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Newsletter 16 - 20/02/2015
Tackling the revenue lag EU institutions may object to certain changes for paying tax arrears One... and did not provide for a tax debt haircut. A delicate balancing act Party reaction may be bigger... or in the days ahead, Lafazanis and some 30 MPs that are loyal to him may feel this would
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Tsipras to meet Merkel amid search for political backing
PoliticsGreek Politicsfor implementing some of the less contentious reforms being demanded by lenders. This may be one... was fake, although it appears he may have meant the footage had been taken out of context. Earlier... that Varoufakis was being shut out of government talks and may have been on the way to being replaced.
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How does ECB's decision on Greek banks' T-Bill exposure affect state liquidity?
Economybillion euros on the amount of T-Bills Greek banks may use as collateral for ELA (and previously for ECB... bonds), which for legal purposes was received by the HFSF as a fee. In addition, the state may also... last week. We understand that a part of the total amount of 867 million received from the HFSF may
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Sowing the seeds of anomie in Greece
AgoraIn his opening speech to Labour MPs after the party’s historic election win in May 1997, Tony Blair... been sacked from the civil service or placed in a labour reserve since being elected as an MEP in May... position. While no laws may have been broken, questions abound regarding whether the government
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Gov't sees reform multi-bill as path to funding but resistance abounds
PoliticsGreek Politicsamid serious concern about whether it can meet its IMF payment of more than 700 million euros on May... party. According to reports, Tsipras warned MPs and party members that his government may have to cross... of the tax-free threshold for incomes. In this respect, the multi-bill may be a useful tool in convincing
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Eurogroup build-up dominated by internal friction over way forward
PoliticsGreek Politics. Government sources also suggested to the media that Athens may consider not paying almost 750 million...% No answer 3.4% #Greece — MacroPolis (@MacroPolis_gr) May 11, 2015 Marc poll for @EFSYNTAKTON Should "red... (@MacroPolis_gr) May 11, 2015 The domestic political complications were also highlighted by a decision
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This is how Greece kept its budget on track in Q1
Agoraarrears should be expected to boost the amounts collected in the coming months. Going forward, May... its stance on the ENFIA payment for this year. The property tax may be retained for another year... targets, the actual revenues for May and June are likely to fall short of their targets. Primary
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Alexis's choice
Agorareform may be crossed would mean Tsipras entering treacherous territory. It is worth remembering... and the anxiety of the last few months has not been in vain. However, while the party may accept some... be no guarantee of what state they will be in when they come out. There may be a mass walkout, or a few
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Smaller rise of 737 mln for unpaid taxes in April
EconomyMacroeconomythe 1-billion-euro mark since May 2014. According to aggregate figures for the 4-month period, tax arrears... in up to 100 instalments, which runs until May 26, shows that the state collected revenues of 147 million in the fast-track settlement process until the end of March and, by May 8, an additional 135
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Greece holds back spending, rakes in one-off revenues for 2.1 bln primary surplus at end of April
Economyof 2.16 billion disclosed on May 13. The primary surplus for the 4-month period outperformed its... Nadia Valavani told Parliament in mid-May that revenues from the settlement of unpaid tax obligations totalled 135 million euros by May 8 and that the government hopes to collect an additional 417
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