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Budget primary shows deficit of 7.01 bln in September
EconomyMacroeconomyThe budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the final Finance Ministry (MoF... during the first nine months of the year. Personal income tax (PIT) was below target by 763 million
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Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence
AgoraGreece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern
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Newsletter 269 -16/10/2020
regarding its intentions to engage in a dialogue with Greece within the framework of the so–called... encouraged extremists and that New Democracy even saw GD as a potential future ally, which is why... shows deficit of 7.01 bln September figures show decline in revenues On a monthly basis, net revenues
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General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash deficit came to 7.01 billion euros in the first nine months of the year compared to a surplus of 4.53 billion in the same period last year, according... at a deficit of 7.01 billion euros. The budget primary balance for the same time last year came
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EP president visit and winding up of rail crash inquiry cast spotlight on rule of law concerns
PoliticsGreek Politicsof the lack of an opportunity to discuss the resolution on a day which saw the inquiry into the deadly... criminal involvement by politicians in favour of the lighter-touch inquiry. Parties now have until March... an ultimatum to keep him as president until the next national elections or find a new leader before
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Budget primary shows deficit of 7.01 bln as revenues suffer in September
EconomyMacroeconomyThe budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for September showed on Thursday. The primary surplus was below its
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PM riles SYRIZA with remarks on EU anniversary
PoliticsGreek PoliticsGreece marked on Thursday the 40th anniversary of its accession to what was then the European Economic Community, but remarks made in the presence of EU dignitaries by Prime Minister Kyriakos... for Greece, not a party-political gathering. SYRIZA referred to Mitsotakis’s remarks as “incendiary
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If you think it's bleak for Greece now, wait until tomorrow
Agoraand redirects those savings to investment exceeding the required level then the economy grows until it reaches... percent and it anticipates that it will take another 24 years, until 2040, before it drops to 12...-crisis levels of around 6 percent for another 44 years, or until 2060. In other words, one of the key
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Lowest income groups in Greece saw wages drop and taxes rise most during crisis
SocietyLower income groups in Greece saw their tax burden increase by 337.7 percent from 2008 to 2012... percent from 2008 to 2012, the bottom three income groups saw their earnings from wages sink the most...) was in the 5th decile while those at the top saw their wage income fall by 9.3 percent. It also finds
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Greeks seen working longer, until July 18, to meet annual tax bill
Societytax obligations to the state, under the hypothesis that all income until this point was given over... working until July 29 to cover all obligations to the state. This date has not changed for the last.... The study notes that for a third year, European Union workers saw their average “real tax rate” dip
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