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EconomyMacroeconomy
Budget primary surplus at 5.76 bln in October as expenditure drops The budget primary balance recorded a surplus of 5.76 billion euros in the first ten months of 2019, compared to a surplus of 3.81 billion noted in October 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Monday.
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EconomyBanking
Watchdog raid strains testy relationship between banks and govt Another chapter in the unexpectedly turbulent relationship between the new Greek administration and the country’s banks was written on Thursday when the Competition Commission raided the headquarters of the four systemic banks, Attica bank and the Hellenic Banking Association.
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EconomyMacroeconomy
General govt primary cash surplus at 6.25 bln in September, arrears drop by 82 mln Greece’s general government (gg) primary cash surplus came to 6.25 billion euros in the first nine months of the year, up by 1.06 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyMacroeconomy
Sept budget primary surplus confirmed at 4.47 bln, well above target The budget primary balance recorded a surplus of 4.47 billion euros in the first nine months of 2019, compared to a surplus of 2.53 billion noted in September 2018, according to the Finance Ministry (MoF) budget execution bulletin for the month.
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EconomyMacroeconomy
Budget primary surplus at 4.48 bln in September The budget primary balance recorded a surplus of 4.48 billion euros in the first nine months of 2019, compared to a surplus of 2.53 billion noted in September 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Tuesday.
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EconomyMacroeconomy
General govt primary cash surplus at 4.35 bln in Aug, arrears up by 270 mln Greece’s general government (gg) primary cash surplus came to 4.35 billion euros in the first eight months of the year, up by 713 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyBanking
Banks highlight areas of concern in talks on NPL scheme The Finance Ministry has redoubled its efforts to get over the line the Asset Protection Scheme (APS), codenamed Hercules, that is meant to help Greek systemic lenders reduce the stock of NPEs on their books by up to 30 billion euros through state guarantees on securitisations.
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EconomyProgramme
Fourth review talks conclude with fiscal differences remaining The talks between the Greek authorities and the heads of institutions concluded on Wednesday as the fourth post-programme moves on to the next stage.
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EconomyMacroeconomy Budget primary surplus confirmed at 2.91 bln in August The budget primary balance recorded a surplus of 2.91 billion euros in the first eight months of 2019, compared to a surplus of 1.12 billion noted in August 2018, the Finance Ministry (MoF) budget execution bulletin confirmed on Wednesday.
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EconomyProgramme
Second day of review yields progress, work needed on fiscal front The Greek authorities and the heads of the institutions completed the second day of talks in Athens that left fiscal issues for 2020 still open, although it was not anticipated that the matter would have been settled on this trip, ahead of the draft budget that is due to be tabled to Parliament on October 7.