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New overdue taxes rise by 428 mln in June, total stock above 102 bln
EconomyMacroeconomyGreece’s new tax debt’s month-on-month rise came to 428 million in June, slowing from May’s rise... level for the year so far. May’s VAT collectability rate had stood at 85.2 percent. The amount of VAT..., increasing against May’s rate of 54.6 percent. For the first six months of the year, the income tax
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SYRIZA, New Democracy promote competing narratives after MoU exit
PoliticsGreek Politicssuggestions that next year’s pension cuts will be avoided, New Democracy has joined the race to make... efforts to revive the island’s shipbuilding industry. The visit, though, had a broader goal, which... to the government’s efforts to paint a picture of Greece returning to normality, New Democracy has been attempting
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SYRIZA readies itself for election battle, Mitsotakis pledges pension overhaul
PoliticsGreek PoliticsA meeting of SYRIZA’s central committee on Monday is expected to clear the path for the cabinet... Kyriakos Mitsotakis has been fleshing out his policies as Greece’s parties gear up for what is looking like an extended and bitter election campaign. The meeting of SYRIZA’s committee is expected
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Deposits inflows reach 840.6 mln in July driven by time deposits
EconomyMacroeconomy. Positive sentiment around the conclusion of the third review and the buildup to Greece’s exit from... manifested in positive deposit inflows into the Greek banking system. The previous month’s figure..., while time deposits rose by 408.4 million, increasing compared to June’s figure of 243.6 million
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Eurosystem funding down to 12.63 bln in August, banknotes in circulation rise slightly
EconomyMacroeconomya slowdown from that of the previous month, where the MoM figure fell by 3.29 billion euros. August’s movement brings the total for central bank funding to 12.63 billion euros compared to July’s sum of 13.02.... The majority of August’s fall stemmed from a reduction in Emergency Liquidity Assistance (ELA
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PM moves quickly on policy pledges in bid highlight benefits of MoU exit
PoliticsGreek Politicsthe way for the increase in the minimum wage has been at the forefront of Tsipras’s goals... percent of respondents had a positive view of Tsipras’s appearance in Thessaloniki, compared to 34.7 percent for Mitsotakis. Also, 38.7 percent found Mitsotakis’s proposals more convincing than Tsipras
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ANEL leader under scrutiny due to party unrest, questions over refugee funds
PoliticsGreek Politicsportrayed as a matter he is prepared to quit the coalition over. Despite his threat, two of ANEL’s seven MPs have publicly voiced their opposition to the defence minister’s stance on the name deal... fuelled speculation about what Kammenos’s next move will be, especially as New Democracy leader
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Deposit inflows reach 1.30 bln in August on increased sight deposits
EconomyMacroeconomyof the third review and the buildup to Greece’s exit from its adjustment programme earlier in August... into the Greek banking system. August’s inflows are the second highest for the year so far after June, when... time deposits rose by 434.7 million, up slightly from July’s figure of 408.4 million. For the first
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Question mark over pension cuts in 2019 draft budget as Athens looks to lenders
EconomyProgrammeThe Greek government will not include next year’s pension cuts, or will at least present a scenario...-balanced so that it is a fiscally neutral measure. However, it is unlikely that all of Greece’s... contributions they paid. Also, the IMF believes that the cuts will ensure the sustainability of Greece’s
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Mitsotakis looks beyond New Democracy for votes that could bring him to power
PoliticsGreek Politicsbetween Athens and Skopje. This has also helped safeguard the party’s share of the vote in northern... mostly been cautious in his criticism of the party’s failings when it was in government, leading... have not been convinced by the socialist party’s efforts to lead a centre-left revival in the form
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