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  1. Newsletter 16 - 20/02/2015

    Newsletters

    euros at the end of January. In particular, 46.6 billion – or more than 60 percent of tax arrears... owe less than 5,000 euros, stand at just 3 percent (2.3 billion) of the outstanding amount of 76... debt related to 326,000 individuals and 75,000 corporates owing more than 5,000 each makes up 97

    9%
  2. Budget primary surplus outperforms in 2-month, tax revenues underperform in Feb
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    expenditure coming in 866 million lower than target coupled with gross revenue (revenues before tax... profits, which was 334 million higher than target. The more detailed revenue figures showed direct... million better than target. The latter mostly reflects higher than expected revenues from direct tax

    9%
  3. Budget primary surplus falls to 1.1 bln in Q1, slightly above target
    Photo by MacroPolis

    EconomyMacroeconomy

    ), which was 42.7 percent lower than the figure of 1.86 billion a year ago, the Finance Ministry (MoF... lower than the target and the Public Investment Budget (PIB) surplus was 149 million better than... of 1.12 billion in February as gross revenues slowed down by more than 1.1 billion month on month (MoM

    9%
  4. Newsletter 60 - 29/01/2016

    Newsletters

    compared to the fiscal target for a deficit of 0.25 percent. Although this is more of a preliminary than... to more than 1.1 billion euros in absolute terms, could provide a cushion in the upcoming... than the institutions had forecasted a few months ago. A similar estimate for overall stable GDP

    9%
  5. IMF examines how Greece accumulated large pile of unpaid taxes and contributions
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    . Specifically, tax debt represents more than 80 percent of total liabilities to the state. The stock reached... tax debtors owe less than 3,000 euros each, while their tax debt makes up just 2 percent of the total figure. In contrast, 1 percent of debtors owe more than 1 million euros each, accounting for 80

    9%
  6. The first cut is the deepest? Greek pension reforms in context

    EconomyFeatures

    of public protests against austerity. Often the public rhetoric obscures rather than conveys...’ pensions directly out of the budget rather than through a pension fund. State pensions amounted... more than twice the size of the entire public procurement bill. However successive governments have

    9%
  7. Is a lack of spending hampering Greece's firefighting capabilities?

    Society

    volunteers. By this count, Greece employs more professional firefighters than most developed western states. With 115 career firefighters per 100,000 inhabitants, it ranks higher than the United States with 109, and has more than twice the personnel than Italy with 48, and almost three times

    9%
  8. Coalition caught between pleasing lenders and voters ahead of next troika review
    Photo by Harry van Versendaal

    PoliticsGreek Politics

    participants in the implementation of Greece’s adjustment programme. The socialists have, for instance

    9%
  9. Settling rising private debt? The IMF has some ideas

    Economy

    is the insolvency law, which should allocate risks among market participants in a predictable

    9%
  10. Nervous markets subject Greek stocks and bonds to a hammering
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Economy

    visible across the non-bank sectors. At the same time, market participants realised

    9%