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New Democracy suffers ratings blow as farming payments scandal unfolds
PoliticsGreek Politicsgains, taking it to 7.8 pct from 7 pct in June, while SYRIZA is at 6.6 pct. Nativist Voice of Reason has gained 2 points to reach 5.6 pct, and MeRA25 is polling at 4.9 pct, up from 3.7 pct. Overall... Tsipras and Antonis Samaras could attract up to 18 pct and 7 pct respectively. Perceptions of Corruption
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Sales season pushes November retail volume to growth for the first time since March 2010
Economy, which posted a higher drop of 2.9 percent compared to October (-2 percent) and December (-1.7 percent... of 2013 following a 7 – 12 percent decline in the preceding six quarters, according to ELSTAT... in the 9-month period. Furthermore, increased tax obligations led to deposit outflows of 2 billion
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Better contribution collection for Greek pension funds but 5.1-bln shortfall looms
Economyof 5.1 billion euros, which stems from the budgeted deficit for 2014 (2 billion) and the cost... million euros) of the anticipated deficit of 2 billion for 2014 lies with IKA, Greece’s largest social...: a) 7 billion euros is related to lower contributions due to high unemployment, with the number
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Here's what's in the 2015 draft budget the Greek government has just unveiled
EconomyMacroeconomy, the MoF anticipates the primary surplus will reach 3.6 billion euros (2 percent of GDP), lower than... in 2014, the draft budget indicates that Greece plans to proceed to issues of 7- and 10-year bond..., public consumption is seen remaining in negative territory (-2 percent). According to the MoF, domestic
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What does a bailout exit with a precautionary credit line mean for Greece?
EconomyProgrammetypical size is expected to vary between 2 and 10 percent of the concerned country’s GDP. Surveillance... and abolition of retirement exclusions from the general aging limits. 2) Abolition of nuisance... and modernisation of the National Healthcare System. 7) Application of a new payroll in the public
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Troika and Greece in stalemate over budget targets, prior actions as time ticks away
EconomyProgrammethe 2 percent included in the draft budget published on October 7, but above the Medium-Term Fiscal... its fiscal gap projection to less than 2 billion euros. Although Parliament voted an amendment
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Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
EconomyMacroeconomy. In contrast, taxes on personal income to GDP jumped from 4.8 percent in 2011 to 7 percent in 2012... percent. Similarly, the consumption tax to GDP ratio reached 11.8 percent in 2012, almost 2 pp above... the OECD average of 6.6 percent. However, their contribution to total taxation slipped by 2 pp to 21.2
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In effort to reach new deal, Greek government cannot ignore liquidity constraints
EconomyProgrammeaccelerated in January and may have reached 10-12 billion corresponding to circa 7 percent of the end...). Local media had indicated that the state’s remaining cash reserves do not exceed 2 billion euros, while an additional 2 billion could be raised by utilizing the reserves of the general government
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The state of play with Greek banks' liquidity
EconomyThe ECB is expected to decide on Wednesday, February 4, on the extension for another 2 weeks... banks have already tapped ELA for 2 billion euros. It is unclear at the moment whether the ECB... a total of 7 billion euros in the next two months, of which 2.4 billion are due in February
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ELSTAT sees 2014 primary surplus at 0.4 pct of GDP, debt at 177.1 pct
EconomyMacroeconomy. Debt GG debt eased by almost 2 billion to 317.09 billion euros in 2014 from 319.18 billion in 2013... ratios deteriorated. In particular, the debt/GDP ratio increased by more than 2 percentage points... by more than 7 billion compared to the central government debt of 324.13 billion published two months
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