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Unpaid taxes up to 1.22 bln in October as total reaches 71.2 bln
EconomyMacroeconomya revenue gap of 1 billion in 2015. GSIS also provided the year to date evolution of efficiency...) at 1 billion in the first half of 2014 and 2 billion for the whole year. The first target was almost... below the annual targets. Note that targets were set as a percentage of collections over total taxes
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Our most popular stories in 2014
Agoramanner in which Greek governments have taken decisions to meet the various targets they were set.... It is estimated that 1 million houses in Greece were built after 2000 but only 10 percent is inhabited... percent in 2008-2012, apartments grew by 1 percent, while other type posted a double-digit annual growth
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Newsletter 11 - 16/01/2015
is not completed. These are: 1. Losing tranches amounting to 7.2 billion euros, half of which relate to two IMF... government and the troika, which expected it to reach between 0.8 and 1 percent. December’s deflation... in any follow-up programme that the Greek authorities are set to negotiate with their European
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Almost 50 pct rise for new unpaid taxes in 2014 as overall total rises to 73.8 bln
EconomyMacroeconomyand legacy debt amounted to 73.79 billion at the end of December, up by 1 billion month on month... to the legacy debt collections targeted by the Finance Ministry (MoF) at 1 billion in the first half... in the tax audits on the three specified categories, where targets were set as a percentage
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Newsletter 13 - 30/01/2015
surpluses of between 1 and 1.5 percent of GDP rather than the current target of 4.5 percent. What... figures showed sight and savings recorded inflows of 1 billion each. On the flipside, there were... trend. The government is set to announce its policy programme on February 7–9 during the vote
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Greece and lenders with conceptual, as well as practical, gaps to bridge
PoliticsGreek PoliticsMartin Schulz, Varoufakis set out the government’s ideas on how Athens envisages its relationship.... These are: 1) Negotiating directly with European institutions and the International Monetary Fund 2... the relaxation of fiscal targets (Varoufakis says he is aiming for a primary surplus of 1 to 1.5 percent
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The state of play with Greek banks' liquidity
Economyinflows of 1 billion each in December. Banking sources indicate that withdrawals accelerated... to the non-eligibility of a particular type of ECB funding collateral as of March 1. This stems... implies that an amount of 4.2 billion should be set aside for coverage of T-Bill rollover. On top
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Newsletter 15 - 13/02/2015
revenues fell short of target by almost 1 billion euros. According to the Finance Ministry... to an incremental cost of 600 million for Greek banks on an annual basis, which rises near to 1... minister would involve political compromises. Tsipras set out on this road in earnest after the June
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Finance Ministry targets 3 bln from unpaid taxes
EconomyMacroeconomyDuring a press briefing on Wednesday to set out the government’s initiatives for the settlement... percent of total. The upper bracket, related to tax debt in excess of 1 million euros relates to 2,500... for the 100 instalments. Also, the cap on anyone owing more than 1 million euros benefitting from the payment
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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammeThe budget execution for January revealed a revenue shortfall of almost 1 billion euros, mainly reflecting... the new property tax will be based on new “objective” prices set by tax authorities... amount close to 1 billion euros, creating a similar revenue gap in case this levy is abolished
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