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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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Why Greece is asking for 1.2 bln back from the EFSF
Agorathe country’s debt and the debt to GDP ratio by more than 6 percentage points. Those bonds were... fee (on the nominal amount of EFSF bonds banks have received) of more than 220 million for 2012-2013 c) Interest income from the EFSF bonds and deposits with the Bank of Greece (BoG) of more than 500
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Newsletter 22 - 03/04/2015
than those on February 18, meaning that the banks cannot cover the emerging funding gap of 700... points in February. This means it is 6 points lower than the recent peak of 102.8 in November... in February. Economic sentiment is now six points lower than the November 2014 peak. Retail turnover down
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Higher revenues set to ease coalition's liquidity concerns
EconomyProgrammein March, is that foreign investors hold more than 50 percent of those securities. Since they are reluctant to rollover their Greek T-Bill holdings as of December, more than 700 million of maturing T-Bills... bound by the ECB not to increase their T-Bill exposure at levels higher than those of February 18
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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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