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EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus
EconomyProgrammetarget of 3.5 percent by 2018 that would be covered by: 1) A holistic pension reform yielding savings of 1 percent of GDP and would also compensate for the Council of State decision ruling... tax reform (1 percent of GDP), including a lowering of the tax-free threshold to 8,182 (compared
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Newsletter 70 - 15/04/2016
of 3.5 percent in 2018 that would be covered by interventions in the pension system (1 percent), personal income tax (1 percent) and a series of parametric measures (1.2 percent). The draft IMF... pension reform (1 percent) and personal income tax (1 percent) as well as from VAT reform and the wage
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Tsipras sails through multi-bill vote, looks to disbursement and debt relief
PoliticsGreek Politicsall of his 153 MPs support the legislation despite it containing another 1 percent of GDP in tax.... Other late changes saw the tax on beer increase from June 1, 2016 (instead of of Jan 1, 2018) and a broadband levy introduced from Jan 1, 2017 (instead of Jul 1, 2017). However, Tsipras saved the most
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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyratio of 180 percent a reduction in the average interest rate by 1 percentage point (pp) reduces the debt ratio by 1.8 pp, while a rise in the primary surplus by 1 pp of GDP lowers the debt ratio by only 1 pp. Last May’s Eurogroup set the goals for gross financing needs (GFN) below 15 percent of GDP
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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgramme(MTFS) for 2018-2021, a pension reform with net savings of 1 percent of GDP in 2019-2021 and a personal income tax (PIT) reform also delivering net savings of 1 percent of GDP in 2020 and 2021... assessment. Furthermore, a targeted spending package and a growth-enhancing tax package each yielding 1
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Newsletter 144 -15/12/2017
Democracy by 2.5 points since the last survey in June. Support for New Democracy rose by 1 point to 30.7... production index (+1 percent). The water supply production index fell by 2.6 percent, and the manufacturing... from non-euro countries within the EU increased by 1 percent to 1.01 billion. According to SETE’s
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Newsletter 161 -11/05/2018
the new rates to be in place on June 1, it wants to avoid any sharp rises in working class... percentage points. The Greek lenders started the exercise with Common Equity Tier 1 (CET1) ratios.... This demonstrates the multiplier effect that tourism has on the economy, in that for every 1 euro
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About last night
Agorahalf a day to reach a deal at 1:30 a.m. on Friday regarding the package of debt interventions... in from 2023, when the previous grace period was due to expire. This would require an additional 1 billion... expenditure by 1 percent of GDP and increase the tax base by lowering the tax-free threshold to bring
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Athens aims for November agreement with lenders on pension cuts
EconomyProgrammeto ensure that the 1 percent reduction in pension spending is not implemented. To Vima reported... agreed with the lenders that as of next year there could be a 1:1 ratio for hirings and departures in the civil service, as opposed to the 1:5 ratio that has been in place for the past few years
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Productivity developments in the Greek public and private sector
Agora. There is no contested market for government services (at least not in the short run[1... numbers of real GVA per employee are shown in Figure 1 (index Q1 2001 = 100), together... of Figure 1 jump out immediately. Overall productivity increased in the initial boom years after euro
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