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IMF insists fiscal targets unrealistic, cites historical evidence to support case
EconomyProgrammeperiod, Greece has been running a primary deficit in the region of 3 percent of GDP. The only exception... to meet the overall deficit target of 3 percent for euro adoption, though quickly reversed to primary... of GDP only 3 cases have managed to maintain that target and, when excluding resource-rich countries
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Budget primary surplus confirmed at 2.29 bln in April on improved tax collections, lower PIB spending
EconomyMacroeconomy, which was very slightly over target by 3 million. A smaller rise of 5 percent was also noted... largely by consumption tax rising by 9.2 percent to 2.64 billion, while VAT revenues rose by 3 percent... period were confirmed 35 million, a slight increase of around 3 million euros against the previous
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About last night
Agorabeyond 3 years and wanted a link between how much would be disbursed in the last tranche for the cash.... It seems that instead, eurozone finance ministers opted for an amount of roughly 3 billion euros... of sustained fiscal savings, running deficits that average 3 percent over the last 70 years
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No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
EconomyProgrammethe Eurogroup meeting on December 3. Until now, it had been thought that a decision might be made... it has to reduce pension spending by 1 percent of GDP in 2019 until December 3. The reason given..., by the time the December 3 Eurogroup is held all the pieces will be in place for eurozone finance
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Skopje moves ahead with name deal ratification as Athens watches closely
Foreign PolicyGreek Politicsaccepted, especially regarding the 36th amendment which refers to changing Article 49, Paragraph 3. Article 49, Paragraph 3 refers to "the Macedonian people living abroad." Athens has expressed objections... Pavlopoulos and the former Foreign Minister Nikos Kotzias as they both believe that Article 3 suggests
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Mitsotakis on offensive over Macedonia name deal after Zaev comments
PoliticsGreek Politics.” Bosnjakovski has also noted that “we want to underline article 4(3) of the Prespa agreement that we... it to be of “a Slavic origin.” He also stressed article 4 (3) mentioned on Tuesday by Bosnjakovski... to the proposed amendment of Article 49 (3) that refers to “Macedonian people living abroad”. The Greek minister
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PDMA sets out plans to build on recent market forays with bond issues in 2019
Economyissued a new 5-year bond of 3 billion euros with the yield settling at 4.625 percent.... The last market access was in February this year, with the issuance of a 7-year benchmark of 3... to issue between 3 and 7 billion euros of benchmark bonds in 2019. Also factored in are 1.2 billion euros
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General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln
EconomyMacroeconomythe biggest decline (-26 million) followed by tax refunds (-26 million) and state budget (-3 million.../ESM/IMF loans edged up very slightly by around 3 million euros, and represented around 70.5 percent of the total debt. In the other underlying subcategories, T-Bills edged down by 3 million to 15.28
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Newsletter 220 -20/09/2019
almost 3 billion euros to the International Monetary Fund, a move the government hopes will leave... activity this week centred around plans to pre-pay almost 3 billion euros to the IMF ahead of schedule...’ approval put the process on hold. Greece’s quota with the Fund is just above 3 billion euros
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeatureswere 1, 2 or 3 star establishments, 32 percent were 4 start and 21 percent were 5 star. The lower.... Specifically, the amount of turnover generated via Thomas Cook for 1, 2 and 3 star hotels came..., while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39
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