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  1. General govt primary cash deficit of 12.55 bln in December, arrears drop by 345 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    security funds (SSFs) with an annual fall of 629 million euros, bringing the total figure to a surplus... with a decline of 1.45 billion, taking the total to 2.54 billion euros. This was followed by social contributions with a decline of 430 million euros taking the total to 21.8 billion. Other revenue

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  2. Post-Covid era dawns on new landscape for bad debt in Greece
    Photo by MacroPolis

    EconomyFeatures

    (the ratio of bad debt to the total stock of debt) reached its lowest point on record at 5.2 pct... of the total at the end of 2018. Cleaning up the banks’ balance sheets became a policy priority... their balance sheets of 9.3 billion euros of non-performing consumer loans (61 pct of the total

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  3. Retail and catering continued to dominate business activity, employment in 2022
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    economy over the last decades. A total of 294,892 companies were registered in Greece, up from... with 11-50 staff. Some 16 pct of total employment comes from 213,982 companies that employ 384,245 workers. It is just 780 companies that employ more than 250 staff, with total workers in this category

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  4. European Commission review of Greek programme: The key points

    EconomyProgramme

    recovery, unemployment is seen easing by 1.3 percentage points (pp) in 2014 and by an additional 2... year, 2 billion could not be cleared in 2013 and therefore are expected to be paid in 2014. Delays... trade law, 2) adoption of investment licensing and spatial planning laws, 3) update the list

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  5. Here's why IOBE think tank sees Greek economy growing 0.7 pct this year

    Economy

    released before three months. Private consumption is seen growing by 0.5 to 1 percent (from -2... to around 2 percent in 2014 (from -3 percent before), in line with official estimates, on the back... retreating this year by 2 to 3 percent (from a previous estimate that they would rise by 5 to 8 percent), yet

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  6. EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
    Photo by MacroPolis

    Economy

    its GDP forecasts, which now point to a recession of 2 (in the baseline scenario) to 4 percent... balance of 1 to 0.5 percent in 2016 and a primary surplus of 2.25 to 2 percent in 2016. However... recapitalization of 25 billion 2) Debt amortization of 33.8 billion, which increases to 35.9 billion including

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  7. No time for Tsipras to celebrate as long list of tasks means pressure is on from start

    EconomyProgramme

    integrating into the ITC the solidarity levy as of 2016. 2) Identify all business income tax... the restoration of basic and supplementary pensions to their 2012 levels. 2) The gradual phasing out..., diagnostics and private clinics. 2) Publish a price bulletin to reduce pharmaceutical prices

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  8. General government primary cash surplus widens notably to 5.14 bln at end of Nov
    Photo by MacroPolis

    EconomyMacroeconomy

    period. The government has initially indicated that a part of the last two sub-tranches of 2 and 1... loans by 2.18 billion largely due to the payment of the last sub-tranche of 2 billion. All the other... redemptions of 6.7 billion, increase in repos by 1.4 billion and a net decrease of around 2 billion

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  9. Newsletter 72 - 06/05/2016

    Newsletters

    so the main package of fiscal interventions can be settled. This will then leave the extra 2 percent... to back another package worth 2 percent of GDP, even if it may never be implemented. The European... to the form of contingency measures worth 2 percent of GDP the IMF is insisting should be detailed

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  10. Tsipras gets full support in pension and income tax vote, moves on to Eurogroup
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    PoliticsGreek Politics

    Greek Parliament passed the pension and income tax reform bill entailing 2 percent of GDP in fiscal... worsening liquidity conditions over the next weeks – an extra 2 percent of GDP in standby fiscal... the sustainability of Greece’s debt and the pending standby measures worth 2 percent of GDP. The Foreign Ministry

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