Greece
Business
Greece Expected to Return to Primary Surpluses in 2022
Greece will return to primary surpluses beginning in 2022 after reporting higher primary deficits and public debts in 2020, the International Monetary Fund said in its "Fiscal Monitor Report," released on Wednesday.
The IMF based its 2020 forecasts on the...
Economy
2019 Greek Budget Records Primary Surplus of Almost €5 Billion
The Greek state budget recorded a primary surplus of 4.96 billion euros in 2019, up from a budget surplus target of 4.4 billion and a primary surplus of 91 million euros in the same period in 2018, the Finance Ministry said...
Economy
Greece to Ask Creditors for Lower Primary Surplus Targets in 2020
Greece will be able to ask its creditors to lower the primary surplus targets and plans to do so in 2020, Finance Minister Christos Staikouras said in a debate on the 2020 state budget in Parliament on Saturday.
"To reduce...
Economy
2019 Greek Primary Surplus Exceeds Target By Several Billion Euros
The Greek state budget recorded a primary surplus of 5.755 billion euros in the period from January-October, significantly exceeding budget targets for a surplus of 2.314 billion euros in the same period, the country's General Accounting Office said in...
Economy
Greek Primary Surplus Continues to Exceed Targets Despite Tax Cuts
The Greek state budget recorded a primary surplus of 4.479 billion euros in the January-September period over budget targets, for a surplus of €1.467 billion, the country's Finance Ministry announced on Tuesday.
There was a primary surplus of 2.523 billion euros...
Economy
ESM Chief Regling Says Greek Primary Surplus Targets Could Be Reduced
Chief of the European Stability Mechanism (ESM) Klaus Regling indicated on Friday that the European Institutions might consider reducing Greece's primary surplus targets beginning in 2021.
Speaking during a press conference just before the crucial Eurogroup meeting coming up in...
Economy
IMF Calls for Review of Greece's High Primary Surplus Targets
The International Monetary Fund (IMF) agrees with the recent opinion expressed by Christine Lagarde in the European Parliament concerning the need to review the high primary surplus targets for Greece, IMF spokesperson Gerry Rice said on Thursday.
This view reflects...
Economy
Next ECB President Lagarde In Favor of Reducing Greece's Primary Surplus Targets
Christine Lagarde, the current Chairman of the International Monetary Fund (IMF) and the next President of the European Central Bank (ECB) suggested on Wednesday that Greece's commitment to a primary surplus target of 3.5 percent of GDP should be...
Economy
Report Shows Greece's January-July Primary Surplus Surprisingly High
According to a report issued on Friday by Greece's Finance Ministry, the Greek state budget recorded a primary surplus of €1.779 billion in the period from January-July.
This is a large increase over a primary deficit budget target of €803...
Economy
Bank of Greece Forecasts 1.9% Growth for 2019 and Lower Primary Surplus
The Bank of Greece published its interim report on Monetary Policy on Monday, where it highlights some interesting projections for the future of Greece’s economy.
The central bank estimates that the country's gross domestic product (GDP) will grow by 1.9...
Economy
Greek Budget Primary Surplus Up by €1.105 Billion Over Last Year
The Greek state budget recorded a primary surplus of €6.435 billion ($7.315 billion) in the ten months between January and October 2018, exceeding a target of €4.749 billion ($5.397 billion). The new figures also show a surplus of €5.330...
Economy
Greek Parliament Report: 'Primary Surplus To Reach 4.5 Per Cent in 2018'
Greece's economic surplus for the year 2018 may significantly exceed targets, reaching up to 4.5 per cent of the country's GDP (ahead of its target of 3.5 per cent), according to a report presented on Tuesday by the Parliament's...
Economy
EU to Decide How Greece's Primary Surplus Should be Used
Greece's budget for 2019 will be assessed by creditors who will decide how the surplus will be spent, Eurogroup President Mario Centeno announced on Monday.
Centeno, speaking at a press conference after the meeting of eurozone finance ministers, said that...
Economy
IMF on Greece: 3.5 pct Primary Surplus, No Pension Cuts Postponement
The International Monetary Fund (IMF) released its renewed Fiscal Monitor for October.
There, the fund revised Greece’s 2019 growth rate upwards and accepted that it made a mistake regarding the last year's Greek primary surplus.
The IMF had predicted that Greece...
Economy
Greek Budget: Primary Surplus Higher Than Target for January – August Period
The Greek state budget showed a primary surplus of €3.157 billion ($3.718 billion) in the January-August period, down from a primary surplus of €3.544 billion ($4,174 billion) in the same period last year, but up from a budget target...