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Newsletter 192 -01/02/2019
that the minimum wage was increased later than it should have been and that next year’s lower tax-free... at. Specifically, the comparison was made with Portugal, which has a yield that is eight times lower... sectoral level agreements that benchmarked against it, pushing lower the overall labour cost
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Eurosystem funding falls by 1.24 bln in Jan, banknotes in circulation fall below Nov 14 figure
EconomyMacroeconomybillion euros. The majority of the fall (86.48 billion) originated from a lower reliance on ELA... of the waiver on Greek government securities along with the lower haircut applied on ELA collateral...-euro mark for a full year. The total figure is now 2.52 billion euros lower than the November 2014
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Eurosystem funding falls by 825 mln in Feb, banknotes in circulation rise by 50 mln
EconomyMacroeconomybillion euros. The majority of the fall (86.68 billion) originated from a lower reliance on ELA... of the waiver on Greek government securities along with the lower haircut applied on ELA collateral... billion-euro mark for over a full year. The total figure is now 2.47 billion euros lower than
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Eurosystem funding falls by 625 mln in Mar, banknotes in circulation rise by 120 mln
EconomyMacroeconomy. The majority of the fall (107.23 billion) originated from a lower reliance on ELA funding. The decline... government securities along with the lower haircut applied on ELA collateral and participation of Greek... figure is now 2.35 billion euros lower than the November 2014 figure of 30.14 billion, noted before
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Athens revises projections in Stabilty Programme, sees more fiscal space in coming years
EconomyProgrammeconsidered include keeping the current level of tax-free threshold, reduce the base tax rate, lower the VAT rates and shift some goods to the lower band and lower further the ENFIA property tax. Over
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Eurosystem funding rises by 84 mln in Apr, ELA eliminated
EconomyMacroeconomybillion) originated from a lower reliance on ELA funding. The decline in central bank funding across... with the lower haircut applied on ELA collateral and participation of Greek banks’ EFSF holdings in the ECB... for four consecutive months. The total figure is now 2.05 billion euros lower than the November 2014
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EC warns budget not on track due to handouts, advises against further underspend
EconomyProgrammeof voter-friendly measures that included a bonus pension and lower VAT rates for a number of processed... underspend in 2018, 1.12 billion came from lower investment spending and another 1.16 billion from... would partially offset the lower revenues from the VAT reduction. European technocrats believe
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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomyof this fall (107.24 billion) originated from a lower reliance on ELA funding. The decline in central bank... securities along with the lower haircut applied on ELA collateral and participation of Greek banks’ EFSF... for banknotes in circulation is now 2.01 billion euros lower than the November 2014 figure of 30.14 billion
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Eurosystem funding rises by 539 mln in June, banknotes in circulation also up
EconomyMacroeconomy. The majority of this fall (107.24 billion) originated from a markedly lower reliance on ELA funding... of the waiver on Greek government securities along with the lower haircut applied on ELA collateral... lower than the November 2014 figure of 30.14 billion, noted before the political turmoil
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgrammeto start discussing the issue, and pushing for lower targets, after spring 2020, when Eurostat... of cuts lined up for next year, including lower corporate tax, VAT, solidarity tax, trade tax... and that will lead to debt sustainability. This could lead to even lower market rates.” Regling underlined
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