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Newsletter 434 - 27/09/2024
of its rivals but almost 5 points short of the target set by Mitsotakis. Since then, two former ND... in New Democracy’s parliamentary group, which is set to be reduced from 157 to 156 lawmakers... on Tuesday. The rivals for the leadership of PASOK had the opportunity to set out their respective stalls
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European Commission review of Greek programme: The key points
EconomyProgrammefor 2020 was set at 22.3 billion from 24.2 billion in the previous review. The new timetable... of the next sub-tranche of 1 billion (due in June) include six prior actions, namely: 1) adoption of outdoor... to be completed by the end of June (for the disbursement of the 3rd sub-tranche of 1 billion in July
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgramme36 billion. These additional funding needs stem from: 1) Lower fiscal targets (additional needs... targets for the next years: at 1 percent of GDP for 2015 (from 3 percent), 2 percent in 2016 (from 4.5...), that will require to set aside the bank recapitalization buffer as a backstop facility, the IMF concludes
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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyratio of 180 percent a reduction in the average interest rate by 1 percentage point (pp) reduces the debt ratio by 1.8 pp, while a rise in the primary surplus by 1 pp of GDP lowers the debt ratio by only 1 pp. Last May’s Eurogroup set the goals for gross financing needs (GFN) below 15 percent of GDP
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Newsletter 156 -23/03/2018
coalition parties will focus on the main tasks ahead, as set out by Kammenos in his comments to reporters... the growing cash buffer and 500 million euros will be used to reduce state arrears. Another 1 billion euros... the clearing of state arrears and electronic auctions. This disbursement is expected from May 1
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Newsletter 161 -11/05/2018
to the Finance Ministry to set the new ENFIA rates, with the aim of targeting 3.1 billion euros... the new rates to be in place on June 1, it wants to avoid any sharp rises in working class... percentage points. The Greek lenders started the exercise with Common Equity Tier 1 (CET1) ratios
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Take your seats
Agoraand the reduction of the top rate of VAT from 24 to 22 percent in 2021, with the lower rate dropping 1 percentage point from 13 percent to 12. He also pledged that 1 billion euros in backpay would be handed over..., not to be used from Day 1. If Greece starts tapping it straight away, it could have serious
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Newsletter 255 -26/06/2020
it even clearer that the vital tourism industry is set to suffer a terrible summer in terms... be broadened so that another 1 billion euros is returned to firms. The process of returning the tax... million for the property tax reduction and 1 billion to reduce social insurance contributions
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Newsletter 288 - 12/03/2021
, are content to allow the police to act unrestrained is compounded by the revelation that a panel set up... round of tax advance refunds worth 1 billion euros, as well 500 million euros earmarked for to subsidise... to 47.3 billion euros in 2020. The phased-in Common Equity Tier 1 (CET1) ratio came to 13.9 percent
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Budget passed but troika accord still some way off for Greece
PoliticsGreek Politicsand 2.96 billion in 2014 (1.6 percent of GDP). - Public debt is set to slightly ease to 320.0 billion... been set at 3.56 billion euros. However, perhaps the most significant aspect of the 2014 budget... issued shortly before MPs voted on the budget at close to 1 a.m. on Sunday. Its timing, even
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