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About: http://data.cimple.eu/news-article/8dd9f2be8b5376ee18f832d1f456ae02701b1d6d2fd35f9faaa51459 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Greek lawmakers on Tuesday approved a 2021 budget built around weaker forecasts for a rebound from the coronavirus pandemic, which also includes cash for buying new fighter jets from France. Latest projections see the Greek economy slumping 10.5 percent this year, worse than the 8.2 percent predicted in October. Meanwhile the 2021 rebound should see 4.8 percent expansion, down from a previous forecast of 7.5 percent. After weathering the first wave of the pandemic better than most European countries, Greece in early November resorted to a nationwide lockdown that has weighed on activity and is now expected to last until January 7. The economy had returned to growth in the third quarter, following a 14-percent quarter-on-quarter slump in April-June that was the worst in at least 25 years. Greece faces "unprecedented circumstances, with uncertain facts and the end of the crisis unknown," Prime Minister Kyriakos Mitsotakis told lawmakers before the vote. But as inoculations get under way around the world, with the European Union expected to soon follow suit, he added that "the vaccine is the boundary between the end of the pandemic and the preface of the post-covid era, and the budget is adapted to these conditions". Planning to spend 24 billion euros in 2020 and 7.5 billion next year to cushion the economy from the impact of the virus, Greece's debt-to-GDP ratio should climb to around 209 percent before falling back below 200 percent. The massive outlays will see the country book deficits in its primary budget balance -- which excludes debt servicing -- in both years. Alongside the pandemic, heightened tensions with Turkey over energy exploration in the eastern Mediterranean have prompted Greece to more than double defence spending, to 5.5 billion euros ($6.7 billion). Included in the planned splurge on new equipment are 18 French Rafale fighter jets, which will cost 1.5 billion euros next year from a total of 2.5 billion. Lawmakers are expected to approve the deal in the coming days, while French Defence Minister Florence Parly will sign the contract in Athens next week. Pilots will begin training in France in early 2021, while the first six planes -- used models -- will arrive in Greece by July, defence ministry officials said. ns-chv/tgb
schema:headline	Greek budget foresees weaker recovery from virus-hit 2020
schema:mentions	The Massive (comics) Debt-to-GDP ratio Mediterranean Sea World energy consumption Prime Minister of Italy Athens French language Dassault Rafale Greece Fighter aircraft Turkey Lockdown Pandemic France Virus Vaccine United States Severe acute respiratory syndrome coronavirus 2 Economy of Greece Weathering Splurge French Defence Florence Parly Kyriakos Mitsotakis
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-15 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	68 (xsd:integer)

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