Scope Ratings: Ηigher defence spending a “headache” for the EU, but not for Greece
Higher defence spending would lead to higher borrowing and a worsening debt-to-GDP path in most EU countries & thus to a weaker sovereign credit profile
BoE: Cash primary surplus of 1.8 billion euros in January
The cash result of the central administration showed a surplus of EUR 560 million
The budget kicked off with a primary surplus of €2 billion
409 million overrun in tax revenues - Government expenditure reduced by €665 million