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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammeThe budget execution for January revealed a revenue shortfall of almost 1 billion euros, mainly reflecting... taxes or shortfall created by other revenue sources. The breakdown of the key budget items in the first half of the year, according to the 2015 budget, shows revenues in March will be lower than
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Athens displeased with EU Council outcome, faces pressure for talks with Turkey
PoliticsForeign Policyto engage in a dialogue. Arms embargo Following the Greek side’s failure to secure the inclusion... to an arms embargo and countermeasures/sanctions per sector over Turkey’s violation of the EU-Turkey... of the arms embargo, Mitsotakis explained in his press conference on Friday in Brussels
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Newsletter 185 -30/11/2018
true colours as far as economic and fiscal policy are concerned. “Our first real 100 days in government will be completed tomorrow, when we will mark 100 days out of the MoU,” the prime minister told... this year, from a figure that was well in excess of 100 billion in the end of 2016. The NPE ratio
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About to soar? Greece's economy still needs to be handled with care
Agorapercent this year, which will present the government with serious challenges in terms of budget performance. The revenues side of the budget is already struggling to meet the targets, falling 682 million... trail by under 100 million. Expenditure has been curtailed to make up for the underperformance
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Tempe rail crash charges reignite debate about scrupulousness of investigation
PoliticsGreek Politicsrepresentatives and employees of the contractor were charged with instigation of subsidy fraud... signalling-telecommand systems, but the contractor attempted to construct an entirely new signalling system
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Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
EconomyMacroeconomysemester, the Finance Ministry tabled to Parliament the final budget for 2019. The efforts of the Greek... fruit as the measure was scrapped. The budget also did not contain the package of countermeasures, which had been intended to make the budget fiscally neutral and growth-friendly. Instead, thanks
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Budget primary shows deficit of 1.5 bln in Feb, above target by 1.23 bln
EconomyMacroeconomyThe budget primary balance recorded a deficit of 1.5 billion euros in the two month of 2021...) budget execution bulletin for February showed. The primary balance was above its target by 1.23 billion euros. Expenditure excluding interest payments and the public investment budget came to 8.19
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Budget primary deficit at 3.42 bln in March, above target by 941 mln
EconomyMacroeconomyThe budget primary balance recorded a deficit of 3.42 billion euros in the first three month... Ministry (MoF) budget execution bulletin for March showed on Thursday. The primary balance was above its target by 941 million euros. Expenditure excluding interest payments and the public investment budget
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Last-minute labour amendment, university asylum law fuel political row as third bill passes
PoliticsGreek Politicsemployees’ compensation rights. Also, firms are no longer responsible for ensuring that sub-contractors abide by labour regulations. The sub-contractor is responsible for ensuring workers’ rights...-contractors they use and employees having the right to take legal action against employers even
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Budget primary surplus at 5.33 bln in October, beating target on revised budget figures
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 5.33 billion euros in the first 10 months... Ministry’s (MoF) final budget execution bulletin showed on Friday. The primary surplus surpassed its.... The MoF notes that the newly released budget targets have been incorporated into the latest report
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