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Here's what's in the 2015 draft budget the Greek government has just unveiled
EconomyMacroeconomyfrom higher cash surplus, the implementation of the privatisation program and the anticipated rise in the nominal GDP. However, the draft budget does not incorporate any update on the privatisation plan neither an estimate of privatization proceeds. Bonds Following the issue of 3- and 5-year bonds
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Brussels sets out guide for post-MoU financing needs, cash buffer
EconomyProgrammebillion estimate of disbursement needs up until the end programme. This would leave 27.4 billion... period by privatisation proceeds and the ANFA and SMP profits held by the Bank of Greece... and swaps could reduce the need for financing in the “critical early post-progamme period.” Privatisation
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Revised GDP data shows recession for 2016, higher growth in 2014
EconomyMacroeconomyAccording to the Hellenic Statistical Authority’s (ELSTAT) second estimate for the 2016 Annual... an initial estimate of 0.1 percent growth. ELSTAT also revised the national accounts for the years... compared to an initial growth estimate of 0.6 percent. Expenditure of households dropped by 0.1 percent
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Regional airports deal represents biggest privatisation yet for Greek government
Economy. This is largest privatisation project implemented so far and follows that of Hellinikon (former Athens
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Greece and lenders seen making progress on privatisation fund but not on NPLs
EconomyProgrammeAlthough considerable gaps still exist between the mission chiefs and the government on the key issues of fiscal and tax measures as well as pension reform, progress has been reportedly made on the new privatisation fund. In specific, the two sides seem to have agreed that there would be four key
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Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
EconomyMacroeconomyof the flash estimate. All key GDP components fell QoQ. The most significant drops were seen... 2015, the Hellenic Statistical Authority (ELSTAT) provisional estimates showed on Monday. The headline figure is slightly worse than the 0.4 percent QoQ contraction in the flash estimates released
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EC keeps growth estimates broadly unchanged, fiscal outlook improves markedly
EconomyMacroeconomyadjustments for the Greek growth outlook from the previous estimate in May. The Commission for 2024 sees... in 2025, falling below the 2 percent threshold in 2026. In the estimates in May, inflation for 2024..., dropping to 9.8 percent next year and 9.2 percent in 2026. This is broadly in line with the estimates
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PM briefs EU leaders on migration stance as Turkey tries to pin blame on Greece
PoliticsForeign Policythat Turkey has usually interpreted it. Libya There is a possibility of a ceasefire in Libya within the next.... But, according to government spokesman Steffen Seibert, Merkel told Haftar that the situation in Libya... that will take place in Libya's international waters aiming to preserve the UN arms embargo. The new
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Amid lack of communication, overflights add to Greek-Turkish tension
PoliticsForeign Policyon the sidelines of NATO Summit, in London in early December. Libya concerns Athens is also closely monitoring Turkey’s efforts to enhance and stabilise its presence in Libya, supporting the UN-recognised government in Tripoli. According to press reports, Turkey maintains five frigates closely to Libya
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Athens assessing lay of land as Cyprus talks approach and UK seeks new role
PoliticsForeign Policy-Cypriot sides have many issues to consider ahead of new Cyprus talks. Libya developments Greece... and the Prime Minister of Libya by the Libyan Political Dialogue Forum in Geneva. A statement released... and the Government of National Accord of Libya, in Tripoli. As a diplomat, Menfi served the regime
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