primary surplus

Jens Weidman, chairman of the Bundesbank and board member of the European Central Bank (ECB), made it crystal clear that there is no possibility of a further haircut of Greece’s debt. He said that Athens is obliged to make...

German Chancellor Angela Merkel noted progress and stability in Greece and Cyprus. Merkel also referred to positive evolution in Portugal, while she congratulated Ireland and Spain, which managed to complete their efforts. Generally, Merkel talked about some countries of...

According to data presented by the Ministry of Finance, on Thursday, the Greek primary budget surplus is amounting to  2.67 billion euros ($3.68 billion) for the first 11 months of the year, remaining on track to meet annual fiscal targets. As...

According to the German magazine “Focus,” Greece has a negotiation advantage over its creditors this time. In the related article, Robert Halver, an analyst of Baader Bank, estimates that “the next loan installment to Greece will surely be approved...

Even though Greek lawmakers have passed the 2014 budget which shows a primary surplus, the partners and lenders don't seem to be convinced of the data presented. In fact, they believe that the numbers shown are phony and don't...

Mr. Christos Staikouras noted that the first signs of escalation of the tax burden are already visible, and this year there were ​​targeted reductions in taxes for the first time. "We strive for more reductions" Mr. Staikouras said, noting that...

The President of the European Commission, José Manuel Barroso, characterized the financial changes and reforms made over the last three years in Greece as really impressive. At the beginning of his speech before the European Parliament plenary session in Strasbourg,...

A “safe feeling” that a primary surplus will be achieved in 2013 as planned, was expressed by the Greek Deputy Minister of Finance, Christos Staikouras, who said so because of the optimistic signs of recovery and strict monitoring. Public revenue...