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From a tsunami of debt to some sense of normality
AgoraGreece’s debt managers outlined in the budget process that started last October their main goals... between the European Union and Italy over the latter’s budget, led to Greek yields rising after the new... during the first programme, between 2010 and 2013 Greece would have needed more than 50 billion euros
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Fiscal issues dominate talks as fourth post-programme review ensues
EconomyProgrammeon the fiscal front from the finance ministry. However, next year’s budget and to what extent... and ANFA bond profits incorporated in the budget in order to release 1.2 billion euros of fiscal space... for a revision of the target for reducing PPC’s market share to 50 percent to accommodate the new
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Pension bill to be unveiled as govt prepared for fifth post-MoU review
PoliticsGreek Politics). The aim is to conclude negotiations by the autumn in time for the 2021 budget. Kathimerini reported... an official request to the institutions to be allowed to transfer any excess budget surplus... life and offer more choices to self-employed workers. The draft law is due to include a 50 percent
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Multiple fronts and falling revenues pose pensions challenge for government
EconomyFeaturesPensions arrears continue to pile up in the meantime, with the Parliament’s Budget Office (PBO) warning... 2020. The cost to the budget is expected to exceed 600 million euros for main pensions. In its latest... thanks to the country’s troubled demographic makeup. In 50 years, there will be only two working
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EC sees big drop for economy in 2020, expects milder recovery of 3.5 pct in 2021
EconomyMacroeconomyview on the matter, speaking of recovering 50 pct of the 2019 travel receipts, which implies... forecast, included in the budget for 2021 tabled last November, growth in 2021 was seen at 4.8 pct... quarter of the year most of the 7.5-billion-euro allocation of support in this year’s budget. For the euro
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Newsletter 284 - 12/02/2021
measures for the whole year would amount to 7.5 billion euros, its budget plans for 2021 have already... billion euros, or more. This will lead the ministry to have to submit a revised 2021 budget... of their contract suspension is less than three months or if they receive more than 50 percent of their salary
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IMF expects modest recovery, lingering debt but primary surplus to return swiftly
EconomyMacroeconomyFiscal Monitor the budget was seen in primary balance, which implies a 6-percentage point revision. Revenues over the next three years are seen stable at 50 pct of GDP, while expenditure last year... one, issued by the Parliamentary Budget Office - to 4.2 pct, the latest estimate published this week
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Newsletter 302 - 18/06/2021
estimates put more than 50 billion euros. Mitsotakis is hoping to take advantage of the positive mood... cost the pandemic had on the Greek budget, with a total of 33 billion euros of support committed... the budget is expected to have a small primary deficit of 0.5 pct of GDP, before returning to primary
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Newsletter 313 - 22/10/2021
, as they did in the latest budget data for September that beat the target by more than 900 million euros... of the population is on the rise. More than half of Greeks are above 50 years old. Challenges were also... it received a 270-million-euro state contract.MacroeconomyCharts of the weekBudget September’s budget
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Newsletter 321 - 17/12/2021
to this poll, placing him second behind Mitsotakis’s 50 pct. Almost half of respondents..., there were more positive signs for the Finance Ministry as the budget revenues are beating... of under-execution of the public investment budget, the primary balance up to November is well ahead
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