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Newsletter 4 - 21/11/2014
percent incorporated in the medium-term fiscal strategy (MTFS) and the 2 percent in the draft budget... an increase in both the manufacturing as well as the mining and quarrying sectors by 1.8 and 2 percent... grew to 3.75 billion, a rise of 56.3 percent year on year. 2 Waiting for Godot in Greece
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Newsletter 8 - 19/12/2014
in the 10-month period. Of this, 1 billion was recorded in January, while time deposits posted inflows of 2... elections (3 billion), 22-26 March 2010 when rumours of an imminent default prevailed in the market (2... is the highest reading since Q4 2012. The wages index stood at 85.8 in Q3, the highest reading since Q4 2012. 2
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Fitch keeps Greek rating at 'B' but downgrades outlook to negative
Economyhas moderated its stance since 2012 advocating: 1) Greece to remain in the eurozone 2) Commitment... with the troika, a development that would create serious strains in the state’s cash flow. 2) A worsening... and timely agreement with official creditor that could stabilize the Fitch’s rating outlook. 2
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Newsletter 12 - 23/01/2015
whether Antonis Samaras should continue as the conservative party’s leader. A small defeat of about 2.... Kathimerini daily noted that extraordinary T-Bill issues of 1.5–2 billion may be required to cover... time since Q1 2010. Household disposable income has shrunk by 27.1 percent in five years. 2 Looking
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The immediate economic and financial hurdles for the new Greek government
EconomyProgramme2 billion euros and new funding could stem from extraordinary T-Bill issues of 1.5 – 2 billion... at circa 2 billion. However, since the previous government has exhausted the 15-billion-euro limit
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Newsletter 14 - 06/02/2015
(ENFIA abolition and new taxation) was estimated at 2 billion. However, citing government sources... of 300,000 euros. The estimated revenues from this new tax have not yet been disclosed. 2. Reports also... figure of 2.82 percent. The December rate marks a new historic low during Greece’s euro membership. 2
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Greece's fiscal, debt and funding goals as set out at Eurogroup
EconomyProgrammean interest of around 2.5 percent, have a maturity of 39 years and amortize from 2023 until 2054. 2... execution showed a revenue shortfall of 2 billion euros as of January and Varoufakis suggested..., tax evasion and corruption 2) better control of transfer pricing in companies active abroad, 3
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The key points from lenders' proposals to Greece
EconomyProgrammeprimary surplus targets of 1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... for everybody retiring after June 30 2) Consolidation of all supplementary pension funds... and the government will not intervene in any way in the day-to-day decision making and management. 2) The BoD
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Newsletter 29 - 05/06/2015
surplus targets to 1 percent of GDP for 2015, 2 percent in 2016, 3 percent in 2017 and 3.5 percent... the solidarity levy rates for individuals whose annual income is between 30,000–50,000 euros by 2 percent... for the ninth successive month in May. 2 Arduous and exhausting Past eight months are a textbook example
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Newsletter 31 - 19/06/2015
percent. In the past 12 months, the industrial turnover trailing index has declined 2 percent. The decline in April is due to a 2.6 percent decline in manufacturing. 2 No panacea in defence cuts... than 2 percent of GDP in its armed forces. Greece, Britain, the US and Estonia were the only NATO
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