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Greece's 2014 fiscal gap suddenly appears bigger, much bigger
EconomyJust one week after the Greek Finance Ministry submitted to Parliament the draft budget for 2014... testing the limits of Finance Minister Yannis Stournaras’s positivity. It is widely known from previous... to the program being fully financed on a rolling twelve month forward basis. The Greek program does
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Tsipras starts to flesh out SYRIZA's economic policy but questions remain
PoliticsGreek Politicsstructural and cohesion funds to finance the scheme, which would see some 300,000 employment... gain revenues to finance its policies from clamping down on tax evasion and fuel smuggling. He said... be financed by a combination of EU funds and revenues from arrears and tax evasion is not likely
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Newsletter 46 - 09/10/2015
. Unofficially led by Finance Minister Euclid Tsakalotos, the group expressed scepticism before the elections.... When the Eurogroup of finance ministers met in Brussels this week, a major reform roadmap..., water management and good agricultural practices financed by EU funds. Unemployment stable at 25
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Budget surplus overshoots 11M target due to lower primary expenditure, investment spending
EconomyMacroeconomyof 2018, according to the final budget execution bulletin for November published by the Finance... was in a deficit of 775 million. The Finance Ministry was expecting a deficit of just above 1... sources. The main underspend stems from co-financed projects, which are short by 1.61 billion euros
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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingbillion. The portfolio was acquired by Hoist Finance AB. Futhermore, in early January it was reported... through this mechanism and reduce their bad loans. In parallel to the BoG scheme, the Ministry of Finance..., an entity financed by funds managed by affiliates of Apollo Global Management LLC and by the IFC
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Athens steps up drive for fiscal space as fifth post-MoU review continues
EconomyProgrammewill continue in Athens this week regarding the fifth enhanced surveillance review. Finance Minister... will not be on the agenda for the meeting of eurozone finance ministers. Although Athens does... money,” he said regarding the use of the bond profits. “What kind of investments could be financed
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Newsletter 236 -24/01/2020
and progress in clearing state arrears, as well as privatisations and the labour market. Finance... they will be required to take additional provisions that will impact on their capital base. The Finance... be financed and if they benefit growth; how this would affect fiscal targets and debt sustainability
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Newsletter 252 -29/05/2020
committee, Deputy Finance Minister Giorgos Zavos, who oversees the financial system, said that time..., the final Finance Ministry (MoF) budget execution bulletin for April showed this week. The primary surplus... on grants and financed by common EU borrowing. In background comments to the Greek media, government
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Govt prepares new round of economic relief as Covid remains a threat
PoliticsGreek Politics’s budget plans for this year. Speaking to Sunday’s Kathimerini, Finance Minister Christos... euros this year, barring any other negative developments. This is almost double the amount the Finance... service sector, which will be financed by EU structural funds. A similar scheme is also being lined
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Newsletter 330 - 04/03/2022
by the war in Ukraine, including fuel, grain and seed oils. It is clear that the Finance Ministry... appear a serious threat to the economic recovery and the fiscal performance. The Finance Ministry... the transition fund that is financed by incomes from emissions auctions and it was seen bringing in 2
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