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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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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... at a deficit of 7.01 billion euros. The budget primary balance for the same time last year came... million euros. Bank of Greece funding was unchanged month-on-month at 1.44 billion. Guarantees
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EU-Greece island containment policy slammed as refugees endure squalid winter camps
Societyto endure on the islands. This is the second winter that this issue has been raised. Last year... this year put estimates of aid funding received by Greece at around 803 million dollars since 2015..., which directed EU funding to Greek authorities rather than NGOs, prompted many NGOs to scale back
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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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Survey reveals working lives, job-finding trends of young Greeks
Societysaw it through to completion. This tended to be people who have completed tertiary education and Greek... surveyed said that they found no type of support helpful. When it comes to finding a job, the most
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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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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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April saw first rise in Greek banks' Eurosystem funding this year
EconomyMacroeconomyGreek banks’ Eurosystem funding increased by 1.27 billion in April, showing a monthly rise... of March. The monthly increase primarily stems from a rise in ECB funding by 1.03 billion to 58.84 billion. In addition, the Emergency Liquidity Assistance (ELA) funding slightly grew by 0.24 billion
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Explanations sought as PM backs away from prospect of early elections
PoliticsGreek Politicswas made up not to pull the trigger because he saw that New Democracy is maintaining as steady lead over... the authorities are expected to endure over the winter. Although Mitsotakis could still change his mind..., or ND needing, and perhaps not finding, coalition partners after a second ballot, under enhanced
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Tsipras sails through multi-bill vote, looks to disbursement and debt relief
PoliticsGreek Politics’ court regarding the disbursement of bailout funds and debt relief. Prime Minister Alexis Tsipras saw... this tough period strengthened even though he had to endure stinging criticism from the media.... Other late changes saw the tax on beer increase from June 1, 2016 (instead of of Jan 1, 2018
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