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After Q3 results, what next for Greek banks?
Agorabe provided by the recent ECB rate cut, which is expected to further lower their funding cost by a total 180... diagnostic and potential additional capital needs. They also sidestepped the issue of the potential lifting... at the high-end of 13.5 percent (implying a capital buffer of 2.4-2.65 billion above the 9 percent
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Greek primary cash surplus up to 3.1 bln in September but state arrears also rise
EconomyMacroeconomybillion) making up more than half of total, followed by extrabudgetary funds (1.15 billion). The state... million euros MoM to 2.33 billion making up almost half of total arrears. The next highest..., accounting for 19 percent of the total. Tax refunds fell MoM for the first time since February to 713
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Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
EconomyMacroeconomyGreece’s total tax revenues as a percentage of GDP remained virtually unchanged at 33.5 percent.... In absolute terms, personal income taxes made up 20.6 percent of total taxation below the OECD average... percent in 2012 at almost one third of the OECD average of 2.9 percent. As a percentage of total
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General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
EconomyMacroeconomybudget surplus at 1.83 billion, corresponding to almost half of total. Last year state budget had posted... in arrears to SSF and hospitals by 423 million in total. In particular, SSF arrears fell by 273 million MoM to 2.26 billion corresponding to almost half of total arrears. The second highest MoM
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General government primary cash surplus narrows to 2.48 bln, arrears almost stable in Sept
EconomyMacroeconomypercent of total. Hospitals’ arrears are following suit with an increase by 607 million since the beginning of the year to 1.21 billion in September corresponding to more than 20 percent of total... year to date to 631 million making up almost 11 percent of total. Tax refunds’ arrears recorded
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Newsletter 54 - 04/12/2015
taxes on goods and services stood at 13.5 With taxes on goods and services making up 39.1% of total tax..., with its taxes on goods and services making up 39.1 percent of total tax revenues in 2013, which is above..., which contribute 31.1 percent in total in Greece compared to the OECD average of 26.1 percent
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Unpaid social security contributions hit 15.35 bln at end of 2015
Economy1 billion. From the total overdue contributions of 15.35 billion euros at the end of 2015, 11.31... and 30,000 euros each for a total amount of 1.26 billion. On the other side of the spectrum, just 1,028..., corresponding to more than a fifth of total debt. The largest debt bracket involves those owing between 50
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Greek pensions: The unsolvable equation
Agorato slip further in 2015. Total wages that exceeded 33 billion euros in 2009, dropped to 22 billion... to the general government monthly bulletin, in 2015 pension funds had a total of 35.3 billion in revenues.... That takes the total 2015 figure of pension dependency on state funding to 17.9 billion euros
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General gov't primary cash surplus for Jan-Apr quadrupled to 2.6 bln, arrears stable at 6.7 bln
EconomyMacroeconomyto date and accounting for 43 percent of total arrears. Tax refunds have dropped by 105 million in the course of the year. They make up 17.7 percent of total arrears. Hospital arrears are follow at 1.12 billion, accounting for 16.8 percent of total. They have grown by 190 million in the year to date
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General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln
EconomyMacroeconomyof 25.58 billion remain the highest expenditure figure making 51.6 percent of total followed by compensation of 10.37 billion (20.9 percent of total expenditure). Arrears Arrears to the private sector... at the high end making up 45.5 percent of total arrears followed by tax refunds arrears of 1.34 billion
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