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Greece drops to 72 in Doing Business index as long-term problems persist
EconomyFeaturesthat in several of the sub indicators, scores have been recalibrated at certain points in the data set... in the first available data set for Greece as of 2006, and stood at 75.3 in the current set. However... performs most poorly in this indicator with a rank of 153. The data set, available from 2005
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Greek fiscal deficits and debt since 2000
Agorato the measurement of the so-called 3 percent deficit rule and the 60 percent debt rule of the Maastricht... and the total. Greece ran a cumulative deficit of €267 billion over the period 2000-2020. The biggest... of debt and the cumulative flows of all the deficits is €-74 billion (Line 3). The debt went up much less
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Rising bond yields a concern, but not an immediate fiscal problem
Economyand a combined re-opening of four GGBs that were left over from the PSI exchange offer, for a total of 15.8... announcement by the ECB that interest rates would be raised by up to a total of 75 basis points in July... of January for a 10-year benchmark of 3 billion euros attracted fewer offers compared to last year
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General govt primary cash surplus at 8.84 bln in November, arrears fall by 195 mln
EconomyMacroeconomymillion to 13.62 billion (3.9 percent of the total). Bonds edged up by 3 million compared to October..., bringing the total figure to 1.10 billion euros. The equivalent figure for the same time last year was 1.93 billion. A decline was also noted in social security funds (SSFs), where the total fell by 542
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Greek primary cash surplus up to 3.1 bln in September but state arrears also rise
EconomyMacroeconomybillion) making up more than half of total, followed by extrabudgetary funds (1.15 billion). The state budget in particular, shows a material improvement by more than 3 billion YoY and 500 million month... million euros MoM to 2.33 billion making up almost half of total arrears. The next highest
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Where did all the money go?
AgoraThe total amount of loans the eurozone and the International Monetary Fund supplied to Greece... total stands at 31.9 billions (18 percent of GDP). These are staggering figures: No other nation has... a number of its own sources. The issuance of a 3- and a 5-year bonds in 2014 of 3 and 1.5 billion euros
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General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
EconomyMacroeconomybudget surplus at 1.83 billion, corresponding to almost half of total. Last year state budget had posted... in arrears to SSF and hospitals by 423 million in total. In particular, SSF arrears fell by 273 million MoM to 2.26 billion corresponding to almost half of total arrears. The second highest MoM
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General govt primary cash surplus at 6.68 bln in October, arrears rise by 9 mln
EconomyMacroeconomymillion, representing 71.4 percent of the total debt. Almost no change was seen in several other underlying categories. T-Bills edged down by 3 million to 15.28 billion (4.3 percent of the total). Bonds... funds (+45 million) and state budget (+7 million). Since the start of the year, total arrears have
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomyand disagreement, with Athens having reportedly agreed on a set of fiscal measures. A joint statement... and pension reforms. On the fiscal front, the government has reportedly proposed a new set measures...) and more than 5 billion (3 percent of GDP). According to local media, the measures
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No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
EconomyProgrammethe Eurogroup meeting on December 3. Until now, it had been thought that a decision might be made... it has to reduce pension spending by 1 percent of GDP in 2019 until December 3. The reason given..., by the time the December 3 Eurogroup is held all the pieces will be in place for eurozone finance
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