Moody's holds on rating update stressing need for reform
Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
New government sets sights on sustainable and wide-reaching tourism industry
Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
Bonds enjoy great buoyancy but remain some distance from investment grade
Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
Greek VAT gap narrowed 22.4 pct to 4.9 bln in 2014, EC report shows
The European Commission (EC) published a report on Tuesday examining the evolution of the VAT gap in EU countries based on the most recent data available, from 2014.
The report showed that the VAT gap in the EU stood at 159.5 billion euros in 2014, down by 2.5 billion from the 2013 figure. In addition, the VAT gap as a percent of VTTL landed at 14.1 percent in 2014, marking its first decrease since 2011.
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