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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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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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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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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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Greece budget primary surplus reaches €3.15billion in Jan-Aug 2018

Greece’s state budget showed a primary surplus of 3.157 billion euros in the January-August period, down from a primary surplus of 3.544 billion euros in the same period last year, but up from a budget target for a surplus of 917 million euros. The Finance Ministry, in an announcement, said …

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Greece’s primary budget surplus reaches €3.1bn Jan-Aug 2018

The primary budget surplus of the Greek state shows a significant over-performance compared to the terms of reaching the annual goal. According to provisional finance ministry data released on Friday, the primary surplus reached 3.139 billion euros in the first eight months of 2018. The goal dictated by creditors was …

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