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New overdue tax obligations increase by 754 mln in April, total up to 94.8 bln
EconomyMacroeconomytime, the number of tax debtors fell for the third straight month, declining by more than 33,600...) eased to 90.76 billion euros at the end of March, of which more than three quarters stemmed from... period, corresponding to an average figure of 275 million per month, which is higher than the monthly
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Greece secures next bailout tranche, moves towards deal with lenders
PoliticsGreek Politics. If this is the case, Athens will receive around a billion euros more than initially expected and will have more funds... clarity and his suggestion that debt relief will definitely be needed next year, rather than... that will be more robust than the one made at the May 2016 Eurogroup. It is still doubtful, though, that this would
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Newsletter 123 - 16/06/2017
. This was slightly larger than the 7.4 bilion euros initially earmarked for Greece. The instalment.... Meanwhile, the number of tax debtors dropped for the third successive month by more than 33,600... underspend. Primary expenditure came in 791 million lower than target. Gross revenues (revenues
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Greek and Turkish PMs tone things down, look to new Cyprus talks
PoliticsForeign Policysources, Turkey wants the EU to offer something more significant than just guarantees on the Cyprus... citizens living in a united Cyprus. Still, Yildirim's statement provoked more questions than answers... comment more diplomatically than past statements on the subject from Turkish officials. He said
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Trash dispute troubles SYRIZA ahead of political lull
PoliticsGreek Politicsforceful than an independently-organised anti-government protest earlier in the week. Representatives... in the government’s attempt to present itself as cleaner than previous administrations. Tranche and arrears.... Given that the primary surplus target for this year is 1.75 percent of GDP, rather than 3.5 percent
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Some relief for coalition but bold claims about programme exit a concern
PoliticsGreek Politicsat lower rates than the New Democracy-led administration did in 2014 and make a clean exit from the programme in 2018, rather than with the support of a credit line (ECCL) like the ones the lenders... or higher rate than in 2014 and also needs and ECCL to leave the programme, the opposition will argue
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Greeks graduating after 2011 encountered limited opportunities, low pay
Societyof between 400 and 800 euros. Another 16 percent said they make less than 400 euros. Of the overall... percent and 19.2 percent, respectively. Though the figure for funding cuts is lower than the post-2010 decline in government spending (31 percent) it is higher than the cuts to overall education
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How Cyprus re-entered the market
Agorathat was 414 basis points above the benchmark. The bond was more than two and a half times over... a whopping 178.8 percent this year. This is one reason why Greece will probably pay higher than 414... been much deeper, and afflicted far more people far more severely than in Cyprus. While
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Capital controls to ease further from the beginning of September
EconomyMacroeconomybank than the one they currently have an account with and the opening of a bank account by a natural... switched to paying by card rather than cash, and deposits in the banking system stabilised. Deposit... have been useful in encouraging the use of electronic payments rather than cash, BoG has noted
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The whole truth and nothing but the truth
Agorarather than fantasy has understood that the case against the former head of the Hellenic Statistical... of state arrears, withholding it will end up doing more damage than good. A Greek business owner... is more than 1,000 days, which is by far the longest in the Union. The argument has been made
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