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  1. Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct

    EconomyProgramme

    by consumption and investment expenditure. Unemployment is seen dropping by more than 1 percentage point (pp) in 2015 to 23.4 percent, yet the absolute figure is higher than the 22.6 percent predicted... are forecasted at 19 billion euros, 2.7 billion lower than those incorporated in the 2015 budget. The document

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  2. What in the world will we do without barbarians?
    Photo by MacroPolis

    Agora

    the phase when the country’s insolvency was managed rather than created. This adds to the plethora... benefits represented more than 21 percent of GDP by 2009 from less than 15 percent in 2000. At the same

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  3. Unpaid taxes ease to 1.16 bln in Feb, collections progress at stable rate

    EconomyMacroeconomy

    in the 2-month period. This corresponds to less than half of the reported gross figure. The effective debt... estimated that from the total outstanding tax debt, which involves more than 3.5 million taxpayers... tax arrears correspond to more than 20 percent of the annual target of 1.7 billion. At the same

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  4. Car sales up by 29.5 pct in Mar for 19th straight rise
    Photo by MacroPolis

    EconomyMacroeconomy

    than 80 percent of March road motor cars relate to passenger cars. The aggregate figures for the first... three months of 2015 with passenger cars making up slightly less than 80 percent of total The Attica prefecture registered more than half of total motor vehicle circulation licenses in Q1 2015 slightly

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  5. This is where Greek gov't could find cash to cover May's obligations
    Photo by MacroPolis

    EconomyProgramme

    this obligation. May obligations Debt obligations in May are higher than those in April and include... 1.9 billion euros from 9 gg entities’ cash reserves for T-Bill purchases. More than 10 billion from... legislation to tax undeclared deposits abroad with a 15-20 percent rate, aiming to bring more than 1

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  6. Golden Dawn trial begins against complex political backdrop
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    More than 18 months after rapper Pavlos Fyssas was murdered by Golden Dawn member Giorgos Roupakias... compiling a case file of more than 30,000 pages. The complexity of the trial means that it is expected to last for more than a year, possibly as long as two years. Apart from delivering justice

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  7. Lack of liquidity, political cost push Greek gov't to seek swift deal with lenders
    Photo by MacroPolis

    PoliticsGreek Politics

    direction than creditors want by raising the minimum wage and calling in the International Labour... to the process, even earlier than the next scheduled Eurogroup on May 11. Liquidity shortage This may... or pensions (rather than lenders or suppliers) might not be paid. A couple of hours later, Mardas claimed

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  8. The faces change, the issues remain the same
    Photo by MacroPolis

    Agora

    Foreign Minister Euclid Tsakalotos – the new head of the “political negotiation” team - than being... in a more positive light than Varoufakis by many European officials, and replaced the finance minister... are onerous matters for this government to tackle, even more so than the previous coalition, which opted

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  9. Rebound in Q4 by 1.4 pct brings 2014 disposable income down 3.2 pct

    EconomyMacroeconomy

    increase in compensation of employees more than offsetting a drop in social contributions... corresponds to more than 15 billion euros that have been wiped out from households. This clearly shows... 2014, more than 10 billion below the respective figure five years ago. However, for the whole 2014

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  10. Lack of time, lenders' demands back Greek gov't into corner
    Photo by MacroPolis

    PoliticsGreek Politics

    , or phase in its plan to restore the 13th monthly payment for pensioners who earn less than 700 euros... at knockdown prices and have the state lose its controlling stake rather than the coalition rejecting... out of cash and has more than 700 million euros to pay to the International Monetary Fund on May 12

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