After peaking at 1.42 billion euros in August, the monthly rate of Greece’s unpaid taxes dropped to 1.03 billion in September, according to data provided by the General Secretariat of Information Systems (GSIS) on Tuesday.
After rising in the preceding two months, the Turnover Index in Industry was on its way down again in August, when it fell by 4.2 percent according to the Hellenic Statistical Authority (ELSTAT).
The negative market reaction that followed the government’s plans for an early and clean exit from its bailout program has led the government to change its plans, according to local media reports.
In its latest comment on Greek banks, Fitch noted that they remain burdened by a large stock of non-performing loans (NPLs), despite capital enhancement and progress with their restructuring plans.
Τhe Finance Ministry (MoF) tabled on Wednesday night an amendment to the legal framework which allows the conversion of the deferred tax asset (DTA) to a tax credit (DTC), following a relevant request by the European Banking Authority (EBA).
In the wake of discussions about an early Greek bailout exit and increasing evidence that Greece could be heading to early elections, the Athens Stock Exchange remained extremely nervous on Wednesday tumbling by 6.3 percent at the closing.
Greece’s central government primary cash balance showed a surplus of 2.76 billion euros in the 9-month period, from deficit of 3.32 billion last year, according to the Bank of Greece (BoG).
Greek banks’ Eurosystem funding dropped by another 2 billion euros in September, reaching 42.57 billion according to the Bank of Greece's (BoG) monthly financial statement.
Greece’s budget execution showed the primary surplus widening to 2.53 billion euros in the 9-month period from 1.95 billion in the 8-month, according to the preliminary data released by the Ministry of Finance (MoF).
The Hellenic Statistical Authority (ELSTAT) released on October 10 a revision of national accounts for 1995-2013 so it is in line with the new European System of Accounts (ESA 2010) rather than the previous ESA 1995 before, which produced a deeper recession over the past few years.