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Newsletter 168 -29/06/2018
is seen levelling off at 1 percent in the long-term, which translates into a 3 percent long-term nominal... in 2030 and below 100 to 96.4 percent in 2060. Gross financing needs (GFN) are expected to strongly...-term, while the debt stock to GDP falls below 100 percent by 2060. The European Commission also
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Newsletter 169 -06/07/2018
that it will be enough to secure enough votes to gain more than 3 percent in the elections and enter Parliament. New... of higher interest rates by 100 basis points and a primary surplus at 1.5 percent of GDP...-to-GDP over 100 percent. BoG anticipates Greek economic growth to pick up pace in the coming years
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The key points from lenders' proposals to Greece
EconomyProgrammeprimary surplus targets of 1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... corresponding to 3 billion euros for 2015. The first key measure involves reforming VAT.... The Greek proposal included 3 VAT rates at 6, 11 and 23 percent, The lowest rate of 6 percent
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammetargets for the next years: at 1 percent of GDP for 2015 (from 3 percent), 2 percent in 2016 (from 4.5 percent) and at 3 percent for 2016 and beyond (from 4.5 percent). 2) Lower privatization proceeds... with cumulative privatization proceeds of around 3 billion over the past 5 years and government’s vague
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No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgrammeor inequitable. 3) In view of any revision of the zonal property values, adjust the property tax rates... the expenditure ceiling for military spending by 100 million in 2015 and by 400 million in 2016... of beneficiaries in March 2016. 3) The application of a penalty equivalent to 10 percent on early
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economygrowth of 3 percent per annum in 2017-19. For 2016 in particular, the key drags to GDP involve: 1) Banks... that this amount will be subtracted from GDP 3) Negative carry-over effect from 2015 Positive effects could stem... growth, payments of arrears estimated at 3 percent of GDP and financing of a deficit just under 3 percent
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Is Greece on track to decouple from fossil gas?
Agoradecreased by 4.02 TWh, followed by industry (-3.37 TWh) and distribution networks (-1. 3 TWh). However...; this corresponds to a 67.3% decrease compared to the five-year average (Figure 3), which highlights industry’s potential to substitute gas with other fuels. Figure 3: Changes in fossil gas consumption
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A closer look at planned laws for unpaid taxes and home foreclosures
EconomyMacroeconomy: a) The abolition of the current 15,000-euro limit on unpaid taxes to qualify for the 100 instalments b... of total. Of this amount, the Finance Ministry aims to collect revenues of at least one-third or 3... of this category stand at 2.3 billion, making up just 3 percent of the total amount. In contrast, 326,000
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Greek gov't tables draft law on installments for unpaid taxes: Here's what's in it
EconomyMacroeconomy-third of the collectable tax arrears, around 3 billion euros. Regarding the impact these measures would... to 100 installments the cut in surcharges stands at 55 to 30 percent. If a taxpayer misses... is lowered to 3 (from 4.56) percent per year. A broadly similar process is provided for social
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Greece concludes regional airports deal, more privatisations lie ahead
Economy. The proceeds, including the regional airports, are seen at 3 billion euros. The deadline...) is expected to be concluded within the first quarter (Q1) of 2016, while the sale of 100 percent... being completed by mid-February. Pitsiorlas also said that the sale of 100 percent of Hellinikon
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