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Finance Ministry targets 3 bln from unpaid taxes
EconomyMacroeconomy1.1 billion in January, which is slightly lower than the 1.27 billion recorded in December and 1.59... and more than 450,000 firms. The breakdown shows that 86 percent of individuals and 79 percent... totalling up to 5,000 stands at 2.3 billion (3 percent). Unpaid tax obligations higher than 5,000
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Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
EconomyMacroeconomystanding at 217.92 billion making up more than two-thirds (67.2 percent) of total debt. Note... years in Q4 from 16.5 years in Q3. The latter was the highest historical reading. More than 77 percent of outstanding debt has a residual maturity of more than 5 years, while the remaining 23 percent
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A closer look at planned laws for unpaid taxes and home foreclosures
EconomyMacroeconomybillion euros. The breakdown of unpaid taxes showed that 46.6 billion - or more than 60 percent of tax arrears - were created over the past 5 years. More than 3.7 million taxpayers, of which 3.33 million are individuals, owe less than 5,000 euros each and the cumulative outstanding overdue taxes
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Unemployment rate edges up to 26.1 pct in Q4 2014
EconomyMacroeconomythan 2 pp YoY to 29.6 percent. However, it is still more than 6 pp above that of men at 23.3 percent. Youth unemployment (15-24 years) dropped by more than 5 pp YoY, yet it remains above the 50-percent... with the unemployment rate decreasing by more than 3 pp YoY to 41.1 percent. The 30-44 age group also showed
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Lower spending, extra revenues result in budget execution beating targets in March
EconomyMacroeconomy(by 1.18 billion) and higher Public Investment Budget (PIB) surplus (by 856 million) more than offsetting... target by 491 million, primary expenditure was 589 million lower than target, while PIB revenues were... with the respective surplus at 648 million more than three times higher than the February figure
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Newsletter 25 - 08/05/2015
and other operational costs, it is believed that more than half of local government The government... than planned, equally divided over the two months. Although this accordingly increases the state’s... on the negotiating table now, rather than in June. However, a day after the communiqué was issued
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Budget primary surplus grows in April thanks to one-off revenues and restricted spending
EconomyMacroeconomyGreece’s 4-month budget primary surplus more than doubled to 2.16 billion euros from 1.05 billion... billion better than target. The breakdown of the key budget items displayed revenues (before tax..., the 4-month figure settled at 12.41 billion, down 6.3 percent and 1.46 billion better than target
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Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
PoliticsGreek Politics. According to reports, this year’s target will be 1 percent of GDP rather than 3 percent, 2 percent in 2016 rather than 4.5 percent, 3 percent in 2017 and 3.5 percent from 2018 onwards. The impact of the two... claim a moral rather than material victory on this point, stressing that SYRIZA’s objections
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The main political scenarios ahead for Greece should it reach a deal with lenders
PoliticsGreek Politicsdecision” rather than technocratic talks was needed to settle the Greek issue. Tsipras has... for no more elevated a political discussion than Greece’s bailout program being debated... commitment from lenders regarding debt relief than the one his predecessor Antonis Samaras was given
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Disposable income up by 2.6 pct in Q1 for highest reading since 2009
EconomyMacroeconomyit increased by 2.6 percent, which is faster than the 1.4 percent rise posted in Q4 2014, according... by more than 12 billion euros or 30.8 percent since Q1 2009, which clearly depicts the direct and indirect... than 47 percent in the past six years. Household final consumption slipped by 1 percent, after easing
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