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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
EconomyThe European Central Bank decided on Monday to maintain the Emergency Liquidity Assistance (ELA) limit for Greek banks at June 26 levels, when it was raised for the last time. This means that the ELA limit remains at around 89 billion euros. Although this could be perceived as a slim positive
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Greece submits proposals to lenders in hope of paving way for agreement
EconomyProgramme’ proposal. The other measures include increasing the corporate tax rate from 26 to 28 percent
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The key numbers behind the latest Greek proposals
EconomyProgrammethe corporate tax rate from 26 to 28 percent with estimated revenues at 260 million in 2016 2) Increase
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgramme) for fire and to 15 percent (from 10 percent) for autos. The corporate tax rate rises from 26 to 29
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IMF urges substantial debt relief for Greece
EconomyProgrammeThe International Monetary Fund published late on Tuesday an update of the preliminary debt sustainability analysis (DSA) that was released on June 26, arguing that Greek debt has become highly unsustainable. The IMF stresses that the closure of Greek banks and the imposition of capital controls
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Bank holiday to end but capital controls remain and some transactions forbidden
Economyto August 26. In addition, the payment of the first instalment of personal tax income was also extended
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Most Greek businesses feel capital controls impact, 69 pct see turnover drop
Economy3 percent. Increasing liquidity is also seen as a top priority (26 percent) in the long run with tax
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Economic sentiment fell to 81.3 in July for the sharpest historical monthly drop
EconomyMacroeconomy2012. Since then, it had posted a considerable improvement by more than 26 points until June 2014
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Greek government commits to new fiscal measures for third bailout
EconomyMacroeconomyincreasing to 20 percent in 2016 and further to 26 percent in 2017 4) Tax on television advertisements 5
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Greece commits to ambitious privatisation targets as part of new bailout
EconomyProgramme. In its preliminary Debt Sustainability Analysis (DSA) of June 26, the International Monetary Fund
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