Deposit outflow at 550 mln in Oct, led by a decline in corporates
Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
S&P leaves Greece a notch away from investment grade as outlook blurs
Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Yields rise, but Greek debt still partly shielded from market headwinds
EC study: VAT gap in Greece at 34 pct, more than double the EU average
The European Commission published a study on Friday that examines the evolution of the VAT gap across the EU according to the latest available data for 2013.
This policy gap ratio is broken down into the ‘rate gap’ that represents the potential revenue loss due to reduced VAT rates and the ‘exemption gap’ representing the potential revenue loss due to exempted supplies of goods and services.
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