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Newsletter 498 - 13/03/2026
to a frontline member state during this crisis - was designed to send a message: Cyprus is European... of Greece (NBG) estimates that if current conditions extend into April, they could trim half a percentage... to be felt in their operations, initially through energy channels. If the estimates of many analysts
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What would a clean bailout exit for Greece mean in numbers?
Agora) and has additionally disbursed 12 billion during the second program in the form of an Extended Fund... alone. The servicing costs are an estimated 1.6 billion euros, by far the heaviest part of Greece’s... as normal and interest payments have an estimated budget impact of less than 500 million euros
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Greece steps up efforts for early bailout exit but lenders play it coy
PoliticsGreek Politicsto this during Friday’s speech in Parliament, saying that discussions with the country’s lenders...) in order to reduce its debt and the deficit targets it has to meet in the coming years. It is estimated... needs for next year are estimated at 18.8 billion euros by the IMF. It appears that the government
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Snap elections in Greece bring state's liquidity constraints into focus
Economy. These mainly comprise of interest payments (2.2 billion) and IMF repayments estimated at 1.6 billion. On top of that there is also the need to roll over T-Bills expiring during Q1. The worst-case scenario... billion has already been used. b) Cash reserves of the central government, which are estimated at 1
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Finance Ministry outlines plans for making savings, increasing revenues
EconomyProgramme1.5 billion euros in the medium- to long-term, according to Mardas. During the presentation... in Parliament earlier this month, Mardas estimated that the streamlining of all public procurements... to tobacco smuggling are estimated at 800 million euros, while measures targeting their illegal trade could
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Proposed VAT overhaul a stepping stone towards agreement with lenders?
EconomyProgrammeYiannis Varoufakis. Varoufakis made the comments during a wide-ranging interview with Star TV on Monday... level of 23 percent to 15-18 percent. Multiple benefits? Varoufakis did not indicate the estimated... to tackle VAT evasion, which is estimated at around 9.5 billion euros a year. This is an extremely high
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European Commission evaluates impact of bailout programme
EconomyProgrammeregions. To ensure a smoother transition during the phase out period, a limited compensation package... period is estimated to stem from pension reforms (1.9 percent of GDP) followed by VAT (1.1 percent... is estimated to increase revenues by around 1 percent of GDP with current VAT revenues accounting
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammeMonday of each October and has to be submitted to the European Commission by October 15. During... percent (estimated revenues at 410 million), rise in the solidarity levy rates for individual annual... fiscal measures were estimated to increase revenues by 3.18 billion (1.8 percent of GDP) on an annual
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammeand in the plenary during the weekend, while the vote is scheduled for Sunday afternoon. As expected, the bill... of indirect taxes are either increased or introduced with estimated revenues of 1.6 billion euros. The most... as of June 1 with estimated annual revenues of 437 million and a rise in the excise tax on cigarettes
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Some progress in first round of talks but most second review issues remain unresolved
EconomyProgrammea joint statement, presented different views during their meetings with the mission chiefs on October... programme review, the GMI cost is estimated at 0.5 percent of GDP and will be covered through permanent... whether next year’s targets can be achieved. A fiscal gap of 0.2 percent of GDP is estimated for 2017
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