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Budget primary shows deficit of 7.01 bln in September

Mon, 26 Oct 2020 11:18:00 GMT

The 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

Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence

Wed, 24 Mar 2021 15:25:00 GMT

Greece 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

On Portugal, PSI and a national salvation pact

Sat, 18 Jan 2014 11:15:00 GMT

. Based in New York Midtown, on Madison Avenue, the hedge fund decided in the week that Portugal... “Rehabilitating Portugal” precisely the day of the market operation (9 January). Also on the Alphaville blog... of May? From a timing standpoint, the longer Portugal waits to restructure its debt, the higher

The complexities of regaining market access: Could Greece learn from Portugal?

Thu, 09 Jan 2014 19:31:00 GMT

Portugal is trying for the second time in three months to test its capacity to return... for the government of Prime Minister Pedro Passos Coelho. Greece, Portugal’s eurozone peer and fellow.... There are different avenues leading to a country’s return to international bond markets. Portugal’s

General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln

Fri, 06 Nov 2020 11:23:00 GMT

Greece’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

Portugal and Greece: The opposite ends of Europe’s southern periphery

Wed, 11 Nov 2015 11:33:00 GMT

Portugal and Greece are geographically located at the opposite ends of the eurozone’s southern... of Greece for the first time in mid-2010 and Portugal a year later in May 2011, carries... assistance programme in July 2015, and is therefore in a league of its own in the eurozone, Portugal

From the National Energy and Climate Plan to COP26: What has Greek climate policy learned?

Thu, 18 Nov 2021 08:59:00 GMT

pronouncements at the COP26 summit, ongoing negotiations over EU policy instruments, and hints on the content... implementation. Delays have affected the licensing regime for electricity storage (a key enabler for ramping... to subsidise domestic gas boilers and build new regional distribution networks. All of this is important

Budget primary shows deficit of 7.01 bln as revenues suffer in September

Thu, 15 Oct 2020 10:19:00 GMT

The 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

Portugal, market access and programme exit

Mon, 17 Jul 2017 08:07:00 GMT

Portugal kept access to short-term markets during the programme and compensated the small financial... creating confidence in investors. Portugal first issued long-term debt in May 2013 - a few months... be considered. Portugal exchanged a precautionary line for a high level of cash buffer – a decision

Samaras shoots, Samaras scores!

Wed, 25 Jun 2014 11:11:00 GMT

cherished. But Giorgos Samaras, the striker without a club, has beaten premier Antonis to the title... on the principle of self-sacrifice and the current manager, Portugal’s Santos, has stuck to the theory... that also saw them through the game with Ivory Coast. At a time when Greek society is so deeply divided