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Finance Ministry costs new support package, but questions remain over electricity subsidies
Economyfront and regarding electricity subsidies. In his opening remarks, Staikouras presented the first... billion euros, out of the total 13.2 billion euros energy support package. This was split between 4.1 billion euros for households and 6.5 billion euros for firms. The total 5.5 billion euros package
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Time running out for government action out as water crisis deepens
PoliticsGreek Politicsthere are no other options. It is the hour of decisions.” His remarks set the tone for a week in which regulators... to five years. While such shortfalls represent a small percentage of total demand, they could still... while neglecting irrigation — which accounts for nearly 85 pct of total water consumption
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Athens buoyed by EU, US support over maritime spat with Turkey
PoliticsForeign Policyon the Turkey–Libya maritime border deal. A common statement adopted by the EU leaders during... on Thursday decided to appoint a special envoy to Libya. This will be Ambassador Christodoulos Lazaris. His mission will be to maintain contact with all sides in Libya in order to closely monitor developments
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A busy year of diplomacy for Athens, but Greek-Turkish ties stagnate
PoliticsForeign Policycountries. But it also accomplished a rapprochement with Libya. Greece’s decision to extend its... was its rapprochement with Libya. That was accomplished with numerous visits by Greek officials, including... for the first time a high-level meeting on Libya on November 12, in Paris. Greece had been excluded twice from
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Despite payment of some arrears, total reached 4.6 bln at end of 2013
EconomyMacroeconomyshare of outstanding arrears comes from social security funds, at 2.55 billion (55 percent of total
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Sudden jump in unpaid taxes last month takes total to almost 70 bln
EconomyMacroeconomyas a percentage of collections over total taxes due from the audits. Collection of taxes from tax audits
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Unpaid taxes up to 1.22 bln in October as total reaches 71.2 bln
EconomyMacroeconomybelow the annual targets. Note that targets were set as a percentage of collections over total taxes
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Unpaid taxes rise by 1.03 bln in May, taking total to 77.88 bln
EconomyMacroeconomyof 870 million and write-offs of 239 million. Overall, the total stock of new and legacy debt edged
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ECB sees Greek banks' total capital needs at 14.4 bln, recap plans to come
Economybe required to proceed to capital increases for their total capital needs (i.e. under the baseline scenario
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Tax arrears climb by 1.65 bln in December to a total of 13.5 bln for 2015
Economyreflecting revenue collection of 1.64 billion and write-offs of almost 500 million. Overall, the total
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