Why EU, IMF and OECD are more optimistic about Greek surplus
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Why EU, IMF and OECD are more optimistic about Greek surplus

**Greek primary surplus: Why international organisations systematically underestimate results**

While the budget statement for 2025 is approaching, the phenomenon of continuous upward revisions is repeated. The primary surplus originally estimated at 2.5% of GDP ends up reaching 5%. The European Commission, the IMF and the OECD start with more optimistic forecasts from Athens, but ultimately fall short of reality. The causes: additional revenue from the fight against tax evasion (3 billion euros in 2024), savings of expenditure and policy strategy to avoid excessive expectations.

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Finally, the superiority of the dollar – the way for «petroyuan»
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Finally, the superiority of the dollar – the way for «petroyuan»

Deutsche Bank foresees a broad weakening of the dollar, with George Saravelos, head of the global exchange strategy, assessing that deescalating the risks surrounding the war in Iran opens the way for a new retreat cycle of the American currency. The bank proposes selling the dollar index, predicting a possible rise in the euro/dollar rate above 1.20. The main factors are the reduction in return in the US, the slowdown of capital flows and the possible strengthening of «petroyuan»With China expanding its role in the Middle East.

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