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  1. Newsletter 255 -26/06/2020

    Newsletters

    be broadened so that another 1 billion euros is returned to firms. The process of returning the tax... million for the property tax reduction and 1 billion to reduce social insurance contributions... for a primary surplus of 1 to 1.5 percent of GDP. Also, the pan-EU Recovery and Resilience Fund proposed

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  2. Greece - On the importance of productivity growth

    Agora

    , on average. Table 1 presents key statistics to support our bearings. The population data come from... the 1970s onwards.[1] All industrial countries show this pattern. This development is not particular... of productivity growth recovering to around 1 percent a year. We also accept this assumption for Greece. [2

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  3. Productivity developments in the Greek public and private sector
    Photo by MacroPolis

    Agora

    . There is no contested market for government services (at least not in the short run[1... numbers of real GVA per employee are shown in Figure 1 (index Q1 2001 = 100), together... of Figure 1 jump out immediately. Overall productivity increased in the initial boom years after euro

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  4. ProMacro_Scope
    No image available

    ; margin: 12px 0 4px; align-items: flex-end; } .filter-block { flex: 1 1 220px; min-width: 220px...; } .chart-col { flex: 1 1 0; min-width: 350px; } .chart-block { margin-top: 6px; min-height: 300px

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  5. Greek banks' capital backstop and the funding gap: An uneasy relationship
    Photo by Harry van Versendaal

    Economy

    billion taking also into account: a) proceeds of circa 1 billion stemming from: one-off presubscription... related to bank recap (110 million), interest income (232 million) and b) an amount of 1 to 1.2... at the end of June - the definition of the Core Tier 1 threshold with a reduction by 1 percentage point

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  6. Greek primary budget surplus at 707 mln as revenues beat target in May

    Economy

    billion). The upward revision mainly stemmed from higher revenue targets (by 1 billion) counterbalancing... exceeding 1 billion euros per month. Indirect taxes continued were in line with the target despite... period to 9.11 billion euros. VAT rebounded 1 percent in May, while the 5-month figure eased 1.3

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  7. Newsletter 23 - 17/04/2015

    Newsletters

    that an additional 1 billion euros in NPLs was created in March. If confirmed, this three billion... tier 1 (CET1) ratios stood at adequate levels at the end of 2014, ranging from 12.1 percent... by one notch to “CCC+/C”. It estimated that the Greek economy has shrunk by 1 percent over the last six

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  8. Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    PoliticsGreek Politics

    . According to reports, this year’s target will be 1 percent of GDP rather than 3 percent, 2 percent in 2016... that the government will have to adopt 3 billion euros worth of fiscal measures, against the 1 billion euros... for incremental revenues of 1.8 billion euros, or 1 percent of GDP, from the changes. At the moment, food

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  9. Minor movements in Greek deposit and loan rates in April

    EconomyMacroeconomy

    The interest rate on Greek households’ new time deposits eased by 1 basis point (bp) to 1.82... in the time deposit rate led the average rate on new deposits down by 1 bp accordingly to 1.12... for higher amounts up to 1 million rose by 15 bps to 5.19 percent, while the lending rate for amounts

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  10. Newsletter 34 - 10/07/2015

    Newsletters

    . The document indicated that VAT reform will target net revenue gains of 1 percent of GDP... percent of GDP in 2015 and 1 percent in 2016. There are a number of tax increases, including... cards. Their only option was to visit one of the 1,000 bank branches that opened as of July 1 to serve

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