Tag Archives: Staikouras

Greece plans to provide as much as 9 billion euros in state guarantees to help its banks reduce a mountain of soured debt weighing on their balance sheets, Bloomberg and Handelsblatt report. The money will be given from the “buffer” of nearly 40 billion euros from taxpayers money. Greek banks …

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Greece has officially launched the process for the early repayment of the loan to the International Monetary Fund (IMF). On Monday Finance Minister Christos Staikouras signed the letters to be sent to the European Stability Mechanism (ESM) and the Eurogroup, presenting Greece’s plan for an early repayment of part of …

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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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The government plans to launch online bookkeeping, Finance Minister Christos Staikouras revealed on Thursday. The platform is to slowly be launched as of the last quarter of 2019 and be in full operation by 2020. All businesses and freelancers can fill-in their tax books electronically and directly in the TaxisNet …

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Deputy Finance Minister Christos Staikouras announced the  tax reduction for companies and households in the debt-ridden and austerity-hit Greece. In an interview to daily Typos tis Kyriakis Staikouras heralded the Greek fiscal progress in lenders’ imposed austerity program and said that “meeting of the objectives launches the tax rates reduction.” …

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It’s a matter of calculation method. And according to Eurostat method, the primary surplus of the general government will be much higher that expected. Speaking to the parliament on Monday afternoon, the Deputy Finance Minister, Christos Staikouras confirmed that the 2013 primary surplus is likely to exceed expectations. Specifically, the …

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Greek Finance Ministry unveiled the draft Budget 2014 on Monday. In the ambitious draft, Athens predicts recession at 4% from 4.6% originally foreseen. A much better figure when compared to 6.5% of 2012. Deputy finance Minister, Christos Staikouras who presented the draft budget, said that the primary surplus will be …

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The impossible became possible. Thanks to efforts of the Samaras’ coalition governments, of course. For the first time, Greek finance ministry a primary budget surplus of 1.5 billion euro. “Figures ‘make the goal of achieving a primary general government surplus by the end of the year increasingly feasible,’ says Alternative …

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SSSS-U-rrr-P-R-I-S-E! Greek deputy finance minister Christos Staikouras admitted that “the Greek debt is not sustainable and its relief will require negotiation.” In an interview to weekly Parapolitika, Staikouras said: “The public debt has been gaining strong increasing dynamics, whether in absolute levels or in relation to GDP, the debt is …

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Greek Finance Ministry tries to estimate the amount Germany should pay to Greece as reparations for damages, atrocities and enforced loans during the World War II, alternate Finance Minister Christos Staikouras briefed the Parliament. According to estimations of the team in charge of the case, the amount for reparations reaches almost …

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Greeks are getting more and more angry. Each and every day fresh adrenaline shot drive high blood pressure, heart beats and deep rooted frustration. They need just a tiny spark to explode. Reason for this boiling mood are the upcoming additional austerity measures, the so-called “spending cuts” worth 11. billion euro. So far, no public …

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