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Five-month budget primary surplus confirmed at 1.84 bln, beats target by 790 mln
EconomyMacroeconomyrevised the annual targets for 2017 – and accordingly the monthly targets as of May – in line... balance remained positive for the second successive month, albeit slowing to 114 million in May from 656... Gross revenues (revenues before tax refunds) rebounded by 7.9 percent in May, after falling by 6.5
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EU's temporary framework for state aid in response to Covid-19 outbreak
Legalconcerned. All types of aid measures have in common that they may only be granted to companies...), and further conditions apply to aid given to such companies. A company may receive this aid... from 25 bps to 200 bps. However, as an alternative, Member States may notify schemes, considering
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Newsletter 257 -07/07/2020
on Tuesday compared to the Spring forecasts issued in May. Greece is expected to experience a sharp... remains strong but that its big lead over SYRIZA has been eroded slightly. According to the Marc..., which SYRIZA has edged up by a meagre 0.2 points. This may indicate that some of the enthusiasm shown
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Greek GDP falls by 0.2 pct in Q1 as uncertainty impacts on investments
EconomyMacroeconomy. The disclosed figure is in line than the flash estimate announced by ELSTAT on May 13. Today’s... with the tight liquidity conditions have taken their toll on the initial expectations for a strong... official forecasts published by the European Commission (EC) in early May called for a rise in (real
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IMF examines where programme went wrong, what lessons were learnt
EconomyProgramme, while fiscal multipliers may have been underestimated. As a result, the initial fiscal objectives...) with pension expenses rising significantly relative to GDP. In addition, VAT rate hikes may have... may have undermined the growth potential of the taxpaying corporations. Meanwhile, tax evasion
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An unsettling role-reversal for Greece and Germany
Agoraloses a strong advocate within Germany for debt relief, although the SPD’s effectiveness in shaping... Grexit as an option during the campaign, made a strong return to frontline German politics. The 12.6... on authorities, lives may also be at risk. It should not be forgotten, for instance, that there have
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Institutions prepare for Athens return, completion of fourth review
EconomyProgrammeThe institutions will return to Athens on May 14 with a view to securing a staff-level agreement... of achieving an SLA in time for the May 24 Eurogroup. This was the original target but there have been...” and that it is “more than doable” to reach an SLA by May 24. If this is the case, then there is still
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Newsletter 201 -21/04/2019
but may make do with just paying off the instalments that are due this year and next year, which.... The government would like to make its move before the European Parliament elections on May 26 as SYRIZA... name deal. It may affect those voters who don’t feel so passionately about the issue, and who tend
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Newsletter 249 -08/05/2020
to remove this restriction from May 18. The next major step will be to allow free travel... that countries like Greece, Israel and Austria may also be able to benefit from such an arrangement... tourist season, and the unavoidable need for strong government support to stave off the worst-case
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Newsletter 282 -29/01/2021
and Turkey have been afforded added drama by Greece’s political system and the media. This may have been why... President Recep Tayyip Erdogan may be trying to get in the good books of the incoming Biden... party voiced strong opposition to the Prespes Agreement settling the Macedonia name issue. It is worth
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