Christos Staikouras

Greek yields climb as gov't announces plans for new bonds

Greek bonds saw their yields climb as the government announced it plans to improve its yield curve with sales of seven- and 10-year government debt, according to the 2015 draft budget presented on Monday by Alternate Finance Minister Christos Staikouras.

Greek 10-year yields increased nine basis points to 6.44 percent and the 30-year rate climbed seven basis points to 7.06 percent.

Draft 2015 budget unveiled, sees surplus of 2 pct in 2014, 2.9 pct next year

Greece will report a primary budget surplus of 2 percent of national output this year, beating the 1.5 percent of GDP target set in its EU/IMF bailout, the government's draft 2015 budget projected on Monday.

Athens also predicted its economy would exit a six-year recession and grow 0.6 percent this year, in line with previous forecasts.

Pensions audit draws money, finds major fraud

A review of all the pensions being issued by the Greek state which started two years ago in a bid to weed out false claims has resulted in savings of 42.2 million euros, Alternate Finance Minister Christos Staikouras said on Tuesday while presenting the findings of a General Accounting Office census which highlighted hundreds of cases of people claiming the pensions of their dead relatives.

Greece posts primary surplus of 1.95 bln euros in first 8 months of year

Greece recorded a primary surplus of 1.95 billion euros in the first eight months of the year, ahead of a projected target of 962 million euros, Alternate Finance Minister Christos Staikouras said on Friday, noting however that revenues had dwindled slightly due to the postponement of the collection of the first installment of the new unified property tax (ENFIA).

Officials play down rift over layoffs

 Education, Administrative Reform ministry sources say pledges will be honored

Government officials on Thursday sought to play down a rift between Education Minister Andreas Loverdos and Administrative Development Minister Kyriakos Mitsotakis over the possible firing of administrative staff at universities as part of a civil service overhaul demanded by the troika.

Athens finalizes Paris talks goals

 Greek ministers will be looking at timetables, actions and taxes with troika officials at start of September

The Greek government has begun finalizing its negotiating strategy for the imminent talks with troika officials in Paris, setting four clear priorities for the September meeting.

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