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Budget
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EconomyProgramme
Fiscal dispute dominates as Greece and lenders gear up for more talks The institutions’ mission chiefs are expected to return to Athens early this week to begin a new round of discussions with the Greek authorities on the ground, aiming clinch a staff-level agreement on the second programme review.
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EconomyMacroeconomy
Revenues beat target for third successive month in November Greek budget revenues beat their target, albeit marginally, for the third straight month in November, General Secretariat of Public Revenues (GSPR) figures revealed on Tuesday.
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EconomyMacroeconomy
General government primary cash surplus to Oct rises to 6.1 bln, arrears slip to 6.3 bln Greece’s general government (gg) primary cash surplus expanded by 1.37 billion euros to 6.08 billion in the 10-month period of 2016 from 4.71 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Friday evening.
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EconomyProgramme
Having failed to resolve differences, Greece and lenders enter new week of talks Ahead of the Eurogroup Working Group due to convene on Monday, the Greek authorities held a teleconference on Saturday afternoon with the institutions’ mission chiefs on the second programme review.
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EconomyMacroeconomy
Budget primary surplus to Oct confirmed at 6.5 bln, 2.9 bln above revised target Greece’s budget primary surplus was confirmed at 6.5 billion euros in the 10-month period of 2016 from 4.53 billion a year ago, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday.
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EconomyMacroeconomy
Fiscal Council adopts 2017 budget forecasts with three reservations Following the tabling of the 2017 budget in Parliament on Monday, the Greek Fiscal Council published on Tuesday its opinion, which concludes that it adopts the forecasts but under three reservations.
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EconomyProgramme
Second round of review talks concludes without breakthrough on labour reforms Despite lengthy meetings that started on Monday morning and continued overnight until 5.30 am on Tuesday, Greek officials and institutions mission chiefs did not clinch an agreement on the key issues of the second programme review.
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EconomyMacroeconomy
Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth Finance Minister Euclid Tsakalotos tabled in Parliament on Monday afternoon the 2017 budget detailing the government’s fiscal and macro estimates for 2016 and 2017.
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EconomyProgramme
Greece and lenders make headway on review but labour reforms remain biggest obstacle After a three-day break, discussions between Greek ministers and the mission chiefs resumed on Sunday, when the key focus was on labour and fiscal issues.
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EconomyProgramme
Talks on bailout review head for crucial weekend After a temporary break on Thursday, when discussions between the Greek authorities and lenders continued at technical level, negotiations are expected to intensify over the weekend ahead of the tabling of the 2017 budget on Monday.