primary surplus of the state budget increased by 924 million... was noted in tax refunds (+593 million). Smaller increases were registered in state budget arrears (+19
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Coalition banks on surplus transfers, waits for Hellenikon verdict
PoliticsGreek PoliticsThe government is hoping that the distribution of an ample excess primary surplus from this year’s fiscal overperformance will help it win the public relations battle over the draft 2018 budget... of next year. The draft budget also foresees 2.4 percent growth next year, driven to a large extent
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Athens rushing to reduce arrears and secure 800 mln in bailout funds
EconomyMacroeconomyto the private sector has jumped from 5.1 billion in June to 6.03 billion in August. In the draft budget... disbursement from the ESM. In the draft budget, the Finance Ministry outlines that so far this year
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Wolfgang at the door
Agora, there are already concerns that Macron’s ideas, such as for an enhanced eurozone budget to boost..., Schaeuble’s parting gift to the eurozone appears to be the proposal that a common budget in the form
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