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EconomyProgramme
Lenders set out key review issues as Athens tables proposals for fiscal space Greece’s fifth enhanced surveillance review formally kicked off on Wednesday when the heads of mission started their meetings with the Greek authorities, following a week of preparatory work by the technical teams.
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EconomyMacroeconomy
Public investment under spotlight amid arguments over budget execution The issue of public investment spending became a point of friction on Wednesday when the deputy minister responsible for fiscal issues claimed the previous government used creative means to make investment spending appear higher at state budget level than it was.
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EconomyMacroeconomy
Budget primary surplus at 4.96 bln in Dec, beating annual target The budget primary balance recorded a surplus of 4.96 billion euros across the twelve months of 2019, compared to a surplus of 91 million noted in December 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Wednesday.
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EconomyMacroeconomy
General govt primary cash surplus at 8.84 bln in November, arrears fall by 195 mln Greece’s general government (gg) primary cash surplus came to 8.84 billion euros in the first eleven months of the year, up by 1.18 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyMacroeconomy
Budget primary surplus confirmed at 6.95 bln in Nov The budget primary balance showed a surplus of 6.95 billion euros in the first 11 months of 2019, compared to a surplus of 4.75 billion noted in November 2018, the final Finance Ministry (MoF) budget execution bulletin showed on Friday.
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EconomyMacroeconomy
Budget primary surplus at 6.95 bln in Nov as expenditure drops The budget primary balance recorded a surplus of 6.95 billion euros in the first eleven months of 2019, compared to a surplus of 4.75 billion noted in November 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Monday.
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EconomyMacroeconomy
October budget primary surplus confirmed at 5.74 bln The budget primary balance recorded a surplus of 5.74 billion euros in the first 10 months of 2019, compared to a surplus of 3.81 billion noted in October 2018, the final Finance Ministry (MoF) budget execution bulletin confirmed on Monday.
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EconomyMacroeconomy
Central government debt down to 353.85 bln in Q3, average maturity stable at 21 years Greece’s central government debt fell by 2.67 billion euros to 353.85 billion euros quarter-on-quarter (QoQ) in the third quarter (Q3) of 2019, from 356.55 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.
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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.