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Newsletter 16 - 20/02/2015
owe less than 5,000 euros, stand at just 3 percent (2.3 billion) of the outstanding amount of 76... to collect at least one-third, or 3 billion. The presented initiatives would amend the current legislative framework to allow those owing more than 15,000 to pay the debt in 100 instalments (as opposed
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Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct
Economyto a revenue shortfall of 968 million, while expenditure was almost 100 million better than target... percent to 351 million, just 29 million short of target, while consumption taxes fell by 3 percent... obligations in up to 100 instalments. According to the Alternate Finance Minister Nadia Valavani
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BoG report outlines benefits of surveillance and scenarios for debt
EconomyBankingrelief are applied, by 2060 the debt is seen well below 100 percent of GDP at 80 percent. BoG examines in scenario 3 primary surpluses lower than 2.2 percent that the Eurogroup assumed, at 1.5 percent.... Scenario 4 looks at the Eurogroup measures but higher interest rates of market access by 100 basis points
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Great Expectations: Is Greece 2.0 hitting the target?
EconomyFeatures(including both grants and loans) have been allocated to the 100 largest recipients, with individual... of the top 100 allocations, totalling 9.7 billion euros split between 58 recipients, with loans only making up the remaining 24 percent, roughly 3 billion euros, split between 42 recipients. The largest
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Where next for Greece's troubled privatisation programme under SYRIZA?
Economyto almost 3 billion and mainly relate to projects completed by the end of 2013. For most of 2014.... The agreement for the sale of 100 percent of Hellinkon SA to a Lamda Development led consortium... by the Technical Chamber of Greece showing that the site of the old Athens airport is worth 3 billion
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Greece submits reform proposals but Eurogroup unlikely to be moved
EconomyProgrammeindependent and/or regulatory entity. 3. The third reform is linked to revenue administration.... Although Valavani had indicated the government would target revenues of 3 billion, the list does... and reward those who pay the full amounts of tax debt upfront versus those who pay in (up to 100
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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammewho pay in (up to 100) instalments. Note that the previously announced 50 percent haircut on tax... amount. This means that settled arrears could reach around 3 billion, while the targeted revenues... allowance of 100 euros per family per month for up to 300,000 households budgeted at 137.7 million
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomy14.34 billion this year. In addition, interest payments are seen down by 100 million to 5.55 billion...) Change in rates and extension of solidarity levy (678 million) 3) Increase in the excise tax... for the protection of indebted households’ primary residence (100 million) 2) Savings from non-public sector
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Where is Odysseus? Part 5 - Productivity
Agora. This shows an index (2000Q4=100) of annual average employment (persons), based on the Labor Force... calculate the path for real GDP per person employed. That is average labor productivity. Figure 3 presents... productivity (in most countries), whereas the private sector tends to have higher productivity.[3] Thus
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Rate of credit contraction rises to 3.7 pct in July, balances fall
EconomyMacroeconomywith that of March are the highest readings so far in 2014. In particular, housing loan balances fell 3 percent.... Balances amounted to 27.64 billion with net deductions increasing to 75 million from just 3... arrangements for that type of debtors under a strict time frame. The Code is effective as of January
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