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ND sees first tax cuts as fair, hopes to build case for lower fiscal targets
PoliticsGreek Politics, pointing to the 10 percent reduction in ENFIA for properties worth more than 1 million euros. SYRIZA... of taxpayers own properties worth more than 1 million euros. Vesyropoulos gave examples of how much..., and then a trip to see Mark Rutte on September 2 or 3, according to reports. The Greek prime
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Athens hopes lower bond yields strengthen case for reducing fiscal targets
EconomyProgrammebelow 2 percent and the yield of just 0.15 percent for the rollover of 6 months T-bills, he argued... of the official sector debt from the eurozone are around 1 percent. This has allowed interest payments to average... of a risk-free rate below 1 percent and 380 basis points (bps) risk premium for Greece. Over time
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Dec CPI up by 0.8 pct yoy as 2019 rise comes in at 0.3 pct
EconomyMacroeconomyin December a year ago. The core index edged up by 0.7 percent in December, from 1 percent in November... of 3.5 percent in transport, followed by health (+1.9 percent) and communications (+1 percent). Food... by decreases in recreation (-2 percent), household equipment (-1.3 percent) and alcoholic drinks
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Overall loan interest remains at 4.34 pct in December
EconomyMacroeconomyexisting loans dropped by 2 bps to 3.98 percent. The spread between existing loan and deposit rates... in the previous month. Deposits The overall weighted average interest rate on new deposits dropped by 1... interest rate on deposits from households with an agreed maturity of up to one year decreased by 1 bps
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Greece heads back to markets with 7-year bond in bid to boost own funds
Economyfor a 7-year issue hoping to attract around 2 billion euros. The debt strategy for this year... Stability Mechanism up to 4 billion euros in health-related expenditure and just above 1 billion euros... benchmark jumping from under 1 pct to 4 pct, before easing off after the ECB announced that Greece would
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Overall loan interest rate drops to 4.23 pct in May
EconomyMacroeconomyloans dropped by 2 bps to 3.86 percent. The spread between existing loan and deposit rates fell by 1 bps month-on-month to 3.72 percentage points. The average interest rate on consumer loans without... percent. The average interest rate on overnight deposits placed by households edged up by 1 bps
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OECD forecasts unemployment increase into 2021
EconomyFeaturesthe single hit scenario, Greece’s employment growth is set to fall by 3.5 percent this year and by 1... that unemployment is set to rise under three scenarios presented. Scenario 1 anticipates a GDP.... Scenario 2 sees GDP falling by 8 percent, leading to job losses of 153,000 while scenario 3, which
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IMF sees big dip of 9.5 pct for GDP in 2020 before mild recovery of 4.1 pct next year
EconomyMacroeconomyto its longer-term view of the Greek economy of growth 1 pct. Unemployment is seen rising just short... to 2025 with a deficit of 1 to 15 pct of GDP. The primary deficit will reach 6 pct of GDP this year..., and aim towards a 2 pct of GDP primary deficit, instead of a balanced like the authorities aim.
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Govt searches budget for space to adopt more Covid and energy relief
PoliticsGreek Politicsindustry federation claims he was taken by surprise by the 2 a.m. closing rule on one of the busiest... for the sectors most affected that the latest round of restrictions. The Covid reserves stand at 1... permits, which are expected to generate around 1 billion euros in income. Decarbonisation row
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PM pledges more support as he seeks to resist inflation, pandemic threats
PoliticsGreek Politics1, although he did not speculate on the number. Government sources had already indicated that the rise would be much higher than the 2 percent increase adopted on January 1. Nevertheless, Mitsotakis
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