S&P sees improved fiscal and growth prospects, raises credit rating to 'B'
BoG sees recovery strengthening, proposes post-MoU safety net
High participation rate helps bond swap tick box
Greece continues debt management with swap of bonds worth 30 bln
Retail sales continue their rise in July as consumer confidence improves
Rating agencies concur in improved prospects for Greece
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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