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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.... The government has set a goal of 2 percent, but could be content with a 1 percentage point reduction to 2.5 pct of GDP which would give it an additional 2 billion euros of fiscal space in the coming year
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Athens steps up drive for fiscal space as fifth post-MoU review continues
EconomyProgrammemechanism that would allow the transfer of unused surpluses from one year’s budget to the next. If approved, this could secure up to 4 billion euros for investments and 2 billion euros for tax relief. The government is searching for over 2 billion euros of fiscal space in the 2021 budget and at least
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Lenders set out key review issues as Athens tables proposals for fiscal space
EconomyProgrammefor over 2 billion euros of fiscal space in the 2021 budget and at least 400-500 million euros... Authority of Public Revenues (IAPR) and the public investment budget. It is reported... euros turned red during the crisis. The banks are calling for more than 2 billion euros of state
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Govt extends 800-euro bonus, heralds loan payment holiday for individuals as well as firms
EconomyOnly two days after announcing economic measures of up to 2 billion euros to support businesses... latest public address on Thursday that the government would add another 3 billion euros from the budget... of the coronavirus on the economy. This will have a fiscal cost of about 2 billion euros, Staikouras
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Newsletter 251 -22/05/2020
to businesses worth a total 2 billion euros, tax breaks for landlords. Liquidity to businesses..., the situation is highly uncertain as there is only preliminary data on budget execution for April... that will replenish and keep the cash reserves at high levels. The Greek Parliament Budget (PBO) issued its first
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Trouble from Turkey prompts plans for extra defence spending after years of cuts
PoliticsGreek Politicsrecent years, when Greece’s defence budget had been trimmed – in real terms – as the country’s economy..., this stood at 2 pct, which was still in line with the level agreed by NATO member states in 2014. Even at 2 pct, spending was much higher than the EU28 average in 2018, which stood at 1.3 pct
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Newsletter 280 -15/01/2020
of March, allowing almost 2 million people in high-risk groups to be inoculated, thereby easing..., the state budget primary balance showed a fall of 21.03 billion euros, landing at a deficit of 13.75 billion euros. The budget primary balance for the same time last year came to a surplus of 7.28
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Newsletter 283 -05/02/2021
to fund more relief measures for businesses as the coronavirus has knocked the 2021 budget off track... that the communications budget will be used to promote ND’s interests in the media. Hercules nears end of first cycle... request submission for Hercules on the securitisation of the Phoenix portfolio worth 2 billion euros
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Stability Programme reflects subdued expectations for 2021, high hopes for 2022 onwards
EconomyMacroeconomyhad a significant impact on budget developments as the ministry had to finance support measures running into May. The headline budget figure for 2021 has been revised down by 6 percentage points... is 27.9 billion euros, 11.6 billion last year, 14.3 billion this year and 2 billion euros in 2022
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MTFS forecasts growth of up to 6.2 pct in swift economic recovery from Covid
EconomyMacroeconomyhad on the Greek budget, with a total of 33 billion euros of support committed in 2020 and 2021 - 17.4... year and this year. The MTFS sees this fiscal performance corrected next year, when the budget is expected to have a small primary deficit of 0.5 pct of GDP, before returning to primary surpluses of 2
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