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After paying IMF, Greece looks to cover remaining funding needs for March and April
EconomyProgramme, the government still has to cover financing needs of 1.5 billion euros in March and more than 2 billion... needs for April stand at 0.82 billion, of which more than 400 million relate to IMF repayments. During... that the Finance Ministry is mainly working on using existing sources to meet its obligations rather than to opt
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Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgrammeby consumption and investment expenditure. Unemployment is seen dropping by more than 1 percentage point (pp) in 2015 to 23.4 percent, yet the absolute figure is higher than the 22.6 percent predicted... are forecasted at 19 billion euros, 2.7 billion lower than those incorporated in the 2015 budget. The document
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What in the world will we do without barbarians?
Agorathe phase when the country’s insolvency was managed rather than created. This adds to the plethora... benefits represented more than 21 percent of GDP by 2009 from less than 15 percent in 2000. At the same
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Unpaid taxes ease to 1.16 bln in Feb, collections progress at stable rate
EconomyMacroeconomyin the 2-month period. This corresponds to less than half of the reported gross figure. The effective debt... estimated that from the total outstanding tax debt, which involves more than 3.5 million taxpayers... tax arrears correspond to more than 20 percent of the annual target of 1.7 billion. At the same
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This is where Greek gov't could find cash to cover May's obligations
EconomyProgrammethis obligation. May obligations Debt obligations in May are higher than those in April and include... 1.9 billion euros from 9 gg entities’ cash reserves for T-Bill purchases. More than 10 billion from... legislation to tax undeclared deposits abroad with a 15-20 percent rate, aiming to bring more than 1
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Lack of liquidity, political cost push Greek gov't to seek swift deal with lenders
PoliticsGreek Politicsdirection than creditors want by raising the minimum wage and calling in the International Labour... to the process, even earlier than the next scheduled Eurogroup on May 11. Liquidity shortage This may... or pensions (rather than lenders or suppliers) might not be paid. A couple of hours later, Mardas claimed
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The faces change, the issues remain the same
AgoraForeign Minister Euclid Tsakalotos – the new head of the “political negotiation” team - than being... in a more positive light than Varoufakis by many European officials, and replaced the finance minister... are onerous matters for this government to tackle, even more so than the previous coalition, which opted
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Rebound in Q4 by 1.4 pct brings 2014 disposable income down 3.2 pct
EconomyMacroeconomyincrease in compensation of employees more than offsetting a drop in social contributions... corresponds to more than 15 billion euros that have been wiped out from households. This clearly shows... 2014, more than 10 billion below the respective figure five years ago. However, for the whole 2014
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomy) and more than 5 billion (3 percent of GDP). According to local media, the measures... percent for income higher than the 100,000-euros mark. The proposed increase by 50 percent for incomes... in the luxury tax rate applied on cars with large engine capacity (less than 10 years old), pools
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Apartment prices down by 3.9 pct in Q1 for seventh straight QoQ fall
EconomyMacroeconomyof appraisals, while the value of transactions shrank by more than 93 percent. According to the evolution... than 14 percent from their peak five years ago. Another worrying factor is the jump in the non-performing housing loans to 28.1 percent at the end of September 2014 from less than 10 percent in 2010
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