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Greece's updated proposals to lenders and how they compare to previous efforts
EconomyProgrammewith estimated revenues at 350 million in 2015 and 800 million in 2016. This measure actually reverses... with estimated revenues at 135 million in 2015 and 270 million in 2016. This corresponds to a 1 percent... for supplementary funds from 3 to 3.5 percent with estimated revenues at 120 million in 2015 and 250
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In 9th post-bailout review, EC sees reforms slowing due to pandemic
EconomyProgramme, the impact of the RRF is yet to be factored in in any growth estimates. Fiscal Fiscally, Greece... remain in place since November. The Commission estimates support initiatives in 2021 to reach 6.5 pct of GDP, from 9.4 pct in 2020. Based on the latest GDP estimates this could well exceed
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Newsletter 286 - 26/02/2021
. On a positive note, the impact of the RRF is yet to be factored in in any growth estimates. Fiscally... restrictions remain in place since November. The Commission estimates support initiatives in 2021 to reach 6.5 pct of GDP, from 9.4 pct in 2020. Based on the latest GDP estimates this could well exceed
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The measures Greece is proposing to secure troika's return
EconomyProgrammewith estimated revenues at 350 million. The Finance Ministry (MoF) acknowledges that this measure would seriously... at 2015 levels. Cost savings are estimated at 50 million euros for 2016 and 140 million for 2017. MoF.... Crosschecking of family allowances granted to pensioners, with estimated cost savings of 23 to 37
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How big is the gap separating Greece and the institutions?
EconomyProgrammeto this year since the new VAT rates will be effective from July 1. Apart from the total estimated... to 3.5 percent with estimated revenues of 120 million for 2015 and 250 million for 2016... tax on gross revenues of Video Lottery Machines (VLTs) with estimated revenues of 35 million for 2015
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgramme, averaging 22 percent. This will have an estimated fiscal impact of 580 million euros. New Democracy has.... This means that the fall in revenues will burden the 2020 budget. It is estimated that the cut... reduction from 24 to 20 percent the following year. The cost of the second reduction is estimated at 600
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Q4 GDP contracts 0.6 pct QoQ, recession of 0.7 pct in 2015
EconomyMacroeconomypercent drop in Q3, the Hellenic Statistical Authority (ELSTAT) flash estimates showed on Friday... in Q4. ELSTAT said flash estimates are expected to be revised upon the release of provisional estimates due on February 29, also incorporating the December data for balance of payments
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Greece's latest GDP figures and what to expect for the rest of the year
AgoraThe flash estimates released by the Hellenic Statistical Authority (ELSTAT) on Friday were... be noted that consensus estimates and Reuters poll were pointing to a 0.2 percent drop and 0.1... a higher Q2 GDP (and consequently H1) figure in absolute terms versus earlier estimates. Although
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Bank of Greece sees potential for recovery, urges calm in negotiations
EconomyMacroeconomy. Following the better-than-expected GDP outcome in the 9-month period, BoG upgraded its macro estimates... in its previous forecasts released in mid-June. BoG retained unchanged its estimates for 2017 and 2018... by 3 percent also in 2019. For 2017, BoG estimates private consumption to increase by 1.3 percent
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PBO sees just 2.7% growth this year, warns about private debt
EconomyMacroeconomy, also updating its macro estimates for 2021. Following the extension of the lockdown into the full... for this year in Greece, Although the Finance Ministry’s estimates for 4.8 pct growth from the final budget... a revised figure of close to 3 pct. The PBO also provides a range of estimates, compared
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