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General gov't primary cash surplus widens notably to 4.84 bln by October
EconomyMacroeconomymillion. The outstanding stock currently stands at 2.73 billion, making up 46.6 percent of total arrears... billion and a net drop of 4.1 billion in EFSF/ESM/IMF loans. The latter incorporates the return... amounted to 213.8 billion making up 67.9 percent of total debt, bonds to 59.8 billion (19 percent), T
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Declared income falls 28.7 pct from 2011 to 2014, salaries and pensions suffer most
Economy-earners and pensioners consistently make up more than three quarters of total declared net income. Their 2014 figure stands at 56.73 billion euros, which represents a sharp drop of 30.7 percent over...) declaring annual net income up to 1,000 euros and almost 30 percent between 1,000 and 5,000 euros
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Pressure on Greece to stem migrant flow puts strain on EU ties
PoliticsGreek Politicsparts of the EU. At the same time, Greece is expected to step up efforts to detain migrants... of crossings drop, while the number of migrants reaching Germany has also fallen since Austria became stricter... to live up to its commitments in terms of controlling its sea border or holding on to refugees
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Gov't proposes easing impact of pension reforms on self-employed for three years
Economynew social security contributions, starting from 50 percent for annual net income up to 10,000 euros... and 20,000 euros the picture is mixed: Engineers would see a modest drop of 2.7 percent, doctors a marginal... the relevant rates for the low income bracket (up to 10,000 euros), which will stand at 63, 54 and 60 percent
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Multiple crises fence in Greece
Agoramatter much. One banner summed up the mood perfectly: “Our patience has run out.” This is the result... instead. It is not only pensions that would feel the impact as retirement pay in Greece makes up... drop and are not interested in arguments about lack of resources and preparation. The result
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Budget primary surplus surges to 3.04 billion, extending outperformance
EconomyMacroeconomyyear on year (YoY) improvement largely reflects surging Public Investment Budget (PIB) revenues up... the January figure. For the 2-month period, revenues reached 8.64 billion, up 9.3 percent YoY and 291... increased by 3.6 percent in February, yet the 2-month figure of 6.22 billion points to a drop
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Declining flow of refugees gives struggling government some hope
PoliticsForeign Policywith Turkey may be leading to a drop in the number of refugees crossing to Greece, thereby easing.... Authorities have stepped up efforts to move people away from the camp at Idomeni, on Greece’s northern... of a rising number of Syrians setting up businesses in Turkey, with figures indicating that Syrians were
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General government primary cash surplus triples to 3 bln by February, arrears climb to 6.1 bln
EconomyMacroeconomyyear to date. Arrears owed by social security funds reached 2.93 billion in February and make up almost... by the end of the year. Debt The stock of central government gross debt edged up by 220 million..., by 792 million to 98.63 billion in February. The monthly change reflects a drop in bank support
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Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
EconomyMacroeconomy(before tax refunds) by around 500 million euros, a drop in expenditure by almost 280 million... (by 363 million). These two factors more than made up for the lower-than-expected PIB balance..., with the 3-month surplus at 974 million up 7.4 percent from last year and 366 short of target.
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Eurosystem funding falls below 100-bln mark for first time since Jan 2015
EconomyMacroeconomy. At the same time, the Emergency Liquidity Assistance (ELA) edged up by 693 million euros to 66.89... with the drop evident in the withdrawn liquidity. Following the April evolution, the Eurosystem funding mix slightly changed with ECB funding now making up 32.8 percent of total from 34.8 percent in March
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