Greece

  The Greek state budget recorded a primary deficit of 6.101 billion euros in the first half of 2020, from a budget target for a primary surplus of 313 million euros and after a primary surplus of 381 million in...

The optimistic outlook about the future of Greece's economy after S&P's upgrade on Friday continues with good news on two fronts: Greek short-dated bond yields and the country's account deficit. Short-dated government bond yields fell on Monday following a decision...

The central government cash balance recorded a deficit of 4,434 million euros in 2017, from a deficit of 3,569 million euros in the previous year, the Bank of Greece said in a report released on Thursday. During this period, ordinary...

There is currently an "excessive social deficit" in Europe that is not being adequately addressed, Greece's Prime Minister Alexis Tsipras said, in a press conference after the end of the European Council in Brussels. "We cannot just announce measures, such...

The European Council said on Monday that Greece's deficit is below the reference point of 3% of gross domestic product, and the country can exit the bloc's 'excessive deficit procedure' (EDP). EDP is an action launched by the European Commission...

The European Commission on Wednesday recommended closing the Excessive Deficit Procedure for Greece, saying the three times bailed-out country has made substantial efforts in recent years to consolidate public finances. EU rules demand that governments keep their budget deficits within...

In February 2017, the current account showed a deficit of €937 million, up by €109 million year-on-year. This development is attributable to an increase in the deficit of the balance of goods, which more than offset a rise in...

Greece's central government cash balance recorded a deficit of 1.144 million euros in the period from January-September 2016, compared to a deficit of 2.499 million in the same period in 2015 according to figures by the Bank of Greece...

The Greek trade deficit widened sharply by 88.9 percent in July as imports grew 18.2 percent and exports fell by 3.4 percent in the month, according to figures released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. The statistics service,...

Greece's Supreme Court on Monday partially revoked a decision to drop charges against Andreas Georgiou, the former head of Greece's independent Statistics Agency ELSTAT, for presenting artificially inflated figures for Greece's deficit in 2009. The court accepted a motion filed...

The trade deficit in Cyprus has registered higher for the period of January to February 2016, as compared to the same period in 2015. Specifically, trade deficit on the island was 465.7 million euros for 2016, while in 2015 it...

The insurance funds’ deficit has reached 13.88 billion euros and it is threatening the pensions of Greek citizens. Out of the total 1 billion euros came from delayed lump sums, as well as main and supplementary pensions that the...

Greek central government cash balance recorded a deficit of 954 million euros in the January-October period this year, compared to a deficit of 2,250 million in the same period in 2014 the Bank of Greece said on Monday. The central...

Greek state budget for the period January-October 2015 showed a 808-million-euro deficit after a preliminary estimate. However, the deficit for the same period in 2014 was 2,448 million euros, while the revised target for the 2016 draft budget is estimated...

The Greek Finance Ministry has revealed the extent of the Greek budget deficit for the first nine months of 2015. According to the budget data, the deficit from January to September 2015 amounted to 1.904 billion euros, while preliminary estimates had anticipated a deficit of 3.737 billion...