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Govt puts focus on handouts, migration to take heat off surveillance affair
PoliticsGreek Politics. According to the last estimates by the Finance Ministry, the cost to the budget of absorbing the expected... the state. All in all, Finance Ministry estimates place the “pure” fiscal overperformance at 800 million... be supported out of an estimated 5.17 bln of tax overperformance achieved between January and July
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Return to investment grade overshadowed by flood destruction
Economyinvestments. DBRS endorses the Greek authorities estimates of 2.3 pct growth this year, as the investment..., with some initial estimates briefed by Greek officials seeing it more than 3x potentially reaching 2.5.... The area was three years ago again affected by floods and the fiscal cost was estimated at 800 million
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Greece - Some structural macroeconomic arithmetic
Agora. This explains why different institutions have different estimates of potential output and potential output...,” in their view, for the time being. These differences in potential output growth estimates are not innocent... and productivity. [2] The primary balance for 2023 is estimated at 1 percent, even though growth
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Greece moves closer to troika over fiscal gap, waits for response
EconomyProgrammeeuros but the overall impact on the economy would be materially negative. SETE estimates... ground on these demands. Pensions The second government intervention with estimated cost savings...) with estimated cost savings of 70 to 80 million euros. On the public sector, the government has proposed
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgramme, with the remaining 600 million in cash. Citing European Commission (EC) estimates, the German document reveals... of the current troika review. The estimated duration of the ECCL is 12 months. The amount provided... reforms will continue to be implemented. In addition, it is estimated that debt sustainability has
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Newsletter 15 - 13/02/2015
institutions and Greek government estimates of 0.6 percent. The slight growth in GDP bet troika... for Greek banks peaked to 124 billion in May 2012. It is estimated that the bulk of this collateral... at a significantly slower pace compared to those recorded in the week before the elections. It is estimated
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Newsletter 74 - 20/05/2016
loan defaulters. Various estimates point to about 20 percent or even more than 30 percent... for the automatic fiscal adjustment mechanism. The majority of the estimated incremental revenues from... exposure of banks reached an estimated 360 billion euros, equivalent to a fifth of GDP, in 2015
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Newsletter 77 - 10/06/2016
remained steadily in deflation for 39 months since March 2013, with official estimates pointing... in the initial contract. The development of the project, one of the biggest ever in Greece, is estimated... for the development of Athens old airport is estimated to create 10,000 direct jobs. it is expected to employ
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Greek expats generating 9.1 bln in taxes abroad each year, study suggests
Societyestimates that Greek expats have generated a total of more than 50 billion euros of GDP in their new countries since 2008. In addition, the Greek state is estimated to have invested more than 8 billion... the beginning of 2018, Endeavor Greece has now estimated that the brain drain reached 350,000 over
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Fiscal Council adopts 2017 budget forecasts with three reservations
EconomyMacroeconomythat the government projection of a strong GDP rebound of 2.7 percent next year stands above consensus estimates... contribution for public servants. In addition, pension expenditure is estimated to rise by 5.75 billion euros... income tax estimated to increase by 14.5 percent to 9.17 billion euros, VAT by 5.2 percent to 15.48
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