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Significant rises for Greek economic sentiment, consumer confidence in October
EconomyMacroeconomy(YtD) balance remains positive, showing an improvement of slightly less than 11 points from the 91.4... peaked in June at -47.7 and eased by more than 3 points since then. However, the YtD balance indicates an improvement of more than 12 points. The lowest consumer confidence figure was recorded
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Newsletter 4 - 21/11/2014
rather than negative impact on revenue collection. Its interpretation is that the huge stock of 70... months of this year, a rate of less than 150 million per month. The 2015 budget tabled in parliament on Friday foresees a primary surplus of 1.8 percent of GDP in 2014. This is lower than both the 2.3
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General gov't primary cash surplus rises to 3.4 bln in Oct but arrears also growing
EconomyMacroeconomyin the 10-month period of 2014, 2.4 times higher than the 1.43 billion posted last year, according the gg bulletin... cash deficit narrowed by more than 2.5 billion euros to 1.68 billion from 4.19 billion... in the 10-month period, with the state budget figure at 2.03 billion, making up more than half of total. Last
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Newsletter 9 - 30/12/2014
to gain any more than the 168 vote he garnered in the second round – an indication... by 0.6 percentage points in less than two weeks. The narrowing of the difference between the two parties... restructuring of more than 50 percent, most likely referring to the Greek Loan Facility/European Financial
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Samaras sets out New Democracy's plans for growth
EconomyGDP rise of more than 30 percent on the 2014 figure of 178.9 billion that would bring nominal GDP... lower than the peak of 242.1 billion in 2008. However, for this target to be achieved, nominal GDP..., tourism and agriculture are projected to contribute more than half (55 percent or almost 30
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Newsletter 13 - 30/01/2015
line than previous governments. The new government wasted no time in showing its domestic... surpluses of between 1 and 1.5 percent of GDP rather than the current target of 4.5 percent. What... to the eurozone, the month of December saw a deposit outflow, to the tune of 4.2 billion euros, more than
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Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership
EconomyMacroeconomyrate remains around 80 bps above the euro area average and more than 60 bps higher than the respective... mid-2010. However, the current rate remains around 2 percentage points higher than the euro area average... stable at 5.97 percent (for amounts lower than 250,000 euros) and at 5.22 percent (for amounts between
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Finance Ministry targets 3 bln from unpaid taxes
EconomyMacroeconomy1.1 billion in January, which is slightly lower than the 1.27 billion recorded in December and 1.59... and more than 450,000 firms. The breakdown shows that 86 percent of individuals and 79 percent... totalling up to 5,000 stands at 2.3 billion (3 percent). Unpaid tax obligations higher than 5,000
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Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
EconomyMacroeconomystanding at 217.92 billion making up more than two-thirds (67.2 percent) of total debt. Note... years in Q4 from 16.5 years in Q3. The latter was the highest historical reading. More than 77 percent of outstanding debt has a residual maturity of more than 5 years, while the remaining 23 percent
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A closer look at planned laws for unpaid taxes and home foreclosures
EconomyMacroeconomybillion euros. The breakdown of unpaid taxes showed that 46.6 billion - or more than 60 percent of tax arrears - were created over the past 5 years. More than 3.7 million taxpayers, of which 3.33 million are individuals, owe less than 5,000 euros each and the cumulative outstanding overdue taxes
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