New twist in Hellinikon saga as Lamda goes it alone
Moody's holds on rating update stressing need for reform
Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
New government sets sights on sustainable and wide-reaching tourism industry
Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
Bonds enjoy great buoyancy but remain some distance from investment grade
Revenues of 1 pct of GDP targeted from changes to income tax and solidarity levy
The government and the institutions have broadly agreed that circa 1 percentage of the anticipated fiscal gap of around 3 percent of GDP by 2018 would be covered by the overhaul of the tax system.
This would be brought about through a combination of broadening the tax base, which is favoured by Greece's lenders, and the “reasonable and fair tax increases for certain income brackets” which shifts the tax burden from the low to the higher incomes a...
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