Greek budget surplus tops €1.5B in 2013


Greece achieved a primary budget surplus - which excludes interest payments - of over €1.5B ($2.1B) in 2013, well above an initial forecast of €344M that was made in October, Prime Minister Antonis Samaras has said.

Greece also achieved the milestone one year ahead of the target set by the international community as a condition for additional debt relief.

ETF: GREK

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Comments (10)
  • Thanos Maroglou
    , contributor
    Comments (45) | Send Message
     
    But at what cost to Greek people? 5 years of depression
    16 Feb 2014, 09:23 AM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    At what cost? what does that matter; they had no choice either deal with depression or suffer the wrath of regression to 3rd world status.
    16 Feb 2014, 12:08 PM Reply Like
  • Jake2992
    , contributor
    Comments (1138) | Send Message
     
    Wigit, Greece is now a third world economy because of austerity. Who cares about their tiny budget surplus?

     

    I would rather leave future generations with a little debt and a vibrant growing economy capable of repaying its debt, than a budget surplus and a third world economy.
    16 Feb 2014, 03:17 PM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    you clearly haven't been to a 3rd world country or you wouldn't be saying that.... I know it may feel like they are in a 3rd world country but honestly they can only claim 1st world problems.
    16 Feb 2014, 04:37 PM Reply Like
  • salvatort
    , contributor
    Comments (421) | Send Message
     
    The Greek economy was neither vibrant nor had "a little" debt before the bailout.
    18 Feb 2014, 09:10 AM Reply Like
  • Thanos Maroglou
    , contributor
    Comments (45) | Send Message
     
    But at what cost to Greek people? 5 years of depression
    16 Feb 2014, 09:23 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11335) | Send Message
     
    (NBG) to shoot higher next week.
    16 Feb 2014, 10:58 AM Reply Like
  • salvatort
    , contributor
    Comments (421) | Send Message
     
    Why do people even believe these fake numbers? The Greek government includes in its primary budget income from interest payments of Greek bonds held by other European countries (such as Germany and Austria), that are returned to Greece. This income is more than EUR 2 billion. Given that the primary surplus/deficit does not include interest payments, how can you subtract them from expenditures and then add them as an income?
    18 Feb 2014, 09:09 AM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    salvatort,

     

    The greeks have but one response "THIS IS SPARTA!"
    18 Feb 2014, 01:13 PM Reply Like
  • instanton
    , contributor
    Comments (123) | Send Message
     
    THIS IS SPARTA - nothing but a heap of rubble.
    18 Feb 2014, 03:10 PM Reply Like
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