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Marked improvement for budget execution in Oct, primary surplus outperformance extended
EconomyMacroeconomysurplus of 4.52 billion euros up by more than 70 percent compared to last year’s figure. At the same... refunds (by 343 million) more than offsetting a revenue shortfall of 2.25 billion. Note, though... led the 10-month budget deficit to 808 million euros, two-thirds lower than last year’s figure
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Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln
EconomyMacroeconomymillion, two-thirds lower than last year’s figure of 2.45 billion euros, and 2.09 billion better than... that amounted to 953 million euros more than double from last year and incorporate the ENFIA payment, while... reflects lower income tax (by 306 million) and VAT revenues (by 191 million) more than offsetting higher
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Newsletter 54 - 04/12/2015
jump in the tax burden than Greece between 2013 and 2014. The report also showed that Greece posted... is significantly lower than the OECD average of 11.5 percent. In contrast, revenues from social security... than the OECD average. As a result, Greece stands out from a large number of OECD countries
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Greek firms rely on public procurement most in EU but also suspect corruption, survey indicates
Societyof 27.2 percent. The Greek figure was also noticeably higher than the next countries, Latvia (31.8... results show that more than nine out of ten companies in Greece (91 percent), as well as 89 percent... increase on 2013. More than half of all companies in 22 member states say the practice of tailor-made
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Meimarakis and Mitsotakis make it into run-off vote for New Democracy leadership
PoliticsGreek Politicswas thought to have gained less than 45 percent and Mitsotakis more than 30 percent, which would leave... chances of staging a second surprise. Opinion polls had indicated that Tzitzikostas, rather than... to vote for a 3-euro fee) led to some 400,000 people casting ballots, which was much more than had been
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Newsletter 57 - 08/01/2016
, Eurogroup chief Jeroen Dijsselbloem suggested that the review would take months, rather than weeks. He also... loans linked to primary residences. Rather than rely on a series of cuts, which is the approach... rather than implement the measures being demanded by the troika. As it became apparent that Samaras
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Holding out for a (reformist) hero
Agorain a political battle with the leftist party rather than implement the measures being demanded... Lula, rather than Venezuela’s Hugo Chavez. However, this bubble also burst when Tsipras decided... in its most recent review (summer 2014, more than a year after Mitsotakis was appointed
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Newsletter 58 - 15/01/2016
. The government strongly insists on increasing revenues rather than cutting costs (i.e. pensions... as favouring “neoliberal” positions that are even more drastic than those of the institutions... of 30.1 percent but better than the 1.3 percent increase in 2013. Last year's increase was considerably
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2015 primary surplus exceeds target as revenues outperform and expenditure is reined in
Economyto an over-performance of 1.13 billion. Primary expenditure was 626 million better than target, while.... For the whole year, primary expenditure eased 1.5 percent to 41.3 billion, 626 million better than target... was kept broadly stable (-0.2 percent) to 48.55 billion for 2015, 719 million better than target. PIB
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Newsletter 63 - 19/02/2016
President Recep Tayyip Erdogan. When Kostas Karamanlis attended the Istanbul nuptials more than... further than the customary unauthorised overflights in its attempts to rattle Athens and strengthen its... would have only allowed the plane to enter their air space if it stopped in Bodrum rather than Rhodes
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