Christos Staikouras
Talks on primary surplus target revision to start in year’s first half
Finance Minister Christos Staikouras presented the government's priorities for 2020 at Monday's Eurogroup meeting in Brussels, mentioning Athens' request for a primary surplus reduction for 2021 and 2022, an issue eurozone sources say will start being debated in the year's first half.
Primary surplus target revision to start in year’s first half
Finance Minister Christos Staikouras presented the government's priorities for 2020 at Monday's Eurogroup meeting in Brussels, mentioning Athens' request for a primary surplus reduction for 2021 and 2022, an issue eurozone sources say will start being debated in the year's first half.
Finance minister sets 2020 goals at first bourse session
Greece's Finance Minister Christos Staikouras set a number of goals for the economy in 2020, including achieving a high and sustainable growth, before he rang the opening bell in the first session of the Athens Stock Exchange on Thursday.
Finance Ministry examines solidarity levy reduction scenarios
The Finance Ministry is considering various alternative scenarios for the upcoming reduction of the solidarity levy. According to a top ministry official, the fiscal leeway to emerge will determine not only the degree of the levy's reduction but also the timing of its implementation.
Japanese boost to Greek credit rating
Japanese rating agency "Rating and Investment Information" (R&I) on Monday delivered a considerable vote of confidence in the prospects of the Greek economy, upgrading Greece by two notches to BB with a stable outlook. This has brought Greece within two notches from investment grade.
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Social dividend expansion to 1 million people
This month's budget spending on the "social dividend" is seen reaching up to 200 million euros, against the announced 175 million, as the government is examining the possibility of expanding the number of recipients of the handout from the primary budget surplus overrun.
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New IMF repayment being planned
Greece is considering the repayment of an additional 2 billion euros of its dues to the International Monetary Fund, on top of the 2.7 billion euros it repaid last month.
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Greece mulls more IMF repayments next year, targets lower surplus
Greece is considering repaying more IMF loans ahead of time next year to offload expensive debt and wants to convince its official lenders to lower its post-bailout fiscal targets, Finance Minister Christos Staikouras told Reuters.
Negotiations with creditors begin on budget and reforms
Negotiations began on Monday between Greek officials and the mission chiefs of the institutions, with the main focus on Greece's achievement of a primary surplus of 3.5 percent of gross domestic product in 2020 in the wake of the recent tax cuts to the tune of 1.2 billion euros announced by Prime Minister Kyriakos Mitsotakis.
Lifting of capital controls signals return to normalcy
In what is seen as a move symbolizing Greece's return to normalcy, Prime Minister Kyriakos Mitsotakis Monday announced the full lifting of capital controls, earlier than the government had initially envisaged.