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  1. Marked improvement for budget execution in Oct, primary surplus outperformance extended

    EconomyMacroeconomy

    is up by almost 1 billion euros, also including the quarterly VAT payment. Total ENFIA revenues.... Overall, total expenditure declined by 4.8 percent in 10-month period to 37.73 billion, significantly outperforming target by 3.17 billion. In addition to the mentioned primary expenditure, total

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  2. Newsletter 52 - 20/11/2015

    Newsletters

    expectancy. Press reports indicate that this would result in a further cut for those pensioners whose total... has dropped by 7.19 billion to 119.38 in total. At the same time, the ELA funding of Greek banks... to relocate the total number of refugees it pledged to. This means that Greece will remain under

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  3. Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
    Photo by MacroPolis

    EconomyMacroeconomy

    interventions for a total of 5.73 billion euros for 2015 and 2016, of which 1.54 billion relate to this year... revenues, which make up two-thirds of total interventions in 2015 and 56 percent in the 2-year period...), rise in the corporate tax rate (150 million). Cost savings of 2.53 billion euros in total

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  4. Greek households most overburdened with housing costs in EU

    Society

    With two in five of its population living in a household where total housing costs represented more than 40 percent of total disposable household income, Greece has by far the highest housing cost... percent of the total population), Cyprus (4 percent), France and Finland (both 5.1 percent) registered

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  5. ELA ceiling for Greek banks slashed by 7.8 bln to 77.9 bln after recap
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    today’s ECB decision, the ELA ceiling has been cut by a total of 13.1 billion euros since mid-August... banks raised a total of 8.3 billion euros from private investors, of which 5.3 billion stemmed from... with full voting rights. The total proceeds from the capital increases also improved accordingly

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  6. Multi-bill tabled in Parliament, paves way for sale of NPLs

    EconomyProgramme

    from resolved banks have been undertaken by the Bank of Greece (BoG). Until February 15, a total... in position allowances. The total annual cost of these changes is estimated at around 300 million... for 2017 and 2018. The GAO report notes that the total amount of cost saving is projected at 137 million

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  7. Unemployment rate fell further to 24 pct in Q3 on seasonally increased employment
    Photo by MacroPolis

    EconomyMacroeconomy

    . However, the percentage of long-term unemployed to total jobless increased to 73.7 percent, its highest level over the past four quarters. Part time employment eased to 9.1 percent of total employed..., this year’s figure indicates the third highest reading since 2001. From the total of 1.67 million

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  8. Notable increase in grants to social security sector leads to budget primary deficit in Nov

    Economy

    to 1.23 billion in November, grants to hospitals jumped to 388 million in November from a total.... Despite the notable over-performance by 806 million in November, the December total revenue figure... to 5.58 billion, which is slightly below target of 5.65 billion. Overall, total expenditure fell

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  9. Pension reform brings painful overhaul in social security contributions for self-employed

    Economy

    for supplementary, 6.95 percent for health and 4 percent for lump-sum. This brings the total SSC rate... the total tax and contributions burden well above 80 percent of their income. In an effort to appease... an upper limit on the sum of tax and contributions, thus alleviating the total burden on self-employed

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  10. Where things stand on the Greek pension reform proposals
    Photo by MacroPolis

    EconomyProgramme

    for a 3-year period by a total of 1.5 percentage points (pp), 1 pp for employers and 0.5 pp for employees... earnings of each employee for the total number of working years after applying a progressive replacement... with a total social security and tax burden above 80 percent of their income. A committee with experts

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