primary surplus

Greek authorities on Tuesday reported a primary surplus of 707 million euros in the first five months of 2014. The Ministry of Finance, in a report on the final figures of budget execution, said that the state budget reported a...

According to provisional data on the Greek national budget, the deficit on the first five months of 2014  is 1.985 million euros, compared to 3.843 million euros on the same period in 2013.  The figure surpassed the government's expectations, since the...

German Finance Minister Wolfgang Schäuble has acknowledged Greece’s progress but underlined that, unless Greeks continue their efforts, they won't achieve their goals. To accomplish that, he pointed out, Greeks should not get carried away by irresponsible promises from politicians. According to Schäuble, Greece...

Credit-rating agency Moody's upgraded Greek banks on Tuesday from negative to stable and stated that the country's economy will start recovering and return to growth this year after six years of recession. "The outlook for the Greek banking system has been changed to...

The European statistics service, Eurostat, is expected to confirm a Greek primary surplus for 2013, on Wednesday. Eurostat estimates that the primary surplus will reach 3.4 billion euros while the Troika estimates that it will amount to 1.5 billion...

The Greek State budget showed a primary surplus of 221 million euros during the first two months of 2014, according to data from the Bank of Greece. According to these figures, at the central government level the result was a...

Greece ’s international creditors in Europe and Washington estimate that besides the loan of 10-20 billion euros currently under negotiation, the Greek economy will need further financial support in order to stay afloat by 2016. Troika officials have estimated that...

The German economist and former member of the European Commission’s Task Force for Greece, Jens Bastian proposes an international summit for the Greek debt, similar to the one organized in 1952, which will link the debt’s “haircut” with certain...

The Greek Deputy Finance Minister, Christos Staikouras reported on Tuesday, that the Greek government posted a primary budget surplus of 700 million euros for 2013, which was a key target set by the country's foreign creditors in order to examine...

Greek bonds returned almost four times as much as any other government securities this year as the nation that sparked Europe’s sovereign debt crisis moved toward economic recovery after six years of contraction. Greece’s 47 percent year-to-date return was the...