Police in Greece has ramped up security around potential Israeli targets and increased its presence around the Embassy of Israel in Athens in light of the ongoing war in the Middle East. State security and intelligence services are also involved in the operation, which apart from Israeli missions or businesses …
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Greece among 7 allies to meet NATO spending target in 2022
Greece was among seven out of 30 allies to meet NATO’s military spending target of 2% of GDP in 2022, one country less than in 2021 before Russia’s invasion of Ukraine, according to the alliance’s annual report for 2022. Speaking ahead of the launch, NATO chief Jens Stoltenberg urged allies …
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Greece’s budget revenue exceeded targets in 2021
The Greek state budget revenue exceeded targets in 2021, totaling 59.24 billion euros, up 2.1% from targets, while budget spending was down by 420 million euros compared with 2020, the finance ministry said on Monday. In a report on provisional budget execution data, the ministry said that tax revenue was …
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Turkey targets Greek Orthodox, Jewish & Armenian religious leaders
Τhe Ecumenical Patriarchate in Istanbul has expressed its deepest concern after Ecumenical Patriarch Bartholomew has been targeted by a Turkish pro-islamist magazine. Magazine “Gerçek Hayat” has claimed that members of minority communities and Greek Orthodox and Jewish religious leaders were supporters of Fetullah Gulen, Ankara considers as the mastermind behind …
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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 is rushing to meet privatization targets before bailout deadline
Greece is in a hurry to sell some of its state assets, in what is one of the most critical issues for the country as it races to end a bailout program in August. Greece is set to hit lower-than-expected proceeds under a privatization program this year, after it failed …
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PM Tsipras: “Not the end of the world if IMF doesn’t participate in Greek program”
“It is not the end of the world if the International Monetary Fund will not take part in the Greek program, Prime Minister Alexis Tsipras said on Monday. “Greece is at the end of a difficult course,”Tsipras said addressing the parliamentary group of SYRIZA. He added that the government will …
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Budget 2018: Record primary surplus, stunning growth via €2.2billion cuts and new taxes
Greece’s government submitted the Budget 2018 to the Parliament late Tuesday. The Budget 2018, the last ‘bailout’ budget, targets a record primary surplus of 3.82 percent of GDP and a stunning growth rate of 2.5%. How will these will be possible? With 2.2 billion euros in new taxes and welfare …
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Greece targets €6 billion revenues from privatizations in 2017-2018
Greece aims to raise 6 billion euros in privatization revenues through 2018, the head of its privatizations agency said on Thursday. Chairwoman Lila Tsitsogiannopoulou told reporters Greece was targeting 2 billion euros from privatizations this year and about 3.5 billion next year from the sale of stakes in telecoms group …
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Greek Public Order Minister: “Terrorists targeted Olympiakos FC President, Shipowner, Siemens, Nea Dimokratia…”
Anti-terror Police managed a big blow against terrorists planning several attacks, Greek Minister for Public Order, Vassilis Kikilias, said on Thursday. In a joint press conference with the chief of Greek Police, the minister revealed that prominent shipowners, offices of multinational companies and political parties as well as the President …
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Greek Parliament budget office: primary surplus targets are much too optimistic
“Primary surplus targets are much too optimistic,” says the budget office of the Greek Parliament with reference to the mid-term economic plan issued last week. In the report released on Friday, the budget office urges the ‘downwards revision of the primary surplus targets” and “the discussion on debt relief to …
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IMF Official’s Statement “Greece will Need 3. Bailout” Angers Greek FinMin and the IMF
The statements of Greece’s representative to International Monetary Fund annoyed Athens. “Greece will need a third bailout” Thanos Catsambas said in an interview to Wall Street Journal published on Thursday. Prompt was the angry answer by Finance Minister Yiannis Stournaras to said – more or less -Catsambas has nothing to say …
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Greek Government’s Targets to Re-Negotiate Bailout Programme
Greece’s coalition government of Nea Dimocratia, PASOK and Democratic Left published its joint programme aiming to undo some austerity measures. Measures demanded by the Troika of IMF/EU/ECB and have been signed by Samaras in the second bailout agreement. The ambitious programme aims at tax cuts, extra help for the poor and unemployed, …
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