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Budget primary shows deficit of 7.01 bln in September
EconomyMacroeconomyThe budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the final Finance Ministry (MoF... during the first nine months of the year. Personal income tax (PIT) was below target by 763 million
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Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence
AgoraGreece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern
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General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash deficit came to 7.01 billion euros in the first nine months of the year compared to a surplus of 4.53 billion in the same period last year, according... at a deficit of 7.01 billion euros. The budget primary balance for the same time last year came
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Budget primary shows deficit of 7.01 bln as revenues suffer in September
EconomyMacroeconomyThe budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for September showed on Thursday. The primary surplus was below its
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 131 million euros from continued operations in the first quarter (Q1) of 2019, gaining on the profits of 8 million euros reported in Q4. The figure for the same quarter last year stood at a profit of 25 million euros. Factoring in discontinued
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Govt counts cost of own energy package as hopes of coordinated EU response fade
PoliticsGreek Politicsbeen hints that the government is planning further measures to cushion the effects of inflation... an immediate embargo on Russian oil, asking for such a measure to be delayed until autumn or winter..., are in favour of a staged oil embargo. Political pressure The government is sticking to the narrative
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Eurogroup agrees return of mission to Athens but key issues unresolved
PoliticsGreek PoliticsThere were few hints following the Eurogroup on the two other areas of interest for Greece: Lowering... will be found. A pre-Eurogroup tweet by Slovak Finance Minister Peter Kazimir was indicative
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If it's debt restructuring you're looking for, Regling's not your man
Agorato Ireland, 26 billion euros to Portugal and just under 131 billion to Greece. In its current form... and its sustainability. Peter Spiegel of the Financial Times published the extensive transcript of his
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Are Chinese investments starting to hit a wall in Germany?
Agorain Germany and on the continent.[ix] Finally, German Economy Minister Peter Altmaier unveiled... Economic Wars. Economics Minister Peter Altmaier is shifting policy decisively in favor of economic.../articles/2019-02-05/germany-s-peter-altmaier-enters-the-global-economic-wars. Jens Bastian
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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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