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General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln
EconomyMacroeconomymillion to 5.22 billion. Social benefits of 35.45 billion euros accounted for 51.7 percent of total expenditure, followed by compensation at 14.34 billion making up around 21 percent of the total figure... billion at the end of November, making up 42.4 percent of the total. They were followed by tax
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General govt primary cash surplus falls to 1.2 bln in Q1, arrears edge down to 5.05 bln
EconomyMacroeconomythan half of total expenditure, while compensation of 3.89 billion accounts for 21.5 of the total... billion euros, making up 45.5 percent of total. They were followed by tax refunds of 1.12 billion (22.2.... As a result, EFSF/ESM/IMF loans stood at 225.48 billion making up 69.1 percent of total debt
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Newsletter 134
included in the MTFS, which was only submitted in mid-May. Total revenues have been downward revised from the MTFS figure by over 500 million, from 52.73 billion to 52.22 billion euros. This total figure is even lower than in 2016, when it landed at 52.34 billion. In the draft budget, the total revenue
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Tourism helps bring Greek unemployment down to 26.4 pct in July
EconomyMacroeconomyfor a job. In addition, only 111,789 or 11.5 percent of total registered receive the monthly 360-euro.... The number of unemployed slipped by 12,200 MoM and landed at 1.28 million in July. Since 2009, the jobless... and 45-54) posted a much lower drop YoY and landed at 35.4, 22.3 and 20.4 percent respectively
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Greek VAT gap narrowed 22.4 pct to 4.9 bln in 2014, EC report shows
EconomyVAT Total Tax Liability (VTTL). The report showed that the VAT gap in the EU stood at 159.5 billion... of VTTL landed at 14.1 percent in 2014, marking its first decrease since 2011. The Greek ratio fell from... euros and landed at 17.6 billion in 2014. As a result, the VAT gap narrowed by 1.42 billion to 4.93
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Eurosystem funding falls by another 4.4 bln in August
EconomyMacroeconomybroadly stable. ELA funding accounted for 62.3 percent of total central bank funding, while ECB... of Greece's (BoG) monthly financial statement displayed on Wednesday. Central bank funding landed... is the highest monthly drop since the upswing initiated in December 2014. The absolute figure landed
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Newsletter 94 - 04/11/2016
social security contributions in Greece account for 82 percent of the total tax wedge, which is 19... Nicosia Cyprus suffered terribly as result of the fell swoop landed in 2013, but it is now able... the country out of this negative cycle. Cyprus suffered terribly as result of the fell swoop landed in 2013
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Budget primary surplus confirmed at 916 mln in May on higher expenditure
EconomyMacroeconomylast year, interest payments stood at 1.85 billion. During the first five months of the year, total... the aggregate target by 2.55 billion euros. The monthly primary balance for May landed at a deficit... billion, below the target by 97 million. Overall, the PIB balance landed on a deficit of 168 million
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Greece pinpoints flaws in Turkey's Aegean claims
PoliticsForeign Policya cut-off effect on the coastal projection of Turkey, towards Libya’s shores. Also, being on the “wrong... have a cut-off effect on the coastal projection of Turkey to the Libya’s shores. Athens believes... naval mission to Libya on March 31. The new operation is named after the Greek word for peace “Irini
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Erdogan's Hagia Sophia move adds to complexity, uncertainty of Greek-Turkish relations
PoliticsForeign Policy, bilateral cooperation between EU-Turkey on the refugee/migrant issue and developments related to Libya... violation of the arms embargo in Libya, according to a high-ranking EU official. There is a growing... by Turkey and the Turkey-Libya memorandum, Dendias said that “Greece has capable armed forces
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