The primary surplus stood at 1.6 billion euros in the five-month period January-May compared to 2.9 billion euros in the corresponding period last year. According to the Bank of Greece, the central government cash balance recorded a deficit of 537 million euros compared to a deficit of 1.920 billion euros …
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Greek state budget primary surplus at €5.596 billion an-Aug
The Greek state budget showed a primary surplus of 5.596 billion euros in the January-August period, from a budget target for a surplus of 2.314 billion and after a primary surplus of 19 million in the corresponding period in 2022, the finance ministry said in a report on Monday. More …
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Greece’s state budget primary surplus at 3.5% of GDP in 2019
Greece’s state budget recorded a primary surplus of 3.5% of GDP in 2019,European Statistics authority Eurostat said in a report released on Wednesday. According to the report, the general government recorded a surplus of 1.5% of GDP or 2.7 billion euros in 2019. The primary surplus based on excessive deficit …
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Eurogroup: Greece no longer bound to 3.5% primary surplus target in 2020
Finance Minister Christos Staikouras said that Greece is not longer bound by 3.5% primary surplus target for 2020, following the decisions made at the Eurogroup teleconference meeting on the economic response to the coronavirus pandemic. “Today’s decisions fully meet Greek positions and priorities,” Staikouras said late on Monday. He stressed …
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EU opens window for reduction of Greece’s primary surplus targets
The European Commission is believed to be supportive to the reduction of Greece’s primary surpluses, EU Economy Commissioner Paolo Gentiloni said during a meeting with Prime Minister Kyriakos Mitsotakis is Athens on Thursday. “I believe that the European Commission is certainly supportive of the start of this discussion. The decision …
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Bank of Greece: “Greece’s economy gradually returns to normality”
“Greek economy is gradually returning to normality,” the governor of Bank of Greece, Yannis Stournaras, said on Tuesday. Briefing the Parliament about the BoG interim report on Monetary Policy 2019. Among others, he stressed the need to deal with the high rates of non-performing loans and to reduce the primary …
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Greece’s state budget records €4.96bn primary surplus in 2019
The Greek state budget recorded a primary surplus of 4.96 billion euros in 2019, up from a budget target for a surplus of 4.4 billion and a primary surplus of 91 million euros in the same period in 2018, the finance ministry said in a report on Wednesday. The report, …
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Greece among the 9 EZ countries compliant with Stability & Growth Pact
European Commissioner Vice President Valdis Dobrovskis slightly opened the window for a possible decrease of primary surplus targets for Greece. “If we see clearly positive trends in debt sustainability analysis, this can be reflected in the primary surpluses, as these two are closely linked,” he said in Brussels on Wednesday. …
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Greek state budget primary surplus at €5.755 billion in Jan-Oct
Greek state budget showed a primary surplus of 5.755 billion euros in the January-October period, significantly exceeding a budget target for a surplus of 2.314 billion euros and a primary surplus of 3.811 billion in the same period last year, the Finance ministry said in a report on Monday. The …
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Greece’s budget primary surplus at €4.479 billion Jan-Sept 2019
Greece’s state budget recorded a primary surplus of 4.479 billion euros in the January-September period from a budget target for a surplus of 1.467 billion and a primary surplus of 2.523 billion euros in the same period last year, the finance ministry said on Tuesday. n a report on provisional …
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Greece’s state budget: Primary Surplus at €2.9 billion in Jan-Aug 2019
The Greek state budget showed a primary surplus of 2.903 billion euros in the January-August period, up from a budget target for a primary deficit of 272 million euros and a primary surplus of 1.124 billion euros in the same period last year, the finance ministry said on Monday. The …
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ESM opens way for discussion to reduce primary surplus in 2020
Head of the European Stability Mechanism (ESM), Claus Regling, has paved the way for reduction of the primary surplus and welcomed Greece’s intention to repay the IMF loan earlier than planned. Following the Eurogroup meeting on Friday, Regling said that if the growth rates of the Greek economy were higher …
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IMF: High primary surplus targets a “drag” for Greece’s economic recovery
The International Monetary Fund (IMF) agrees with the opinion expressed by Christine Lagarde in the European Parliament concerning the need to review the high primary surplus targets for Greece, IMF spokesperson Gerry Rice said on Thursday. This view reflects the IMF’s standing position on this issue in recent years, he …
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Lagarde: Greece’s primary surplus at 3.5% is excessive, should be reviewed
The future President of the European Central Bank, Christine Lagarde, suggested that the Greece’s commitment to a 3.5% of GDP primary surplus target is “excessive” and should be reviewed. Lagarde made this statement during her hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels …
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Greece’s state primary surplus at 1.763 bln euros in Jan-July
The Greek state budget recorded a primary surplus of 1.763 billion euros in the January-July period, from a budget target of a primary deficit of 803 million euros. The primary surplus was 926 million euros in the same period last year, the finance ministry said on Monday. The ministry’s report …
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Greece’s budget records a primary surplus 4.4% of GDP in 2018
The Greek economy recorded a primary surplus of 4.4 pct of GDP, or 8.149 billion euros, in 2018, Hellenic Statistical Authority said in a report sent to Eurostat in the framework of the excessive deficit procedure. The statistics service confirmed that the government exceeded its goals for a primary budget …
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Greek state budget recorded a primary surplus of €.460 billion in Q1 2019
The Greek state budget showed a primary surplus of 1.460 billion euros in the January-March period, up from a budget target for a primary surplus of 960 million, but down from a surplus of 1.879 billion euros in the corresponding period in 2018, the Finance ministry said in a report …
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Target missed: Greek state budget primary surplus of €3.162bn in 2018
Greek state budget recorded a primary surplus of 3.162 billion euros in 2018, down from a budget target for a surplus of 3.604 billion but sharply from a primary surplus of 1.940 billion in 2017, the Finance ministry said on Monday. The ministry report said that according to provisional budget …
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Greece’ state budget shows mammoth primary surplus €6.46bn Jan-Oct
Greece’s state budget showed a primary surplus of 6.46 billion euros in the January-October period, up from a budget target for a surplus of 3.584 billion euros and up from a primary surplus of 5.33 billion euros in the same period last year, the Finance Ministry said in a report …
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Greece’s primary budget surplus in 2017 at 4.14% of GDP
Greece’s primary budget surplus reached 4.14 percent of gross domestic product last year, based on the terms of the country’s economic adjustment program, according to Finance Ministry officials. Earlier, the Hellenic Statistical Authority said in a report that the Greek general government recorded a primary surplus of 3.9 pct of …
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