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  1. Greek travel receipts rise 9.1 pct in January as surplus doubles
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel receipts rose by 9.1 percent in January, after a modest increase of 1 percent..., up by 1 million compared to the 2014 figure, and direct tourism revenues above the 2014 level... Chairman Andreas Andreadis recently said that the euro’s drop against the US dollar to almost a 1:1

    4%

  2. Greece and lenders fail to bridge their differences in Brussels

    PoliticsGreek Politics

    (roughly 1 percent of GDP) to pensions and another 1.8 billion euros per year to be raised from increases... a change in the VAT rates (6, 11 and 23 percent) with estimated additional revenues of around 1 billion... of the institutions’ demand for incremental revenues of 1.8 billion (1 percent of GDP) from VAT changes

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  3. Athens and creditors edge closer on tax and pensions but gap remains on NPLs

    EconomyProgramme

    issues that need to be settled are: 1) The national pension, with lenders insisting the whole amount... contributions for supplementary pensions, but at a lower rate of up to 1 percentage point (pp) vis... of pension cost savings of 1 percent of GDP (1.8 billion euros) in 2016 to be met. Such a development would

    4%

  4. Greece and creditors eye compromise to move review along

    PoliticsGreek Politics

    of measures (1 percent of GDP from pensions, 1 percent from direct taxes and 1 percent... of the measures, particularly the 1 percent of GDP in extra fiscal interventions, and doubts... should resist demands from the IMF for the 1 percent of GDP in supplementary measures (which

    4%

  5. EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus

    EconomyProgramme

    target of 3.5 percent by 2018 that would be covered by: 1) A holistic pension reform yielding savings of 1 percent of GDP and would also compensate for the Council of State decision ruling... tax reform (1 percent of GDP), including a lowering of the tax-free threshold to 8,182 (compared

    4%

  6. Newsletter 70 - 15/04/2016

    Newsletters

    of 3.5 percent in 2018 that would be covered by interventions in the pension system (1 percent), personal income tax (1 percent) and a series of parametric measures (1.2 percent). The draft IMF... pension reform (1 percent) and personal income tax (1 percent) as well as from VAT reform and the wage

    4%

  7. Tsipras sails through multi-bill vote, looks to disbursement and debt relief
    By MacroPolis

    PoliticsGreek Politics

    all of his 153 MPs support the legislation despite it containing another 1 percent of GDP in tax.... Other late changes saw the tax on beer increase from June 1, 2016 (instead of of Jan 1, 2018) and a broadband levy introduced from Jan 1, 2017 (instead of Jul 1, 2017). However, Tsipras saved the most

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  8. Greece agrees package of measures with IMF, eurozone to seal review
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    as the pension cuts and reduction in the tax-free threshold yielding 1 percent of GDP each in 2019 and 2020... involve spending increases in 2019 and tax relief in 2020 to the tune of 1 percent of GDP each... to net pension savings of 1 percent of GDP in 2019 by extending the rules of last year’s pension

    4%

  9. Newsletter 144 -15/12/2017

    Newsletters

    Democracy by 2.5 points since the last survey in June. Support for New Democracy rose by 1 point to 30.7... production index (+1 percent). The water supply production index fell by 2.6 percent, and the manufacturing... from non-euro countries within the EU increased by 1 percent to 1.01 billion. According to SETE’s

    4%

  10. Newsletter 157 -30/03/2018

    Newsletters

    will be released on Wednesday, with another 1 billion to follow for arrears clearance after May 1... pensions (and possibly cutting the tax-free threshold for incomes) by 1 percent of GDP in 2019.... Credit contraction at 1 pct in Feb Monthly figure driven by lower household and corporate lending

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