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The case for a general government balance sheet
Agora. It is, however, also true that holding so much cash is inefficient and costly, because cash assets... that both the Greek and the euro area governments tend to increase their liquidity holdings in times of stress (proxied in the balance sheet by “currency” holdings). Around 2010 and 2020, governments
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Unpopular but effective property tax returns for another year
EconomyMacroeconomythat the total ENFIA amount due for 2016 will be kept stable, while parcels of land will be excluded from... findings on Greeks’ real estate wealth and tax payment. A total of 7.46 million taxpayers (including individuals and corporates) owned property value worth 698 billion euros. The total ENFIA due
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Newsletter 257 -07/07/2020
impact of 2 billion, taking the total to date to 14-15 billion euros, which rises to The EC’s forecast... Greek pension funds based on several theoretical collectability criteria. Total overdue SSCs have... for an aggregate amount of 4.60 billion euros (12.7 percent of the total). Overall, 1.6 million debtors fall
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HELPE privatisation moves closer as ROSCO sale is completed
EconomyProgrammeand Dutch company Vitol Holding to progress to the next round. The companies which did not meet the necessary criteria were Alrai Group Holdings Limited, a consortium composed of the companies Carbon... percent of HELPE shares and Paneuropean Oil and Industrial Holdings hold 45.5 percent. The remaining
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February current account deficit at 1.29 bln as underlying balances worsen
EconomyMacroeconomyprices. Total exports increased by 14.5 percent to 2.34 billion euros, while imports rose b y 4.8... by a 14.7 percent rise in receipts to 298 million. Total aggregate exports rose by 16.9 percent... in residents’ external assets which stems largely from an increase of 460 million euros in holdings
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July current account shows surplus of 1.58 bln as tourism drives services surplus
EconomyMacroeconomyprices, total exports of goods rose by 6.9 percent, and total imports by 7.7 percent. In absolute... in holdings of foreign bonds and T-bills. A net decrease in liabilities for the month was mainly due to a 1.2 billion-euro fall in non-residents' holdings of Greek government bonds and T-bills. During
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August current account shows surplus of 1.56 bln as deficit in primary income account grows
EconomyMacroeconomypercent YoY. BoG noted that at constant prices, total exports of goods rose by 15.8 percent, and total imports by 6.1 percent. In absolute terms, imports came to 4.24 billion and exports to 2.54... in holdings of foreign bonds and T-bills. A net decrease in liabilities for the month was mainly due
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September current account surplus at 550.8 mln as goods deficit increases
EconomyMacroeconomynoted that at constant prices, total exports of goods fell by 1.8 percent, and total imports rose... in residents’ external assets which was driven by a rise of 705 million euros in holdings...-euro rise in non-residents' holdings of Greek government bonds and T-bills. During the aggregate period
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October current account deficit at 871.3 mln as goods balance worsens
EconomyMacroeconomyto a deficit of 111.8 million. BoG noted that at constant prices, total exports of goods rose by 10.9 percent, and total imports rose by 15.4 percent. In absolute terms, imports came to 5.43 billion... in holdings of foreign bonds and T-bills. A net decrease in external liabilities for the month
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Greek debt: A case of learned helplessness?
Agorawas offered a loan arrangement that would act as a temporary holding operation until an unprepared... that eurozone central banks made from their Greek bond holdings is opposed by some within
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