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Athens waits for green light from Eurogroup so it can settle IMF loans early
EconomyProgrammethe European Stability Mechanism (ESM) to pay off some or all of its loans to the International Monetary Fund... the money it owes to the IMF. The government has made no secret of its desire to pay off early some... off the instalments that are due this year and next year, which amounts to 3.8 billion euros
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Athens gearing up for new bond issue amid favourable market conditions
EconomyProgrammethe completion of the second post-programme review: To issue another sovereign bond and to pay off some... are at 1.5 percent,” he said. “When you pay off the loans prematurely, you help restructure your debt so... for this year so a new issue may round off the country’s borrowing activity for the year. Two bond
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Athens holds fire on debt schemes, prepares tax relief measures
EconomyProgrammeof arrears to social security funds. The measure includes a potential write-off of up to 100 percent... will be included in the scheme. Anyone wanting to pay off their debt in a one-off payment will have
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PM aiming to unveil expansionary fiscal measures after Easter
PoliticsGreek PoliticsThe government is preparing a series of permanent and one-off fiscal measures aimed at providing... to be considering reinstating a discount on the upfront payment of income tax. Among the one-off measures being... consecutive fiscal outperformances show there is room for permanent measures and not just the one-off
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Newsletter 205 -10/05/2019
. Of this available funds, 3.6 billion euros will be used in the coming weeks to pay off part of Greece’s loan from... to previous policies on expenditure dynamics starting to pay off. Special note is also made of policy..., factoring in the one-off positive impact of debt measures agreed in April. The balance is expected
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Lenders highlight risks of 'short-term popular' measures unveiled by government
EconomyProgrammeexpressed concerns about the schemes unveiled on Sunday for taxpayers to be able to pay off their debts... sector employment reforms which if realized could cost as much as 9 billion euros on a one-off... confirmed on Thursday that Athens has made an official request to pay off part of its loan from the Fund
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EU elections in Greece: Applying a different scale of values
Agoraoff the rails. But even when the crisis broke out, and a bailout was needed, the practice... and pension bonus) are enough to throw the budget off course and make it impossible for Athens to reach its... euros. The lenders’ concern, which may lead to Greece’s early repayment of its IMF loans being put off
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Mitsotakis vows to push on with tax cuts despite fiscal concerns
PoliticsGreek PoliticsNew Democracy leader Kyriakos Mitsotakis has brushed off concerns that the lack of fiscal space... the lenders regarding Greece’s public finances veering off track due to SYRIZA’s handouts. In fact... that this would allow Greece to pay off its debt quicker. “You have different revenues if you grow with 2
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Budget primary surplus at 918 mln in May, expenditures rise as 13th pension payment takes effect
EconomyMacroeconomymillion euros have been incorporated to 2019 figures to cover the one-off payments related to law...-off payments that took place until May of 2019 in connection with ministerial decisions issued... expenditures of 329 million euros (mainly the one-off payments of law 4575/2018) and increased PIB
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Newsletter 211 -21/06/2019
the one-off payments related to law 4575/2018 that were not completed in 2018 (in non-allocated expenditures). The MoF said that these one-off payments that took place until May of 2019 in connection... million euros, additional salary expenditures of 329 million euros (mainly the one-off payments
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