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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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Newsletter 15 - 13/02/2015
could be accepted and whether Greece would be allowed to issue more than the 15 billion euros in T... the lowest since 2011. Greek investors (mainly banks) have to cover the entire issues, compared to less than... that more than 15 billion have been withdrawn from Greek banks in last two months, bringing
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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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Unemployment rate edges up to 26.1 pct in Q4 2014
EconomyMacroeconomythan 2 pp YoY to 29.6 percent. However, it is still more than 6 pp above that of men at 23.3 percent. Youth unemployment (15-24 years) dropped by more than 5 pp YoY, yet it remains above the 50-percent... with the unemployment rate decreasing by more than 3 pp YoY to 41.1 percent. The 30-44 age group also showed
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Newsletter 22 - 03/04/2015
than those on February 18, meaning that the banks cannot cover the emerging funding gap of 700... points in February. This means it is 6 points lower than the recent peak of 102.8 in November... in February. Economic sentiment is now six points lower than the November 2014 peak. Retail turnover down
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Higher revenues set to ease coalition's liquidity concerns
EconomyProgrammein March, is that foreign investors hold more than 50 percent of those securities. Since they are reluctant to rollover their Greek T-Bill holdings as of December, more than 700 million of maturing T-Bills... bound by the ECB not to increase their T-Bill exposure at levels higher than those of February 18
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Lower spending, extra revenues result in budget execution beating targets in March
EconomyMacroeconomy(by 1.18 billion) and higher Public Investment Budget (PIB) surplus (by 856 million) more than offsetting... target by 491 million, primary expenditure was 589 million lower than target, while PIB revenues were... with the respective surplus at 648 million more than three times higher than the February figure
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