deficit Archives - Keep Talking Greece

Greece ‘s trade deficit down 21.9% in January

March 10, 2023 Economy Comments Off on Greece ‘s trade deficit down 21.9% in January

The Greek trade deficit shrank by 21.9% in January 2023 as the increase in the value of exports was around six times more than the growth rate of imports. According to a report on merchandise trade by Hellenic Statistical Authority on Friday, the value of imports totaled 6.827 billion euros …

Greece’s Primary Budget Deficit at 9.063 bln euros in Jan-July

August 25, 2021 Economy Comments Off on Greece’s Primary Budget Deficit at 9.063 bln euros in Jan-July

Greece’s primary budget deficit in the first seven months of this year amounted to 9.063 billion euros, compared to a target for a primary deficit of 9.602 billion euros and a primary deficit of 7.463 billion euros for the same period in 2020. According to the data from the General …

Greek state budget deficit 2020 at €22.8bn; lower than expected, says Finance Ministry

January 18, 2021 Economy Comments Off on Greek state budget deficit 2020 at €22.8bn; lower than expected, says Finance Ministry

Greek state budget recorded a lower than expected deficit in 2020 offering a breathe as the ministry tries to implement its fiscal policy in 2021, the Greek Finance Ministry said on Monday. A report said the budget deficit totaled 22.808 billion euros in 2020, down 1.5 billion from budget provisions. …

Greek state budget records €7.008 billion primary deficit Jan-Sept 2020

October 15, 2020 Economy Comments Off on Greek state budget records €7.008 billion primary deficit Jan-Sept 2020

The Greek state budget recorded a primary deficit of 7.008 billion euros in the January-September period, from a budget target for a primary surplus of 2.568 billion euros, reflecting the significant impact of the pandemic. “September revenues were significantly down because of measures to suspend tax payments because of the …

Greece’s budget records primary deficit of €8.199bn in Jan-July

August 12, 2020 Economy Comments Off on Greece’s budget records primary deficit of €8.199bn in Jan-July

The Greek state budget recorded a primary deficit of 8.199 billion euros in the January-July period, against a surplus target of 1.166 billion euros, reflecting the impact of the repercussions of the coronavirus pandemic on the economy. The preliminary budget execution figures for the seven-month period showed a deficit of …

Speculation Turkey may seek IMF bailout, impose capital controls

August 7, 2018 Economy Comments Off on Speculation Turkey may seek IMF bailout, impose capital controls

Speculation is high that Turkey may seek a bailout from the International Monetary Fund and possibly also impose capital controls after the Turkish Lira lose big towards the US dollar. Recent fluctuations in foreign exchange markets, which cannot be explained on economic grounds, will ease sooner or later, ruling Justice …

“The taverna owner looked at me as if I was a fresh lobster”: Greece’s import data & production deficit

July 31, 2017 Economy 5

Official data on Greek imports for 2016 have once again shone a spotlight on Greece’s production deficit. Although a maritime country Greece spent €434 million on fish import. Although it had and still has a flourishing cotton cultivation, if spent €659.8 million to import cotton. What’s the problem with Greece? …

Commission to soon recommend end of excessive deficit procedure for Greece

June 21, 2017 Economy Comments Off on Commission to soon recommend end of excessive deficit procedure for Greece

The European Commission will recommend that Greece is removed from the excessive deficit procedure (EDP), European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Wednesday. Moscovici, amongst Athens’ most vocal supporters on the European stage, referred to impressive efforts to keep deficits down and post memorandum-mandated primary budget …

FM Kotzias: “We have a deficit of leadership in the EU” many crises stem from this problem

March 17, 2017 Politics, World 12

“In the EU, we have a deficit in leadership,” Greek Foreign Minister Nikos Kotzias said in an interview with the US magazine National Interest. His remarks about Germany, Turkey, Russia, the refugee crisis and the conflict in Syria are “noteworthy for their clear stands,” the magazine notes. With the European …

Greece missed its deficit target for 2010 – but not much :)

March 16, 2011 Economy Comments Off on Greece missed its deficit target for 2010 – but not much :)

The Greek government has narrowly missed its deficit target for 2010, reporting a shortfall of 23.1 billion euros for the year. The figure was announced by the Finance Ministry’s General Accounting Office on Tuesday, compared with the €21.9 billion target included in this year’s state budget. The agency said the …

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