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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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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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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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