Greece
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primary surplus

Greece’s Budget Primary Surplus €605 Million Higher Than Same Period Last Year

Greece’s state budget primary surplus was €605 million ($702 million) higher during the first seven months of 2018 compared to the same period last year, the State Budget Office of the Hellenic Parliament announced in a report. The report also...

Greece Commits to Post-Bailout Actions

Greece has committed to five important fiscal actions for after the end of the bailout program in August, while the new omnibus bill to be ratified in parliament on Thursday includes some relief measures for taxpayers. According to a Kathimerini...

Greek Plan Vows to Keep Budget Surplus at 3.5% of GDP Until 2022

  Greece has vowed to keep its primary budget surplus -- the balance before debt servicing -- at 3.5 percent of GDP until 2022 according to a document released describing the country's post-bailout strategy. The 106-page document, which was presented at...

Greece Outperforms Primary Surplus Target for Third Year in a Row

Greece has recorded a primary surplus of 4.0 percent of GDP, or 7.080 billion euros, in 2017, according to data released on Monday by country’s independent statistics agency (ELSTAT). This is the third year in a row that Greece outperforms...

Economist Predicts: In 2029, Greeks will Return to 2009 Incomes

Greeks will have to wait until 2029 so that their incomes return to the 2009 level, predicted economist Panagiotis Petrakis, during the presentation of the Economic Chamber of Greece annual report. If everything goes well, we will have to wait until...

Greece has to Implement 82 Prerequisites for Successful Bailout Review

Greece has to implement 82 "difficult" prerequisites in order to successfully complete the third and fourth review of the bailout program, a Kathimerini newspaper report says. The Supplemental Memorandum of Understanding, and the technical memorandum accompanying it, has specified in...

Tsipras in Parliament: Solid Growth for 2018

Speaking in Greek parliament on Friday, Prime Minister Alexis Tsipras was more optimistic than ever about the country's primary budget surplus in 2017, and the projected growth rate for 2018. "We will close this year with the number 2 in...

Jan.-Sept. Greek Primary Budget Surplus at €4.5 billion, Slightly Below Target

Greece's primary budget surplus of 4.5 billion euros (£4 billion) in the first nine months of the year, is slightly below target due to lower tax revenues, finance ministry data showed on Monday. The government's target was for a primary...

Despite Government Boasting Over Growth, Greeks Get Poorer, Businesses Keep Shutting Down

Greek Prime Minister Alexis Tsipras is packing his bags to leave for the United States for an official meeting with President Donald Trump. With him he will have an entourage of associates and businessmen in order to lure investors to...

IMF: No New Measures for Greece if 2018 Primary Surplus is at 2.2%

The International Monetary Fund is not asking the Greek government to take new measures to cover the fiscal gap that is due to the difference between the Fund's estimates and those of the European institutions regarding the country's primary...