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Newsletter 262 -04/09/2020
a primary deficit that is expected to reach 6 pct of GDP this year. The budget will be based... and pushing to 2021 around 1.5 to 2 billion euros of deferred tax and social security payments... was not as dramatic. In 2008, Greece was spending 3 pct of its GDP on defence. In 2018, this stood at 2 pct
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With prior actions pending, PASOK showing signs of adjustment fatigue
PoliticsGreek PoliticsGreece has to complete 12 “prior actions” to receive the next 2 billion euros of its bailout from.... The first set of prior actions are: 1) adoption of outdoor trade law 2) adoption of investment... of debt collections to tax administration 6) adoption of legislation to ensure access to medicines
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Newsletter 14 - 06/02/2015
(ENFIA abolition and new taxation) was estimated at 2 billion. However, citing government sources... of 300,000 euros. The estimated revenues from this new tax have not yet been disclosed. 2. Reports also... that this will happen gradually and following consultations with employers and unions. 6. Alternate Administrative
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Asking Greece to stack more austerity measures ignores past failings
Agorato 2018 and commit to an added 2 percent of GDP on stand-by in the event that targets are missed... an upwards-revised surplus of 705 million euros. This meant the target was missed by more than 2... package worth 2 percent of GDP, equally split between revenues and cuts, 2.4 billion euros on each side
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Overall loan interest drop to 4.30 pct in February
EconomyMacroeconomycorporations fell by 6 percentage points to 4.30 percent in February from 4.36 percent in January, data... average interest rate on all existing loans dropped by 2 bps to 3.95 percent. The spread between... interest rate on housing loans at a floating rate rose by 6 bps to 2.78 percent. The average interest rate
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Newsletter 249 -08/05/2020
every 1 to 2 weeks. As things stand, Greeks are not able to leave their regions but the government aims..., including VAT to be lowered to 6 pct and the trade tax to be scrapped. They also want their rent... by 7.5 percent and grow by 6 percent in 2021. For Greece, the Commission expects the economy
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Newsletter 352 - 23/09/2022
: Greece will stick to its commitments and deliver the primary deficit of 2 pct of GDP, although... as the targets up to August were comfortably beaten, by close to 6 billion euros. Revenues were 5.7 billion... expected before. The budget impact will be 4.3 billion euros, or 2 pct of GDP, with the Transition Fund
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Newsletter 376 - 31/03/2023
. The first Sunday of that month, July 2, is seen as the cut-off point for a second election..., which is expected to take place on May 2, will determine whether Ellines, the party of jailed Golden... will be dissolved anew by May 31, and new elections declared for July 2. The second contest would take place under
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Newsletter 401 - 10/11/2023
in September. ND has gained almost 2 points to reach 34.1 percent, while SYRIZA has lost almost 2... of the outperformance comes from the top line, as net interest income climbed to 6 billion euros in the 9M, which... the high cost of money as the stock of loans to corporations dropped by 2 pct of the total portfolio
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First positive reading for building activity in 6 months after 1.2 pct rise in May
EconomyMacroeconomyThe number of building permits issued in Greece rose by a modest 1.2 percent in May, after a nosedive of 36.5 percent in April, according to the Hellenic Statistical Authority (ELSTAT). The increase in May surface and volume was more pronounced at 10.2 ...
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