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The cat is out of the bag: Europe's politics is a mess

Wed, 20 Jul 2016 07:48:00 GMT

decide to fill this historic moment by waving around a picture of yourself stroking a cat..., it was when he wafted the printout of Larry, the Downing Street cat, in front of British MPs in his last... informed Lisbon that it faced sanctions for failing to bring its budget deficit into line. Spain faces

Newsletter 82 - 15/07/2016

Fri, 15 Jul 2016 13:36:00 GMT

the current monthly limit for dismissals from 5 to 10 percent. Speaking in Parliament on Monday, the Bank.... In absolute terms, Eurosystem funding is at its lowest reading since December 2014. 2 The cat...? No, you decide to fill this historic moment by waving around a picture of yourself stroking a cat

IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact

Tue, 14 Apr 2020 13:36:00 GMT

a double-digit toll on economic activity. The forecast on contraction for this year is at -10 pct.... The crisis is set to deal a major blow to the budget, leading a deficit of -9 pct of GDP this year... Minister Christos Staikouras accepted that recession this year could range from 5 to 10 pct, abandoning

Cat and mouse: Greece and Schaeuble

Wed, 18 Jan 2017 13:22:00 GMT

One of the things that makes children laugh at Tom and Jerry cartoons is the ingenious ways that Jerry finds to set Tom up. But the real punchline, and the most laughter, is generated by Tom’s inexplicable ability to fall for Jerry’s stunts all the time. In the game of cat and mouse between Greece

The first cut is the deepest? Greek pension reforms in context

Thu, 07 Jun 2018 09:12:00 GMT

by 2020, and 10 percent by 2070 as a result of the reforms. While some have questioned the use...’ pensions directly out of the budget rather than through a pension fund. State pensions amounted... a grant, and the state pension as a separate budget item has been all but eliminated. Pension levels

Budget primary deficit to Oct confirmed at 7.18 bln, improving from 9.07 bln last year

Fri, 26 Nov 2021 07:01:00 GMT

The budget primary balance landed at a deficit of 7.18 billion euros up to October 2021, compared with a deficit of 9.07 billion in the same period last year, the final Finance Ministry (MoF) budget... budget by 185 million euros. Expenditure, excluding interest payments and the public investment

General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln

Fri, 04 Sep 2020 11:15:00 GMT

against 1.24 billion euros last year. Overall, the state budget primary balance showed a fall of 9.33 billion euros, landing at a deficit of 7.46 billion euros. The budget primary balance for the same time... tax refund arrears) fell by 10 million compared to June and came to 2.46 billion. Month-on-month

Greece's 2015 budget: A breakdown of all the key figures

Fri, 21 Nov 2014 13:33:00 GMT

The Greek Finance Ministry (MoF) tabled in Parliament the 2015 budget on Friday, with the headline... held with the heads of troika on Thursday, the budget does not have the troika’s approval... (1.8 percent of GDP), lower than the 2 percent incorporated in the draft budget and the 2.3 percent

Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth

Tue, 22 Nov 2016 06:15:00 GMT

Finance Minister Euclid Tsakalotos tabled in Parliament on Monday afternoon the 2017 budget... were included in the draft budget that was tabled on October 3. Fiscal estimates The general..., is expected to reach 1.09 percent of GDP in 2016, higher than both the draft budget estimate of 0.63

Primary surplus inches up to 2.9 pct in Greece's 2015 draft budget

Sun, 05 Oct 2014 07:40:00 GMT

euros. September’s budget execution is expected to be published after October 10. In his interview...Greece's 2015 draft budget to be tabled in Parliament on Monday will forecast a primary surplus... Investment Budget (PIB) revenues (+500 million euros), b) improved fiscal outcome stemming from local