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Primary surplus 3.1 bln above target in H1 on severe underspend
EconomyMacroeconomytarget) 2) Other social security funds expenditure (at zero versus a FY target of 446 million) 3) Grants... versus FY target of 454 million) 6) Consumption and non-allocated expenditure (at 23.4 percent
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A breakdown of the funding needs involved in Greece's third bailout
EconomyProgrammeof this amount includes: 1. Amortisation of SMP and ANFA bonds held by the Eurosystem (12.7 billion) 2... will lower financing needs by 6 billion. Based on these estimates, Greece’s gross financing needs
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Economic situation biggest worry for Greeks, latest Eurobarometer shows
Societyof the EU in Greece are continuing to improve. Now, 25 percent (+ 2 percent on the last poll) of Greek...), while 38 percent (+6 percent) said they were neutral, which on par with the EU average. Greece has
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgrammeand mothers with children with disability) with immediate application. 2) Change in the interest rate...) Full evaluation of the social welfare system, targeting annual cost savings of 0.5 percent of GDP. 6
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Greek government commits to new fiscal measures for third bailout
EconomyMacroeconomyfor 2016-19. Among others, the latter will include: 1) The second phase of pension reforms 2) Reform... of relevant frequencies 6) Extension of taxation on Video Lottery Machines (VLTs) gross gaming revenues
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomythat was not collected 2) Extension of submission of personal income tax (PIT) declarations that led to a delay... at 1.55 billion euros, 317 million below target. As a result, net revenues fell by 6 percent – lower
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These are the bailout deliverables expected from Greece in September
EconomyProgrammewith the EC. 2) Adopt outstanding reforms on the tax procedure codes (TPC) related to: introduction... legislation to make the Fiscal Council fully operational. 6) Present a plan to complete the clearance
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Accommodation and food services index rises by 13.4 pct in Q2
EconomyMacroeconomyThe Turnover Index in Accommodation and Food Services rose by 13.4 percent in the second quarter (Q2) of 2015 at an accelerating pace compared to the Q1 growth rate of 6 percent, according... sources indicate it would end between 1.5 and 2 percent with stronger tourism among the key positive
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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomydeclined by 13.7 percent and expenditure by 6 percent, indicating an improving performance in July... following the redemption of GGBs held by the ECb of a similar amount. 2) A marked rise in repos by 6.36
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Latest polls add to uncertainty ahead of Sunday's elections
PoliticsGreek Politicstheir support by about 2 percentage points since last week. Macedonia Uni for Skai TV ND 30% SYRIZA 29.5... the percentage of voters who have yet to make up their minds at 6 percent, compared to 8 percent last Friday
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