primary surplus
Economy
European Parliament President Schulz Conveys His Support of Greece's Position in Meeting with Tsipras
On Thursday European Parliament President Martin Schulz met with Prime Minister Alexis Tsipras where he expressed his full support of the Greek government concerning bailout negotiations, adding that if a problem in the negotiations would occur that it would be a risk to...
Economy
European Finance Commissioner: IMF Makes 'Politically Impossible' Demands of Greece
European Commissioner for Economic and Financial Affairs Pierre Moscovici said that the International Monetary Fund is making "politically impossible" demands of Greece.
In an article he wrote for the Financial Times, Moscovici wrote that Greece has made "unprecedented efforts major...
Economy
Schaeuble Says Greece Should Carry Out Reforms to Become Competitive After Bailout
According to Reuters, German Finance Minister Wolfgang Schaeuble has stated that he believes that Greece can have a more competitive economy once it undergoes the reforms specified by its eurozone lenders.
The statement from Schaeuble came on Monday as the...
Economy
Dijsselbloem Urges European Lenders to Be 'Realistic' in Setting Greece's Fiscal Targets
On Monday the president of Eurogroup, Jeroen Dijsselbloem, told eurozone finance ministers that the time for realistic expectations regarding Greece's fiscal targets is on the horizon as he bluntly stated: "We need to be realistic" about setting expectations for the...
Economy
Dombrovskis on Greek Debt, Primary Surpluses and Growth
European Commission vice president Valdis Dombrovskis, appeared positive over strong growth rates in Greece in 2017, and meeting deficit and primary surplus targets in questions posed by European parliament vice president Dimitris Papadimoulis, during the Economic and Monetary Policy...
Economy
New Debts to the Private Sector Pile Up as Greek Government Repays Previous Debts
While the Greek government has begun to repay its debts to the private sector, new debts are starting to pile up, according to the Finance Ministry.
Based on the data provided, at the end of September the amount of arrears...
Economy
Greek Statistics Authority Lowers Primary Surplus
The Hellenic Statistical Authority (ELSTAT) announced a lower 2015 primary surplus and higher debt than the one initial figures had indicated in data released for the second Excessive Deficit Procedure (EDP) notification of 2016. These figures have been passed...
Economy
IMF Predicts Primary Surplus Will Be Lower Than Expectations of Greece and EC
The International Monetary Fund forecasts a much lower primary surplus for 2017 than the predictions made by the Greek Finance Ministry and the European Commission. In its report, it also called for new measures to achieve these goals. According to its...
Economy
Greek Economy Set to Grow by 2.7% Under Budget Plan
The Greek state budget for 2017 envisages an economic growth rate of 2.7 percent and a primary surplus of 1.80 percent, slightly higher than a target of 1.75 percent of an economic policy program.
The 2017 draft budget tabled to...
Economy
BoG Chief Says Lowering Primary Surplus to 2% From 3.5% Is 'Feasible'
The rise of populism, the anti-EU rhetoric, the refugee crisis, Brexit and the legacy of the Greek crisis are risks to the recovery of the country’s economy, Bank of Greece Governor Yiannis Stournaras said on Friday, while he reiterated...