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Income inequality in Greece has grown during crisis, OECD report shows
Societyyears, with the top tenth of society earning 12.3 times more than the poorest in 2012, up from 10.5... concentrated at the top than income, exacerbating the overall disadvantage of low-income households. In 2012.... This group fared considerably worse than the median and the top 10 percent. The impact
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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomyInvestment Budget (PIB) balance (by 1.53 billion) and lower tax refunds (by more than 300 million) more than..., and landed at 840 million, 535 million better than target. Revenues The final budget figures showed... was due to be paid by the end of July, whilst this year less than half of taxpayers were due to pay
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Greek teachers low paid, but work shorter hours in smaller classes
Societytheir careers, rising to €25,752 at the end of service. In Greece, the report underlined, less than 5... teachers also spent much less time teaching than many of their peers. While public primary school... per day, on average, compared to more than five hours in Chile, Colombia and Latvia. The report noted
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Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
EconomyMacroeconomy, which was 940 million higher than last year’s figure of 1.73 billion, according to the Finance... to an underspend. Primary expenditure was 1.34 billion lower than the target. Also, revenues over-performed (by 363 million). These two factors more than made up for the lower-than-expected PIB balance
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Newsletter 78 - 17/06/2016
on the evolution of the Greek banks’ non-performing exposure (NPE) ratio, which increased by more than 4... period showed a primary surplus of 2.27 billion, up by more than 50 percent from last year... of the latest bailout tranche should bring. However, it is not likely to be anything more than a brief
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Newsletter 86 - 26/08/2016
) than those for older houses, which fell by 0.5 percent QoQ and 2.3 percent YoY. Prices of new apartments decreased at a faster pace than those for older houses. Bailout loans at highest levels Greece’s..., the most marked rise was in marriages of more than 10 years, where divorces increased from 8,334
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Revenues spring surprise by beating Sep target, providing 1.4 bln cushion for Q4
EconomyMacroeconomyto September. Meanwhile, tax refunds were 31 million lower than the September target, but the 9-month... at 34.83 billion, 1.06 billion better than target. As we have previously noted, September was one... of the corporate income tax. We understand that higher than targeted revenues in September could
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Newsletter 100 - 16/12/2016
the completion of the review seem more complicated than ever. The first shock to the system this week... on hold the implementation of In July the number of tax debtors increased by more than 125,000 from... of the current administration being able to pass more than 4 billion euros of new measures right now
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBanking’ (performing or past due less than 90 days) NPEs widened to 27.6 percent of total NPEs in the first half from 26.2 percent in December, while performing exposures past due less than 90 days fell to 12.2... past due more than 90 days as well as denounced loans accounted for 28.3 and 44.2 percent of NPEs
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Budget primary surplus hits 1.74 bln in 4-month, beating target on strong underspend
EconomyMacroeconomyreflects strong underspend, with primary expenditure coming in 1.19 billion lower than target... by 152 million. In addition, the Public Investment Budget (PIB) surplus was 97 million lower than... period, which was 16.4 percent higher than last year, but outperformed the target by 909 million
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