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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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Media
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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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ECB increases ELA ceiling for Greek banks by 400 mln for first time since summer 2015
EconomyMacroeconomyLiquidity Assistance (ELA) ceiling for Greek banks by 400 million euros to 46.6 billion following... in the ELA ceiling since mid-August 2015, when the ECB started to reduce the limit after it had peaked to 91 billion euros. Although the ELA ceiling has been cut by 44.4 billion since
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ELA ceiling for Greek banks slashed by 7.8 bln to 77.9 bln after recap
EconomyMacroeconomyThe Bank of Greece (BoG) said on Thursday that the ECB Governing Council decided to reduce the Emergency Liquidity Assistance (ELA) ceiling for Greek bank by 7.8 billion euros to 77.9 billion... today’s ECB decision, the ELA ceiling has been cut by a total of 13.1 billion euros since mid-August
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Greek banks' ELA ceiling lowered by 1 bln on improved liquidity conditions
EconomyMacroeconomyThe Emergency Liquidity Assistance (ELA) ceiling for Greek banks further lowered by 1 billion to 87.9 billion, Bank of Greece (BoG) said on Wednesday. This was the fourth reduction since August 18 reflecting an overall improvement in banks’ liquidity position after the signing of the agreement
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Revenues at 4.77 bln in Oct, beating target for fourth straight month
Economyto the targets being beaten over the last four months, even though there is a steady increase in unpaid...The final budget execution to October confirmed preliminary figures, released by the Ministry of Finance (MoF) on November 13, showing revenues beating monthly targets by 763 million euros
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Effort begins to secure SYRIZA support for deal with institutions
PoliticsGreek Politicsof the trade-offs that the Greek government wants will only take place if the fiscal targets are beaten... opposition to bringing down the tax-free ceiling. He also claimed that collective dismissals would
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