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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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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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Mitsotakis pleads for strong mandate as polls suggest ND heading for landslide win
PoliticsGreek Politicsis also targeting Greek Solution because if the fledgling party fails to pass the 3 percent... finance minister Yannis Varoufakis, are right on the 3 percent threshold for gaining seats in the next... on 3.5 and Greek Solution and MeRA25 both on 3 percent again. Public Issue sees 40 percent
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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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