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Newsletter 428 - 21/06/2024
: Development, Migration, Interior, Labour and Agricultural Development. The new head of the Development Ministry is Takis Theodorikakos, who has previously served as Interior Minister. Kostas Tsiaras... is being moved from the Interior Ministry to the Labour Ministry, where she is replacing one of the few
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Greek Parliament's budget office questions primary surplus sustainability
EconomyMacroeconomyIn its latest quarterly report released on Friday, the Greek Parliamentary Budget Office (PBO) argues that despite significant achievements in 2014, the Greek economy still has a long way to go to overcome the obstacles in its path. The PBO notes the ratification of Greece's primary surplus in 2013
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Parliament's budget office sees Greek recovery finely poised
EconomyMacroeconomyIn its latest quarterly report published on Monday, the Parliamentary Budget Office (PBO) argues that the Greek economy could grow by more than expected this year but that a series of concerns, including bank stress tests, unpaid taxes, lack of structural reforms and stagnant exports could yet
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Greece's Parliament Budget Office sees lack of post-bailout plan
EconomyMacroeconomyIn its latest quarterly report published on Wednesday, Greece’s Parliamentary Budget Office (PBO) set out its concerns about the country’s preparedness for exiting the troika Memorandum of Understanding (MoU). The PBO notes that, as part of the ongoing review, the government is negotiating if, how
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Parliament's budget office rings alarm bell on economic prospects
EconomyMacroeconomyThe Greek economy deteriorated in the first half of 2015 and the country has entered again into a recessionary trajectory, according to the quarterly report of the Parliamentary Budget Office (PBO). The key rationale lies with the uncertainty that stemmed from the extended deposit outflows
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Parliament's budget office sees risks and rewards in third bailout
EconomyMacroeconomyThe elimination of uncertainty related to economic policy and the implementation of reforms and privatisations is a key condition for faster and sustainable economic recovery, the quarterly report of the Parliamentary Budget Office (PBO) stresses. The issues that have emerged from
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Parliament's budget office highlights economic challenges beyond bailout
EconomyMacroeconomyThe economic challenges that Greece faces should it conclude the first bailout review with the institutions are outlined in the latest quarterly report of the Parliamentary Budget Office (PBO). The report notes that based on the latest available information, the negotiations with the institutions
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Parliament's budget office sees risks to economic recovery
EconomyMacroeconomyIn its latest quarterly report, the Parliamentary Budget Office (PBO) calls for swift and consistent implementation of the third bailout programme since it concludes there is no alternative route to economic growth. On the labour market reforms that are part of the second programme review
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Greek 2017 budget reveals size and source of extra tax burden
AgoraThe 2017 budget tabled in Parliament on Monday revealed that the bulk of the estimated incremental fiscal performance in 2017 will stem from additional revenues since 2.45 billion of the 2.6 billion in total interventions will be on the revenue side. The Finance Ministry forecasts that five revenue
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Athens launches drive to pre-pay part of IMF loan, bringing budget benefits
EconomyProgramme, which carries an interest of 4.9 percent and the prepayment will save the budget approximately 70
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