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Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
EconomyMacroeconomyto 584 million from less than 300 million in each of the previous eleven months, while the full year... than target. In a separate table, MoF revealed that the settlement of general government arrears via... balance recorded a huge deficit of 1.93 billion in December, higher than that of 1.78 billion posted
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IMF examines where programme went wrong, what lessons were learnt
EconomyProgrammeprojections, largely due to lower growth and deflators, while unemployment was much higher than originally... the sustainability assessment around the gross financing needs (GFN) metric rather than a specific debt... per review in Greece was much higher than in other comparable countries. According to the report
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Newsletter 107 - 17/02/2017
of measures substantially lower than 3.6 billion euros. Following this, Athens also wants the creditors... the target by 342 million, a performance largely attributed to higher than expected revenues (by 340... million lower than target, respectively. Specifically, revenues (before tax refunds) rebounded
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Greeks full of contradictions on ideology and political beliefs, study suggests
Societybelieving “socialism” to be a more positive term than “capitalism” while, at the same time, espousing...” was more important than “equality”. This proportion was replicated among SYRIZA voters, some 30... in ten believing that the country needs “less public sector”, Greeks are generally more liberal than
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Greek households spend greatest share of income on accommodation in EU
Societyin the country spending a greater share of their income on accommodation than in any other member... than 40 percent of their income on housing (known as housing cost overburden), compared to an EU... in property arrears and they are about four times more exposed than non-poor households. Greece
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Report reveals just 0.4 pct of taxpayers owe 85 pct of total tax debt
EconomyMacroeconomyof taxpayers (3.61 million). Those taxpayers owe less than 3,000 euros each. It is also worth noting that 2.39 million taxpayers (55.4 percent of total) owe less than 500 euros each. In contrast, just 16,290 taxpayers (0.4 percent of total) owe more than 300,000 euros each for a total amount of 78.79 billion
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammepercent, lower than the recent IMF and European Commission (EC) forecasts of 2.2 and 2.1 percent... percent) higher than that for imports (+2.8 percent). For 2018, the MTFS assumes a faster GDP rebound of 2.4 percent, which is lower than the IMF and EC estimates of 2.7 and 2.5 percent respectively
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Newsletter 122 - 09/06/2017
and taxes by 1.59 billion and 573 million, respectively, more than offsetting a rise in social... was reduced by 900 million quarter on quarter (QoQ) to 103.9 billion, 1.3 billion lower than target... by the banks, while the remaining are almost equally split between exposures past due for more than 90
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Five-month budget primary surplus confirmed at 1.84 bln, beats target by 790 mln
EconomyMacroeconomyunderspend, with primary expenditure coming in 791 million lower than target. The monthly primary... outperformance of 386 million. The latter resulted mainly on the back of higher than expected indirect... period to 3.06 billion, 36 million higher than target. At the same time, privatisation proceeds stood
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Parents main source of income for most young Greeks
Societyin society. In political terms, young Greeks emerged as more left-leaning than their parents... the job market, the young people surveyed still came across as more optimistic than their parents in some... worse off than their parents. Of the parents asked the same question, 55 percent thought
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