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  1. Some progress in first round of talks but most second review issues remain unresolved
    Photo by MacroPolis

    EconomyProgramme

    on fiscal issues mostly focused on this year’s budget execution and the 2017 draft budget in the wake... budget, while the downward revision of the 2015 GDP and fiscal outcome also increased doubts over

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  2. Talks on bailout review head for crucial weekend
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    of the tabling of the 2017 budget on Monday. In the draft budget tabled on October 3, the Finance Ministry... budget will be used for granting pending main pensions, while an additional amount of 905 million

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  3. Second round of review talks concludes without breakthrough on labour reforms
    Photo by MacroPolis

    EconomyProgramme

    dividend. The 2017 budget noted that “due to the fiscal outperformance (with 2016 primary surplus... to distribute only the portion that is considered absolutely safe, taking into account the budget... Budget, as well as potential revisions by Eurostat. After the conclusion of the second round

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  4. Review delay brings Greek liquidity needs back into focus
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    expenditure and increasing repos. According to the 2017 budget, the primary balance is foreseen to remain... as postpone a part of the Public Investment Budget (PIB) expenditure, to avoid having to also finance a budget deficit and improve its liquidity position. At the same time, the government has the option

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  5. General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . This outweighed a deterioration in the state budget balance by 2.6 billion. In addition, the local government... followed by SSCs posting a surplus of 1.54 billion. On the flipside, the state budget balance turned...) followed by hospitals (-481 million) and state budget (-295 million). In contrast, extrabudgetary

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  6. Macron arrives in Athens, kindling government's hopes
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    and the creation of a sizeable eurozone budget. They are proposals that have Greece’s backing. The current... the mainstream parties in Greece seem enthused by the idea of creating a budget that will be large enough... Germany’s backing, Berlin sees the creation of a common budget in a very different way to what

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  7. Tsakalotos stands ground on taxes, finalises social dividend plan
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    budget to defend the government’s fiscal choices, which have often provided the opposition parties... the level of taxation. Houliarakis told Parliament’s budget committee that tax is to high... up by 300 million euros that were earmarked for health and education in the 2017 budget. Another 800

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  8. Coalition in last-minute legislative rush, extends helping hand to MPs
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Having passed the 2018 budget earlier this week, the government is continuing a busy week... of the more onerous elements in next year’s budget. There are no serious concerns at this moment about any... that the budget vote on Tuesday also saw independent MP Theodora Megalooikonomou, formerly of the Union

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  9. Thessaloniki Port Authority contract signed, Hellenikon takes another step
    Photo by Giannis Papanikos/Fosphotos

    EconomyProgramme

    in privatisation revenues in 2018 in order to meet the targets set out in its 2018 budget. The budget also specified around 1.66 billion via privatisations this year. According to the latest preliminary budget

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  10. General govt primary cash surplus at 7.15 bln in Nov, arrears reduced further
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    at 780 million. The primary surplus of the state budget rose by around 649 million to stand at 2.46..., extrabudgetary funds by 16 million and state budget arrears by 15 million. Since the start of the year... refunds, which fell by 592 million euros and 450 million euros, respectively. Meanwhile, state budget

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