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  1. Greece and the euro: The flight of Icarus

    Agora

    . When one considers that Greece accounts for less than 4 percent of the eurozone’s total debt or GDP... retirement age was the same as in Germany, where most pensioners earn less than 800 euros (or 1,000 dollars) a month, where civil servants make up less than 20 percent of the workforce and where public

    19%

  2. General gov't primary cash surplus markedly better in July but arrears climb

    EconomyMacroeconomy

    improved to 2.26 billion euros in July, which is more than double year on year (YoY). This was mainly... deterioration posting a deficit of 395 million in the 7-month period compared to a surplus of 812 million... percent MoM. Since the beginning of the year, arrears have grown by more than 52 percent or 1.97

    17%

  3. Newsletter 285 - 19/02/2021

    Newsletters

    capital for more than a decade. This, along with other snow-related problems, triggered an attack... wildfire in 2018, which resulted in the deaths of more than 100 people. At the time, New Democracy... to the heaviest snowfall seen in the Greek capital for more than a decade. SYRIZA’s efforts

    16%

  4. Revenues at 4.77 bln in Oct, beating target for fourth straight month

    Economy

    estimates a gg primary surplus of 812 million (0.4 percent of GDP) in 2013, higher than the initially..., mainly owing to higher revenues more than offsetting a hike in interest payments and Public Investment...’ arrears on the expenditure line. The consistent bottom-line outperformance - by more than 4 billion

    14%

  5. Primary budget surplus in Nov at 1.2bln euros, 2013 target in reach

    Economy

    incorporating the better-than-expected revenue and expenditure performance in the 10-month period.... The 11-month underperformance reflects lower than targeted revenues by 1.46 billion, more than... primary surplus at general government level at 812 million, with the 11-month state budget figure

    13%

  6. Greece agrees with troika, looks to tranche release and redistribution of surplus
    Photo by MacroPolis

    PoliticsGreek Politics

    apparently settled at 2.9 billion, which is well above the 2014 budget estimate of 812 million and even larger than Samara’s recent estimate that it would be “in excess of 1.5 billion”. The same source also... and emergency services who earn a monthly salary of less than 1,500 euros. Furthermore, 380 million euros

    12%

  7. Budget primary surplus at 5.36 bln in 10-month, exceeding target on lower expenditure
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    for a seventh consecutive month to stand at 812 million, declining from September’s figure of 999 million... with the deadline for the ENFIA property tax’s payment being moved to September rather than August. Expenditure... to 38.45 billion or 1.85 billion lower than the target. PIB PIB revenue stood at 57 million euros

    12%

  8. Greek primary budget surplus doubles to 835 mln in Jan but below target

    Economy

    Budget (PIB) expenditure and tax refunds which more than offset lower expenditure. Revenues excluding... better than the target. The sharp drop mainly reflects a drop in grants to social security sector... of 812 million incorporated in the 2014 budget. MoF sources suggest that an agreement with the troika

    11%

  9. Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to 159 million in May, extending the five-month figure to 812 million. The balance decreased to 60.45... deductions of more than 40 billion euros. The sharpest decrease over this six-year period has been... is seen as decreasing by more than 40 billion by the end of 2019. The lion’s share of the pledged

    11%

  10. Budget primary surplus at 3.07 bln in Mar on back of 2022 tax collections, underspend
    Photo by MacroPolis

    EconomyMacroeconomy

    . The overall balance is better than the target by 2.81 billion euros. Revenues Net revenues... by 1.51 billion euros, while transfers were up by 812 million euros. This overperformance is due... in the month. Tax refunds came to 1.72 billion euros, 368 million more than the target. Expenditure

    11%