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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammethat the collectable tax arrears stand at 8.9 billion euros out of a total outstanding amount of 76... with a total cost for the 9-month period of 2015 at 22.1 million. c) Rent allowance for up... for the 9-month period of 2015. According to the General Accounting Office, the total cost of those
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How does ECB's decision on Greek banks' T-Bill exposure affect state liquidity?
Economy. The next T-Bill rollovers for April involve a total of 2.4 billion euros, of which 1.4 billion..., with their total holdings close to 9 billion, according to their disclosure in the conference calls of 2014... last week. We understand that a part of the total amount of 867 million received from the HFSF may
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Why Greece is asking for 1.2 bln back from the EFSF
Agoraby cash. The total cost of bank recapitalisation and resolution reached 40 billion euros. Of this, 25.... Since being established in July 2010, total cash accumulated by HFSF reached 3.62 billion euros... and 10.93 billion were untapped. In addition, total bank recapitalisation and resolution costs of 40
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Higher revenues set to ease coalition's liquidity concerns
EconomyProgrammeeuros on April 8 and, including the regular non-competitive bids, it expects it would cover the total... that Chinese funds participated in two of the three T-Bill issues in March for a total consideration... that a part of the total amount of 867 million is still available to cover upcoming funding needs
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Deposit outflow slows to 2.19 bln in Mar as balances slip to lowest in 10 yrs
EconomyMacroeconomynon-financial corporations recorded inflows of 259 million. Total withdrawals since December have...) were off shore and 40 percent were kept inside Greece. Total deposits - which also incorporate general... billion, the Greek banking system’s total withdrawals of 3.81 billion in March include general
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Smaller rise of 737 mln for unpaid taxes in April
EconomyMacroeconomy, the total stock of new and legacy debt stood at 77.08 billion at the end of April, implying a rise by 3.29 billion year to date. The Finance Ministry (MoF) has indicated that out of the total outstanding... additional revenues of 417 million euros by the end of the year bringing the total amount for 2015 close
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Income inequality in Greece has grown during crisis, OECD report shows
Society, the bottom 40 percent owned only 3 percent of total household wealth in the 18 OECD countries with comparable data. By contrast, the top 10 percent controlled half of all total household wealth..., accounting for 60 percent of the total. Moreover, 73.2 percent – the highest rate in the OECD 26
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Deposit outflows eased to 3.86 bln in May, balance below 130 bln
EconomyMacroeconomy), while the remaining one-quarter was sent abroad. It is noteworthy that total deposits - which also take... that the total of 3.27 billion of gg outflows in the March-May period is mainly related to transfer...’ at 2.02 billion. The considerable total withdrawals (including both the private sector and gg) of 40.73
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The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammewith a potential IMF tranche of 3.5 billion, bringing the total amount that could be disbursed to Greece... and 5.5 billion to payments to the IMF. The total of 15.5 billion euros coupled with the primary surplus... actions. From the total tranche amount of 4 billion, 3.5 billion would be used for debt servicing
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This is what the Eurogroup is proposing as a basis for a third Greek bailout
EconomyProgrammethe total financial envelope. · To address the challenges of the Greek banking sector, the total... and thus void increasing the total financing envelope. A comprehensive assessment will be conducted after
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