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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomyof this fall (107.24 billion) originated from a lower reliance on ELA funding. The decline in central bank... securities along with the lower haircut applied on ELA collateral and participation of Greek banks’ EFSF... for banknotes in circulation is now 2.01 billion euros lower than the November 2014 figure of 30.14 billion
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Eurosystem funding rises by 539 mln in June, banknotes in circulation also up
EconomyMacroeconomy. The majority of this fall (107.24 billion) originated from a markedly lower reliance on ELA funding... of the waiver on Greek government securities along with the lower haircut applied on ELA collateral... lower than the November 2014 figure of 30.14 billion, noted before the political turmoil
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgrammeto start discussing the issue, and pushing for lower targets, after spring 2020, when Eurostat... of cuts lined up for next year, including lower corporate tax, VAT, solidarity tax, trade tax... and that will lead to debt sustainability. This could lead to even lower market rates.” Regling underlined
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PBO highlights budget, recovery risks in latest report
EconomyMacroeconomyis 2.1 billion euros lower than during the same period last year. The PBO notes that although part of this shortfall is circumstantial due to factors like lower revenues, higher spending in the Public... reaching 31.8 percent, which is 3 percentage points lower than the previous figure and even more
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PBO highlights areas of uncertainty for 2020 budget
EconomyMacroeconomyof 635 million euros, followed by lower personal income tax worth 281 million and lower social security... which are less certain, like the 500 million euros from lower spending ceilings, the review
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S&P raises Greek rating to 'BB-' on reduced fiscal risks, lifting of capital controls
Economylower. This means Greece is three notches away from investment grade for the two leading agencies... to 20 percent or lower.” Outlook The agency views favourably the latest constitutional developments..., if reforms implementation stalls and economic growth is significantly lower than anticipated then the outlook
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EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
EconomyMacroeconomyslowed to 1.5 percent year-on-year (yoy) mostly due to a decrease in net exports and lower... is lower than the 2.2 percent expected in the spring forecasts published in May, compared to a 2... and 1.1 percent in 2021. Public debt will decelerate to 169.3 percent of GDP in 2020 and further lower
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Newsletter 227 -08/11/2019
(yoy) mostly due to a decrease in net exports and lower government consumption in the first quarter.... Overall, the EC expects Greece to grow by 1.8 percent in 2019, which is lower than the 2.2 percent... months of the year revealed that new tax debt totalled 5.27 billion, lower than the figure
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Greek govt gears for final Eurogroup of 2019, hoping for better terms
EconomyProgrammeon the Greek economy. Among them is the insistence on the need for lower primary surplus targets. While... for looser targets comes with strings attached. These go back to pension cuts and a lower tax-free... for 2020, a full 0.5 percent lower than the government’s 2020 budget target, and 2 percent for 2021
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Budget for 2020 eyes faster growth while balancing tax cuts with more revenues
EconomyMacroeconomyadministration total 1.18 billion euros, with the lion’s share coming from lower taxes for corporations. These are costed at 616 million euros, followed by lower taxes and contributions for individuals at 404... of intakes from higher electronic transactions and lower spending ceilings by 500 million. Revenues
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