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Greek primary surplus shrinks by 1.7 bln in Dec as revenues miss 2014 target by 3.1 bln
Economymillion lower than the preliminary figure published on January 14. As already evident in the preliminary... better than target and PIB balance was 206 million lower than expected. Note, though, that revenue... unpaid obligations created in December. Overall, unpaid taxes grew by more than 48 percent in 2014
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomyof Finance (MoF) on Friday. However, the end-year figure of 2.18 billion euros was 1.5 billion lower than... shrank by more than 3.5 billion euros year on year (YoY) to 3.44 billion in 2014 from 7 billion last... displayed the highest primary surplus at 2.42 billion euros in 2014, albeit lower than the 3 billion
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Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct
Economyto a revenue shortfall of 968 million, while expenditure was almost 100 million better than target... million lower than target. The revenue shortfall stems from the extension of the VAT payment until... by 4.9 percent in January to 3.1 billion, 53 million better than the target. In particular, salaries
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Newsletter 18 - 06/03/2015
, more than 700 million (corresponding to at least half of the issue) was covered from the accounts of general government entities held More than 700 million of the T-Bill issue was covered from... allowing the government to utilise cash reserves of more than 300 million from two general government
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Deposit rates stable, avg loan rate below 5 pct for first time since 2002
EconomyMacroeconomycontrol more than 90 percent of total deposits. Back in 2012, there were more than 15 banks... the eurozone average of 1.03 percent and much higher than other comparable countries such as Spain (0.49 percent), Portugal (1.09 percent) and Italy (1.34 percent), but lower than that in Cyprus (2.3
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomyThe general government (gg) primary cash balance showed the surplus shrinking by more than two... million, making up more than 20 percent of outstanding arrears. Social security funds followed suit with their arrears up by 71 million MoM to 1.89 billion accounting for slightly less than half
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Newsletter 23 - 17/04/2015
that this reflects his view, rather than the consensus within the government. by Antonis Samaras... view, rather than the consensus within the government. Energy Minister Panayiotis Lafazanis.... The group NPL ratio (NPLs over gross loans) climbed by more than 1.5 percentage points to 32.2 percent
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What higher ECB haircuts on collateral could mean for Greek banks' liquidity
Economypercent for loans (less than 60 days past due) and GGBs. The bulk of collateral is in the form of pillar... banks have so far used pillar II bonds with a nominal value of more than 45 billion euros, while... 80 billion. This means that Greek banks may raise additional liquidity of less than 20 billion
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This is how Greece kept its budget on track in Q1
Agoraexpenditure, which was just 53 million better than target in January, displayed a strong outperformance... 240 and 845 million euros. This means that the collected revenues in each month are more than... significant revenue collection, with VAT revenues coming in 30 percent lower than those collected
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Newsletter 31 - 19/06/2015
moderate outflows of around 2.9 and 1 billion, respectively. More than 70 percent of total withdrawals... get a better deal than if the negotiation focuses only on fiscal targets and adjustment measures..., spending miss targets Greece’s budget execution showed that the 5-month primary surplus more than doubled
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