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Severe underspend covers lower revenues for end-May primary surplus
Economytarget, also reflecting lower than targeted military procurement by 219 million. Although the Public
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Greek ministers prepare Israel visits in bid to further relations
PoliticsForeign Policysignificant. Israel and Greece carried out joint military exercises during the last couple of months
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Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
EconomyMacroeconomyprimary expenditure (1.67 billion) coupled with lower military procurement (by 219 million
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Greek government's proposals to bridge gap with lenders appear to fall short
EconomyProgrammelenders were proposing the elimination of both without specifying the effective date. On military
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Where the key differences between Greece and the institutions lie
EconomyProgrammeThe institutions are proposing a reduction in the military spending by 400 million, which is double
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Greece submits proposals to lenders in hope of paving way for agreement
EconomyProgramme, in line with institutions’ proposal. On the key issue of military spending, the government will reduce
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Newsletter 34 - 10/07/2015
in 2015 and 250 million in 2016. Military spending will be reduced by 100 million euros in 2015
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The key numbers behind the latest Greek proposals
EconomyProgrammein 2016. 3) Reduction in the expenditure ceiling for military spending by 100 million in 2015 and 200
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Tsipras gets strong mandate for deal in Brussels but left with political conundrum at home
PoliticsGreek Politicson this stage. Kammenos said that he would not accept any reductions in military personnel.
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Revenues 705 mln short in June but expenditure above target by 961 mln
Economy. The over-performance fully reflects lower primary expenditure (by 2.63 billion) and military
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