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Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
EconomyMacroeconomyThe multi-bill tabled in Parliament on Wednesday evening included a set of parametric fiscal measures yielding around 1 percent of GDP that completes the 3 percent of GDP in fiscal interventions that Greece has to make by 2018 as part of the first programme review. The bulk of the latest set
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgramme-tranche of 2 billion euros to Greece after the completion of the first set of milestones as well... on the second set of milestones that have to be implemented by mid-December to unlock the next sub-tranche of 1 billion. Eurogroup President Jeroen Dijsselbloem said that the pension reform has been moved
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Has external competitiveness been fixed in Greece?
Agorathe euro zone is an important indicator of significant progress. Figure 1 above shows some summary... in these calculations from figure 1 above? The lower bold line of figure 1 is the IMF’s REER.... Why 1992? We will explain shortly. Let us first look for the same concept of the REER in figure 1
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The case of SYRIZA's fiscal performance
Agoraas regards the overall fiscal balance on an ongoing basis. Figure 1 below shows in the bold line what this 12-month moving average looks like from December 2013 through August 2021. Figure 1 also... be rolled over, and that no new net debt be incurred.[1] To allow for “normal” shocks and noise around
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Newsletter 52 - 20/11/2015
passed the omnibus bill containing the last set of prior actions to unlock the next sub-tranche of 2... percent of GDP in 2015 and around 1 percent in 2016. In mid-July, the government legislated... into the Unified Auxiliary Insurance Fund (ETEA). The first set of new pension measures would reportedly target
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammecontributions for supplementary pensions by 1.5 percentage points (pp), 1 pp for employers and 0.5... in contributions e.g. for 1 pp in total. This means that the government has to consider alternative measures... by 1.13 billion, there are several items worth around 1 billion (0.6 percent of GDP) in the 2016 budget
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China’s Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agora. All three countries are land-locked states which offer a different set of opportunities...’s export destination.[1] As a land-locked country in the Western Balkans, the FYR of Macedonia... China-Balkans Summit under the 16+1 umbrella was held in Belgrade in December 2014. Seen from a Chinese
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Newsletter 170 -13/07/2018
on the five islands. The savings are set to come from reductions to the defence budget. Tsakalotos also had to commit that the VAT rate will be raised from January 1, 2019 on Chios, Kos, Leros, Lesvos and Samos... not constitute a fourth programme for Greece, Brussels set out the key parameters for enhanced
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Stock taking: Where is the Greek economy now?
Agoraevents in our daily lives.[1] This also holds true for thinking about the macroeconomy of Greece. We can... ineffective, discriminatory, set up a new clientele (of which Greece is already overflowing), and pit one... an important pension/labor reform in 2021, intended to set up funded retirement schemes and thus to diversify
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With prior actions pending, PASOK showing signs of adjustment fatigue
PoliticsGreek Politics. The first set of prior actions are: 1) adoption of outdoor trade law 2) adoption of investment.... The second set consists of: 1) adoption of the necessary legislation to merge all... had to complete six tasks to receive the June instalment of 1 billion euros and another six to get 1
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