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Greece's updated proposals to lenders and how they compare to previous efforts
EconomyProgramme60 million in 2015 and 300 million in 2016 from 71 million for 2016 in the previous proposal. 2..., employer social security contributions (SSC) were reduced by 2.9pp and employees’ by 1pp. 3) Increase... for supplementary funds from 3 to 3.5 percent with estimated revenues at 120 million in 2015 and 250
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Going for Growth: What next for Greece's economy and banks?
Agorawith 18.6 percent unemployment[2], millions of Greeks still don’t have work or a path to a better... dollars and the GDP per capita was 28,900 dollars[3]. In Q4 2018, those figures stood at 218 billion... of capital have entered the country (figure 2) which is a positive sign of encouraging growth
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Newsletter 47 - 16/10/2015
expects a bigger decline in 2016, when it believes GDP will fall by 2 to 3 percent. In its latest Greece... statements they expect a softer GDP contraction of between 1.5 to 2 percent this year... and 3.3 percent YoY in Q3 and by a further 2 percent QoQ and 5 percent YoY in Q4. The full-year
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A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
Economycost of 13.5 billion with its key pillars addressing the humanitarian crisis (2 billion), restoring... is estimated at 2 billion euros. SYRIZA leader stressed that the implementation of those measures... is projected at 2 billion. Ηe also declared that the objective property prices will be (downward
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The key points from lenders' proposals to Greece
EconomyProgrammeprimary surplus targets of 1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... corresponding to 3 billion euros for 2015. The first key measure involves reforming VAT.... The Greek proposal included 3 VAT rates at 6, 11 and 23 percent, The lowest rate of 6 percent
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economygrowth of 3 percent per annum in 2017-19. For 2016 in particular, the key drags to GDP involve: 1) Banks... percent of total loans 2) Government has committed to increase public savings meaning that this amount will be subtracted from GDP 3) Negative carry-over effect from 2015 Positive effects could stem
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Newsletter 222 -04/10/2019
Thomas Cook for 1, 2 and 3 star hotels came to an average of 48 percent of overall turnover... to face losing 69 percent of their turnover in 2020, while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39, 33 and 26 percent, respectively. 2 Loan interest
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How SYRIZA says it will fund its economic policies
Economypillar, 3 billion to employment and 1.86 billion to humanitarian crisis. SYRIZA claims... buffer, which currently stands north of 11 billion euros. SYRIZA anticipates that 3 billion euros... private debt (2 billion) and the establishment of new banks (1 billion). However, the use of HFSF
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Growing hopes that Greek recession will be milder than expected
Economythis year, which is much softer than its previous forecast for a recession of 2 percent for 2015. Note, though, that the bank expects a bigger decline in 2016, when it believes GDP will fall by 2 to 3... by 1.5 to 2 percent this year, on the back of a drop in private consumption by 1.5 to 2 percent
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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomy: 1) GDP growth in line with the adjustment programme until 2022 and 1.5 percent thereafter 2) Inflation close to 2 percent until 2019 3) EFSF and ESM loan rates of 2.6 percent in 2020 and 3.5 percent... of debt relief measures that would allow Greece’s primary surplus target to be lowered to 2 percent
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