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Draft 2022 budget represents first attempt to restore post-pandemic fiscal order
EconomyMacroeconomyof fiscal order returning based on the draft budget submitted to Parliament on Monday. Using the enhanced... will be trimmed substantially next year to just 2.9 billion euros. The draft budget outlines that revenues... rising by more than 2 billion euros ins 2022 to 14.89 billion. Roughly 700 million euros in personal
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Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Monday the draft budget for 2023, in which Greece... of GDP and the total deficit to 4.51 billion euros, or 2 pct of GDP. Interest payments are seen 1.... The final budget is expected to be tabled in the second half of November.
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PASOK tries to take initiative in budget debate as SYRIZA exodus continues
PoliticsGreek PoliticsThe debate about the 2025 budget is due to begin in Parliament on Wednesday amid an ongoing tug... sector. The socialists have attempted to upstage the government ahead of the budget debate, which... is on 7.9 pct. Zoe Konstantopoulou’s Course of Freedom garners 4.4 pct, Yanis Varoufakis’s MERa25 2
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Greece and the euro: The flight of Icarus
Agorawas more than 100 percent of GDP – the second highest in the EU. This should have been a cause for alarm... that it underestimated by more than 100 percent the recessionary impact that spending cuts – the so... Mechanism (ESM) – a permanent crisis fund – has been given the green light, stricter budget rules
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Newsletter 25 - 08/05/2015
investors, with foreign participation at around 100–150 million. The amount of the foreign take-up... April, a total of 370 million had been transferred by the independent employees’ fund ETAA (100.... According to budget execution data for February and March, the government spent 1.13 billion less
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Newsletter 130 - 04/08/2017
recorded a deficit of 100 million compared to a surplus of 55 million last year The primary surplus of the state budget also declined by 1.32 billion to stand at 896 million. The breakdown revealed... for the payment of overdue SSCs in up to 100 installments. The collection of contributions remained above
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Sales of HELPE, DESFA and shipyard progress while protests hamper ROSCO, PPC
EconomyProgrammeand railroads Positive news also emerged regarding the Elefsina shipyard, the shares of which are currently 100... to obstruct the privatisation of a 100 percent stake in rolling stock firm EESSTY SA (ROSCO) by Italian... is targeting just over 2 billion euros in revenues from privatisations this year. The latest preliminary
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Moments to remember from the euro crisis
Agorainflation below 2 percent) and b) by the economic data made available to the governing council... close to 100 billion euros of Greek debt at the time Athens signed its first bailout... representing more than 100 percent of the GDP of Ireland. I conveyed to Ireland the same message as to all
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Greek banks' equity raising could keep official support to a minimum
Economy. Bondholders have the option to agree to a share exchange at 100 percent of nominal value for the senior... outstanding bank bonds. Of this amount, 533 million relate to senior securities, 267 million to Tier 2 and 78 million to Tier 1 securities. Bondholders are offered the option for a share exchange at 100
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Greek May CPI falls 2 pct in one of biggest drops for more than a year
EconomyMacroeconomyThe Hellenic Statistical Authority (ELSTAT) said on Tuesday that the Consumer Price Index (CPI) fell 2 percent in May, which was a faster pace compared to the preceding months. May's figures mean.... The 2 percent decrease of the CPI in May is largely due to a drop in prices of three sectors
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