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New overdue taxes rise by 890 mln in Nov, total stock up to 94.2 bln
EconomyMacroeconomyeuros. Out of the total 1.29 billion due, 867 million was actually paid. This corresponds... created a revenue gap of 186.3 million euros, with 870.9 million collected revenues out of the total... and local governments. Overall, the total stock of overdue taxes, including legacy and new tax debt
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New overdue tax obligations up by 706 mln in September, total at 98.75 bln
EconomyMacroeconomyof this year’s total (7.32 billion) relates to tax categories. The remainder is related to the four key... in the previous month. Tax debtors rose by 410,300 to stand at 4.3 million. The total for legacy tax arrears... companies and local governments. Overall, the total stock of overdue obligations, including legacy
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Greece to enter second lockdown as govt faces criticism over 'total failure'
PoliticsGreek Politics, a total of 1,503 patients are hospitalised in Covid wards, of which 220 are in ICU beds. A total of 348... the government of a “total failure” in managing the second wave of the pandemic and warned
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgramme-tranche of 2 billion euros to Greece after the completion of the first set of milestones as well... of 1 billion. Eurogroup President Jeroen Dijsselbloem said that the pension reform has been moved... percent of GDP in 2015 and around 1 percent in 2016. Almost half of cost savings for 2016 have been
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Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgrammeof the proposed measures. The government aims to collect additional annual revenues of 1.7 billion euros (1... system. We present below the most significant quantitative measures, which total 2.74 billion euros... and around 640 million to incremental revenues. Cost savings 1) Elimination of the solidarity grant
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The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammeof 1 percent this year and 3.5 percent in 2020 and 2022. Under scenario A, with nominal GDP growth... with a potential IMF tranche of 3.5 billion, bringing the total amount that could be disbursed to Greece... and 5.5 billion to payments to the IMF. The total of 15.5 billion euros coupled with the primary surplus
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Central govt debt rises again in Q4, reaching 388.3 bln euros
EconomyMacroeconomy(over 5 years) debt made up 74.6 percent of the total, while short-term (up to 1 year) and medium-term...Greece’s central government debt increased by roughly 2 billion euros in the last quarter 2021... three quarters of declines back in 2018. The Q4 debt movements reflect a drop of roughly 2 billion
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The politics of debt dynamics in Greece
Agorafor Greece of 174.8 percent or a total of 318.6 billion euros. The revised projection of the IMF... the sovereign debt levels attained in 2011, i.e. before the two debt restructuring operations of 2012.[1... of the total volume of accumulated sovereign debt is critical in this respect. We need to emphasise
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingpercent of nominal value for senior securities, at 80 percent for Tier 2 and at 50 percent for Tier 1...) involving a voluntary exchange offer for a total nominal value of 877 million euros in outstanding bank bonds. The offer relates to 532 million senior bonds, 267 million Tier 2 securities and 78
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingscenario of the stress test. The bank's capital plan has three key pillars aiming to cover total..., 84 million euros in preferred securities and 18 million hybrid (Tier 2) notes. For senior notes... brings the maximum capital support from private investors at 2.6 billion. The remaining 2 billion
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