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Newsletter 136 - 20/10/2017
months of 2017, increasing by 18.3 percent against last year’s figure of 3.81 billion euros, the Finance Ministry (MoF) preliminary budget execution bulletin showed. The year-to-date primary surplus... for a third straight month, and came to 5.69 billion euros, the highest figure for the year so far
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Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBankingEurobank’s results for the third quarter (Q3) of the year showed net profits after income tax... year’s figure of 191.7 million. Factoring in discontinued operations and restructuring costs, net... funds. The year-on-year rise was 17.8 percent, driven by lower government guarantee cost. Operating
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Check, please: How much Alexis Tsipras's first months cost Greece
AgoraThis time last year, Alexis Tsipras was in the awkward position of having missed his main... this year. Most critically, the main goal of being included in the European Central Bank’s QE... and 2020, mostly to appease the fiscal concerns of the International Monetary Fund. Fast forward one year
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How Greece sleepwalked off a cliff in 2009, in black and white
Agoraoutlets. The debate about the year that sealed Greece’s fate became a playing field for demagogues... year on year, while revenues dropped by 24.2 percent compared to the same month in 2008. The deficit in September was 1.5 percent of GDP, while during the year the deficit had been growing by 1
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Budget primary surplus at 1.97 bln in 2017 on strong underspend
EconomyMacroeconomythe target combined with revenues increasing against the full year target. Specifically, primary... to a deficit of 2.68 billion, worsening from November’s negative balance of 684 million. The full year budget... million euros. Revenues In December, gross revenues fell by 3.6 percent year-on-year to 5.57 billion
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Newsletter 148 -26/01/2018
year-on-year to 5.19 billion euros in December. PIB expenditure also dropped by 5.4 percent year-on-year to 5.96 billion, below the target by 800 million euros while revenues fell by 41.4 percent year-on-year to 2.45 billion, missing the target by 978 million euros. November C/A deficit at 954 mln
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Budget primary surplus at 2.32 bln in Mar, beating target by 1.22 bln
EconomyMacroeconomyrecorded in February. Year-on-year, March’s primary balance improved by 59.5 percent against the deficit for the same time last year which came to 1.07 billion. The budget balance in the first three... for the same time last year which showed a deficit of 1.36 million euros, and beating the target by 1.22
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EC forecast acknowledges pressure on Greek households, revises down growth
EconomyMacroeconomyforecasts and is now expecting the country to grow this year by 1.9 percent, from 2.5 percent previously. The estimate for next year was also downward revised to 2.3 percent, also from 2.5 percent in the winter forecasts. Although in 2017 Greece recorded the first year since 2006 that the economy grew
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Newsletter 162 -18/05/2018
of GDP in pension cuts will kick in from the beginning of next year and the tax-free threshold... that the International Monetary Fund would insist that the tax measures should be implemented next year. The Greek... enough to allow Greece to adopt the compensatory fiscal measures that were agreed last year
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Budget primary surplus confirmed at 2.29 bln in April on improved tax collections, lower PIB spending
EconomyMacroeconomymonths of 2018 compared to a surplus of 1.73 billion for the same period last year, the Finance Ministry... million euros, a strong improvement on the balance for the same period last year which showed... revenues showed an increase of 11.1 percent year-on-year to 3.50 billion. The figure also increased
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