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Newsletter 192 -01/02/2019
to their high budget costs. IHS Markit found that cutting VAT and personal income tax helped raise... for everyone. This would have short-term benefits. But without attracting around 2 billion euros a year in FDI, the study concluded that Greece would remain stuck in a low-growth economic pattern. 2
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Primary surplus targets become part of main political agenda ahead of elections
PoliticsGreek Politicsas the demand for a primary surplus of around 2 percent for the medium-term beyond then. He argued... cuts but by also taking into consideration that the budget has overperformed over the past years... he is proposing in order to ensure that revenues do not fall short. “This country cannot grow a 2
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Newsletter 213 -07/01/2019
-execution of the public investment budget, is detrimental to growth. Non-Performing Loans (NPLs) remain... largest social security fund, which has close to 2 million members. The average gross monthly salary... salary dropped by 1.2 percent. 2 PMI falls to 52.4 in June Overall index fall but optimism holds
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Brussels urges Athens to remain on reform path as fourth post-MoU review looms
EconomyProgrammeof the efforts undertaken in the last decade. Growth has returned and is expected to exceed 2 percent this year..., with the yield of 10-year bond at around 2 percent. Both Commissioners in charge of overseeing Greece... and, most critically, the budget for next year, which could make an uncomfortable discussion
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Newsletter 218 -06/09/2019
be recorded as budget revenues and, in this way, allow for an indirect reduction of the fiscal targets... carefully” and reminded MEPs that the IMF feels the primary surplus should be between 1.5 and 2... increases for both these geographic areas came to 0.8 percent and 1.1 percent, respectively. 2 GDP
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IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap
EconomyProgrammedemographics. Based on the latest growth forecast of 2 percent this year and next and long-term... budget is submitted to the European Commission on October 15. According to Naftemporiki, the EU institutions have also asked the government for a detailed timeframe for the repayment of an estimated 2
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Latest T-bill auction highlights shift in Greek yield curve
Economyof 26-week T-bills on October 2 for the same amount produced a yield of 0.097 percent, while... curve over the last six months, with all issues up to 20 years now below the 2 percent threshold.... In the draft budget tabled in Parliament earlier this month, the Finance Ministry hinted at its aim
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Mission chiefs pick up fifth review baton as Greece mulls new bond issue
EconomyProgrammethat will allow the transfer of any additional budget surplus from one year to the next and the lowering... plans to raise 2-2.5 bln euros and the yield is expected to be around 2 pct, if a landmark 15-year bond... operations, 2) Lower funding costs further, 3) Contain interest rate, FX and refinancing risks.
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Economic relief eyed as Greece launches fourth round of lockdown easing
PoliticsGreek Politicsthat mean there can only be one customer for every 2 square metres and no more than six people in total... being allocated to Greece. Athens believes this could be converted into a 1.5 to 2 pct annual boost... to the suspensions of contracts, although the hole will be plugged by the state budget. However
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Newsletter 253 -12/06/2020
budget. Earlier this week it emerged that 20 million euros were spent on public information campaigns... of January that fetched a yield of 1.91 pct and the 7-year issued in April of 2 billion euros... in the first scenario and by 17.3 percent in the second, with rebounds in 2021. 2 Unemployment rate
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