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Another 1 bln added in July to unpaid taxes in Greece, which total almost 68 bln
EconomyMacroeconomylow of 400-500 million recorded in April and May. The first-half target of legacy debt payments of 1... at 994 million. The MoF aims to collect an additional 1 billion euros in the second half of 2014, which
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Where is Odysseus? Part 2 - Uncertainty
Agorawith data through mid-2018.[1] The book presents a long-run baseline scenario for Greece to help make... pressures. In Part 1 (Blog 16) of our follow up, we recalculated the baseline demographic outlook... retirement age was increased twice in Greece.[2] This increases the potential pool of labor
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Where is Odysseus? Part 1 - Demographics
AgoraIn 2019, one of us wrote a book[1] about the Greek economy called “The Macroeconomy of Greece....[2] It would be helpful if the Greek government could also present a long-run plan to the public... demographics impacts the availability of labor (L). Population. Figure 1 refreshes the population baseline
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomy, of which 2.6 billion refer to 2017. The most significant revenue interventions in 2017 with a total anticipated impact of 2.45 billion relate to: 1) Income tax reform (716 million) 2) Change in rates... upward revised to 2 percent of GDP from 1.8 percent in the draft budget, above target of 1.75
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgrammereforms but also on other measures, each yielding 1 percent of GDP to a total of 3 percent of GDP (5.4... percent, expected to be effective from July 1 and with estimated revenues of around 450 million euros... with lenders and would yield 0.35 percent of GDP involve: As of June 1 Increase in the excise tax on gasoline
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Report reveals just 0.4 pct of taxpayers owe 85 pct of total tax debt
EconomyMacroeconomy. The breakdown showed 2 percent of the total tax debt (1.82 billion) is owed by 83.8 percent... taxpayers owe more than 1 million euros each for a total amount of 74 billion (80 percent of total... million taxpayers (55.4 percent of total) owe less than 500 euros each. In contrast, just 16,290
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingstraight quarter by 1 billion QoQ to 20.1 billion at the end of September. Overall, NBG’s NPEs have... respectively. Unlike NPEs, the domestic NPL formation increased to 188 million in Q3, from just 2 million in Q2... on the means for the targeted NPE reduction. In specific, from the total NPE stock of 21.5 billion
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Does the EU Commission suffer from optimism bias? (Part 1)
Agora(2019-2070).” (2021 Ageing Report, part 1, page 70) * * * In Part 2 of this Blog, we will draw... (the Book). In part 1 of this blog we will highlight differences in the macroeconomic scenarios and why these differences are important for policy interpretation. In part 2 of this blog, we will call
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomy: 1) Tax on OPAP lottery games and Video Lottery Terminals (VLTS) and internet betting with total... measures related to pension reform and direct taxes - each yielding 1 percent of GDP (1.8 billion euros) - the government has to identify additional measures of 1 percent of GDP to cover the fiscal gap of 3
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Public debt at 402.11 bln in Q1, total cash reserves exceed 40 bln
EconomyMacroeconomyeuros. FSM loans continue to make up the bulk of the total, accounting for 52 percent. The value... average maturity of the total debt stayed broadly unchanged at 16.66 years, from 16.61 years... by residual maturity showed that long-term (over 5 years) debt made up 75.1 percent of the total
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