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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... corresponding to 3 billion euros for 2015. The first key measure involves reforming VAT.... The Greek proposal included 3 VAT rates at 6, 11 and 23 percent, The lowest rate of 6 percent
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economygrowth of 3 percent per annum in 2017-19. For 2016 in particular, the key drags to GDP involve: 1) Banks... percent of total loans 2) Government has committed to increase public savings meaning that this amount will be subtracted from GDP 3) Negative carry-over effect from 2015 Positive effects could stem
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Newsletter 222 -04/10/2019
Thomas Cook for 1, 2 and 3 star hotels came to an average of 48 percent of overall turnover... to face losing 69 percent of their turnover in 2020, while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39, 33 and 26 percent, respectively. 2 Loan interest
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How SYRIZA says it will fund its economic policies
Economypillar, 3 billion to employment and 1.86 billion to humanitarian crisis. SYRIZA claims... buffer, which currently stands north of 11 billion euros. SYRIZA anticipates that 3 billion euros... private debt (2 billion) and the establishment of new banks (1 billion). However, the use of HFSF
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Growing hopes that Greek recession will be milder than expected
Economythis year, which is much softer than its previous forecast for a recession of 2 percent for 2015. Note, though, that the bank expects a bigger decline in 2016, when it believes GDP will fall by 2 to 3... by 1.5 to 2 percent this year, on the back of a drop in private consumption by 1.5 to 2 percent
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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomy: 1) GDP growth in line with the adjustment programme until 2022 and 1.5 percent thereafter 2) Inflation close to 2 percent until 2019 3) EFSF and ESM loan rates of 2.6 percent in 2020 and 3.5 percent... of debt relief measures that would allow Greece’s primary surplus target to be lowered to 2 percent
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankinginto a slight profit of 2 million euros in 2017, compared to profits of 37 million in 2016. The bank noted... million euros bringing the stock to 32.9 billion in Q4 2017. Across the year, NPEs were reduced by 3... percent to 1.67 billion. Net fee and commission income fell QoQ by 2 percent (87 million versus 89
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Newsletter 262 -04/09/2020
was not as dramatic. In 2008, Greece was spending 3 pct of its GDP on defence. In 2018, this stood at 2 pct, which was still in line with the level agreed by NATO member states in 2014. Even at 2 pct, spending... and pushing to 2021 around 1.5 to 2 billion euros of deferred tax and social security payments
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammeimposed in 2012 were unconstitutional. 2) Changes in early retirement with the retirement ages to 62... studies. 3) Abolition of tax breaks for farmers, including the reduction by 50 percent of the subsidy... in the national health system (ESY). Media reports also indicate that recession may reach 3 percent this year
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SYRIZA and New Democracy neck-and-neck as post-election scenarios become clearer
PoliticsGreek Politicscoalition partner Independent Greeks will not pass the 3 percent threshold to enter Parliament. Alco... Cent Union 3.6 Undecided 14 #Greece — MacroPolis (@MacroPolis_gr) September 2, 2015 Pulse poll for Action 24 SYRIZA 27.5% ΝD 26.5 G Dawn 6.5 Potami 5.5 ΚΚΕ 5.5 PASOK 5.5 Popular Unity 4.5 Cent Union 3
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