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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammein employment by 1–1.8 percent each year in 2017-2021 will drive the unemployment rate lower from 23.5... savings of 1 percent of GDP each in 2019 and 2020 respectively and the implementation of counter... billion include a reduction in: the lowest personal income tax rate from 22 to 20 percent (877 million
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Newsletter 48 - 23/10/2015
(CoCos) and shares. CoCos would bear an annual coupon of 7–9 percent, according to market sources... reports indicate it could not fall below 20 percent or more than half of the current levels. Greek banks... the bail-in is triggered. Thus, the market currently expects that 5–7 billion would have be raised
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Institutions back in Athens to resume review, agree new measures
EconomyProgrammethe February 20 Eurogroup, when it was decided that the four institutions and the Greek authorities had...), energy (noon), overview (7 pm) and fiscal (8.30 pm), according to Finance Ministry sources. Following... of 24 percent by 1 percentage point. On the issue of the new privatisation and investment fund (HCAP
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Newsletter 234 -10/01/2020
leader, around 20 pct would also be used for targeted social spending. He took this matter up... euros last year. The balance for local governments fell by 384 million euros to stand at 20 million... points. The overall weighted average interest rate on new deposits dropped by 1 bps to 0.19 percent
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgramme36 billion. These additional funding needs stem from: 1) Lower fiscal targets (additional needs... targets for the next years: at 1 percent of GDP for 2015 (from 3 percent), 2 percent in 2016 (from 4.5... of Greece fell to less than 1 billion at the end of May against a target of 5 billion in 2015 and 8
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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammegovernment had voted on July 15 a series of pension reforms, which mainly included: 1) An increase... contributions (zero-deficit clause) from January 1, 2015. A ministerial decision for the integration of 11 supplementary funds into ETEA was signed on August 25 and become effective as of September 1
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Deposits rise to 124.6 bln in Oct on inflows of 1 bln
EconomyMacroeconomy-financial corporations recorded marginal outflows of 20 million. Following the evolution in October
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Unemployment at 18.9 pct in August, unemployed remain under 1 mln
EconomyMacroeconomypercent. August’s figure marks the fifth consecutive month that unemployment has remained under 20
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Another 1 bln added in July to unpaid taxes in Greece, which total almost 68 bln
EconomyMacroeconomylow of 400-500 million recorded in April and May. The first-half target of legacy debt payments of 1... at 994 million. The MoF aims to collect an additional 1 billion euros in the second half of 2014, which
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Greek banks' Eurosystem funding rises again in November, up by 1 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding increased for the second straight month in November, when it rose by 1 billion euros, according to the Bank of Greece's (BoG) monthly financial statement on Wednesday... from 43.85 billion in October. This reflects a 1 billion rise in main refinancing operations, while
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