About: http://data.cimple.eu/news-article/021812f03946ba9d7e6bbd207bcfe33c3a4d10b80aaf52491021e615

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/021812f03946ba9d7e6bbd207bcfe33c3a4d10b80aaf52491021e615 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Greek Prime Minister Kyriakos Mitsotakis on Thursday said his country, recovering from a decade-long debt crisis, wanted more freedom to manage its annual primary surplus. "If we overperform in one year, let it count towards the next year," Mitsotakis said at the Davos economic forum. "We don't have a smoothing mechanism for our primary surplus. So if we deliver a bigger primary surplus, as we will in 2019, there's no way for me to carry it over to the next year." "It doesn't make any sense whatsoever. Then my incentive is to spend it at the end of the year. That's not serious fiscal policy," Mitsotakis said. Under the terms of its final bailout, negotiated by the previous leftist government, Greece must produce a primary budget surplus of 3.5 percent of GDP until 2022 and of 2.2 percent of GDP on average to 2060. Primary budget surpluses exclude government debt interest payments. In its latest budget, Athens forecasts a primary surplus of just over 3.5 percent of GDP in 2020. Elected in July on a ticket of tax cuts and growth, the conservative Mitsotakis has vowed to renegotiate the 3.5 percent target. Athens is "on a good path to convince our creditors to relax our fiscal targets for 2021," he said Thursday. Mitsotakis also insisted Thursday there was "no real issue" regarding Greece's long-debated debt sustainability. "We're sitting on close to 40 billion (euros) on cash reserves," he said, referring to a sum largely gathered by the previous government through high taxation believed to have contributed to their electoral loss. "Our debt may be high in objective terms but if you look at our repayment schedule until 2032 it's extremely benign," the PM said. Greece aims to borrow between 4.0 and 8.0 billion euros ($4.4-9 billion) in 2020, following a year that saw the country's once-soaring credit rates drop into negative territory. The Greek public debt agency says the country's total debt burden is expected to decrease from 181 percent of GDP (335 billion euros) in 2018 to 173 percent of GDP (329 billion) in 2019. jph/jh
schema:headline	Greece says wants wriggle room on debt management
schema:mentions	Government budget balance Athens Bailout Government debt Greece Prime Minister of the United Kingdom Gross domestic product World Economic Forum Greek government-debt crisis Fiscal policy Kyriakos Mitsotakis
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-01-23 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	57 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software