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Current account deficit deepens in Mar, reaching 6.45 bln for Q1
EconomyMacroeconomybillion euros, up from 5 billion euros in 2021. The oil deficit has increased almost four times, from... in 2021. The travel balance up to March came to a surplus of 200.8 million euros, from just 15.3 million euros in 2021. Travel receipts were 469.7 million euros, up from 106.2 million euros in 2021 and 593
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Inflation and economic bounce boost tax revenues as Jan-Apr budget primary balance beats target by 1.65 bln
EconomyMacroeconomyby 699 million euros. The budget balance up to April came to a deficit of 3.32 billion euros, from... and special excise taxes were up above target by 112 million euros. Income tax also exceeded the target... euros. Overall, the PIB balance landed at a deficit of 1.72 billion euros. RRF intakes up to April were
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Verbal exchanges with Turkey intensify, but voters still largely focussed on inflation
PoliticsGreek PoliticsThe war of words between Greece and Turkey went up a notch on Thursday due to an intervention... to ratchet up tension between Athens and Ankara were a series of tweets in Greek (and English) from... with Turkey: 66 pct of respondents say they are worried about ties between the two countries, up from 62
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Rising bond yields a concern, but not an immediate fiscal problem
Economysuccessful new 2021 issuances dropping continuously, pushing up borrowing costs. Eventually, Greece... announcement by the ECB that interest rates would be raised by up to a total of 75 basis points in July... strategy for 2022, which had envisaged to issue up to 12 billion euros in GGBs this year, however
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PBO urges continued fiscal discipline amid growing instability
Economy, up 2.5 times last year’s equivalent figure. The first four months are also marked by solid fiscal... spending was withdrawn and inflation boosted tax revenues, notably VAT intakes. Inflation drives up... of businesses and the living cost for households. The interventions so far have been picked up exclusively
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Government attempts to offer reassurance against winter energy shortages
PoliticsGreek Politicsreduction targets. Backpay quandary With energy subsidy measures eating up any available fiscal space... of repeating this move adds up to an estimated 2.5 billion euros. This puts political pressure on PM Kyriakos.... With pensioners making up the most active group of voters in national elections and a large part of New
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Mitsotakis insists on no early elections, accusing opposition of sowing division
PoliticsGreek Politicson customers’ bills could end up costing between 1 and 1.5 bln euros a month. This means... electricity bills to go up, or sacrificing some of its other promises, neither of which would prove popular... having given up 0.9 percentage points since the last sounding. Importantly, support for PASOK-KINAL
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Govt turns attention to more relief measures in absence of snap polls
PoliticsGreek Politicsthe weekend insisted that the PM had weighed up his options and took it upon himself to decide against... pensions in 2023, by up to 5 pct, for the first time in more than a decade. Another increase... anything else and that there is pressure on the government to come up with answers as long as prices keep
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US amendment on Turkish jets adds new factor in Athens-Ankara ties
PoliticsForeign Policythat “Greece claims an airspace that extends up to 10 nautical miles and a territorial sea of up to 6.... The US thus recognizes an airspace up to 6 nautical miles consistent with territorial sea. Greece
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Final budget execution for June affirms solid revenues, driven by VAT and income tax
EconomyMacroeconomyeuros. The budget balance up to June came to a deficit of 6.46 billion euros, from a 12.22-billion... taxes were up by 745 million euros. Excise taxes were short by 121 million euros. Tax refunds came.... Overall, the PIB balance landed at a deficit of roughly 2.4 billion euros. Up to June, RRF intakes were
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