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Tax chief's departure brings coalition revenue plans under scrutiny
PoliticsGreek Politics, increased tax collection has also been coupled with an incessant pressure on Greek households to pay mounting debts to the state. A growing inability to pay taxes and social security contributions due... 2.5 million Greeks are failing to pay their taxes, with 4.3 billion euros of new debts being created
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A closer look at planned laws for unpaid taxes and home foreclosures
EconomyMacroeconomy-payment that stems from strategic default and those that are unable to pay. c) Target individuals... with zero income will not pay any instalments for their mortgage. Households with annual income up to 25,000 euros will have to pay 10 percent of their income to service their housing loan, while
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Greece's imminent funding problems: All the numbers you need
EconomyProgrammewilling participants in the issue or pay off those that decline to roll over, thereby creating... obligations in the last month of each quarter. Greece has also to pay in March more than 1 billion euros..., the Greek state has to pay in cash 2.61 billion euros in March, which could increase by over 800
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Newsletter 18 - 06/03/2015
billion to the IMF in four tranches, on March 6, 13, 16 and 20. In addition Greece has to pay 1.08 billion... role across the board. Varoufakis also caused raised eyebrows when he said he was against the pay... and that he opposes the granting of pay rises at this stage. The difference of opinion over the PPC
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Ahead of Eurogroup, Greece juggles funds to cover liquidity shortage
EconomyProgrammemillion euros. Athens has to pay an additional 1.23 billion euros in the next two weeks in three tranches... that the state will just pay wages and pensions. We understand that this would increase again arrears... obligations. According to the proposed law, those who will pay their full principal amount until
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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammewill pay their full principal amount as early as the end of March. The instalment scheme has incentives that frontload payments and reward those who pay the full amounts of tax debt upfront versus those who pay in (up to 100) instalments. Note that the previously announced 50 percent haircut on tax
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Newsletter 19 - 13/03/2015
expense for Greek banks on an annual basis. On top of that, Greek banks have to pay a fee of 1.4... on bonds it had issued between the wars to raise money to pay for the reparations agreed at Versailles... Greece regarding its obligation to pay back the money it has borrowed, it is difficult to ignore
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Newsletter 22 - 03/04/2015
a crucial week, during which it must raise a reported 750 million euros in a T-Bill issue and pay back... of the government are as confused as ever. At least two ministers have suggested that Greece might not pay the IMF... run out of money on April 9, when the IMF payment is due. If Greece does not pay the fund, managing
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Newsletter 25 - 08/05/2015
ministers and SYRIZA MPs in recent days, our understanding is that the government will be able to pay... in social security contribution arrears. Going beyond May, Greece has to pay 1.54 billion to the IMF... debt redemptions, the key months are July and August when Greece has to pay back bonds, worth 3.5
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Tsipras keeps IMF waiting, turns focus to MPs and opposition
PoliticsGreek Politicsshortly before the news broke that the government had asked not to pay the International Monetary... at the end of June. Like the prime minister’s speech on Friday afternoon, the decision not to pay the IMF... and minister have been advocating for the last few weeks that the government should not pay the IMF
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