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Newsletter 144 -15/12/2017
. The budget balance in the first 11 months of 2017 recorded a deficit of 763 million euros, landing... banks’ Eurosystem funding fell by an additional 4.46 billion euros in November according to the Bank of Greece's (BoG) monthly financial statement. The reduction led central bank funding to stand at 32.88
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Newsletter 275 -27/11/2020
. Aggregate PIB expenditure came to 7.01 billion, overshooting the target by 2.28 billion. Overall, the PIB... states for the six-year funding programme. Greece qualifies for just under 32 billion euros of funding... proposals for funding. These include a major programme for the energy upgrade of buildings
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For better or worse: Greece's bailout exit deja vu
Agora, there is a discussion about the terms under which it is exiting and how they compare to the conditions that were... to normality for Greece during a visit to Athens. Even in political tactical terms, it seems odd... tax rates and investment spending if targets were beaten. All crisis governments had first-hand
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Contraction of 0.1 pct in Q4 sees 2018 GDP fall slightly below target at 1.9 pct
EconomyMacroeconomyin real terms (190.8 billion euros versus 187.2 billion euros) and fell short of the Ministry of Finance... by 7.5 percent, meaning that the initial figures for 2018 have beaten this estimate. Imports of goods... terms while public consumption fell by 2.5 percent across the year. Investments As noted previously
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ND on spot over police raid but opinion poll ratings provide comfort
PoliticsGreek Politicsthat they were beaten and arrested for supposedly impeding the police’s work after refusing to give access... to hold the police, which has a chequered history in terms of excessive use of force and abuse of power... for its policies and actions in most areas, apart from the refugee issue. In terms of the overall
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Athens prepares new primary residences proposal after finding common ground with banks
EconomyProgrammeThe Greek government and local banks are reportedly making progress in their discussions about how to replace the Katseli law, which expires at the end of the month, with a new framework for protecting primary residences from foreclosure. The two sides ...
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Budget deficit of 6.38 bln in Aug confirmed; target beaten due to one offs
EconomyMacroeconomyThe budget primary balance was confirmed at a deficit of 6.38 billion euros in the first eight months of 2021, compared with a deficit of 5.48 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday....
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VAT and income taxes buoy revenue performance as primary surplus target is beaten in Sep
EconomyMacroeconomyThe budget primary balance in September was confirmed at a surplus of almost 6 billion euros, compared to a surplus of 52 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Wednesday....
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Wage ruling gives gov't immediate fiscal headache, political one may come later
PoliticsGreek Politicson wage maturities If this proves to be correct, the government faces a challenge in finding.... Under the bailout terms, Greece can use only 70 percent of any surplus in excess of its targets... program review being carried out by the troika. It has struggled to reach this amount so finding
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Newsletter 68 - 01/04/2016
not seeing out their four-year terms. The last time a Greek administration stayed in power for its full term... was beaten again. Despite the economy entering recession, Greece being monitored for its oversized public
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