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  1. IMF far more pessimistic than eurozone on Greek debt, urges significant relief
    Photo by Panayiotos Tzamaros

    EconomyProgramme

    , higher privatisation revenues of 15 billion, zero additional bank recapitalisation needs and lower... with weaker than expected policies resulting in lower primary surpluses of 1 percent of GDP

    5%

  2. Tsakalotos and Stournaras raise objections to IMF assumptions
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    suggestion for lower tax-free threshold, since more than half of Greek taxpayers do not pay personal... for lower tax credit wrongly compares actual tax declarations in Greece with household budget survey data

    5%

  3. IMF examines where programme went wrong, what lessons were learnt
    Photo by Panayotis Tzmaros/Fosphotos

    EconomyProgramme

    projections, largely due to lower growth and deflators, while unemployment was much higher than originally... compared to other programmes and with lower implementation rates. The number of structural conditions

    5%

  4. IMF examines how Greece accumulated large pile of unpaid taxes and contributions
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    stands at round 10 percent of the total, which is lower than that in most peer countries and below..., with longer instalments, lower interest rates and fewer eligibility requirements. As a result

    5%

  5. European Commission positive on Greece's macro and fiscal prospects
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to a lower yield of 2017 fiscal reforms due to implementation risks. In addition, the EC expects... measures are expected to increase interest expenditure in the short-term, but will lower it in the long

    5%

  6. Greece cleared arrears of 3.1 billion in 2016

    EconomyMacroeconomy

    in the second half is materially lower than that created in the first half, which stood at 1.37... by a lower amount of 1.5 billion, due to the creation of new arrears worth 1.63 billion, according

    5%

  7. Budget execution starts 2017 with primary balance outperformance on target-beating revenues
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Investment Budget (PIB) balance came in 58 and 41 million lower than target. In addition, the state... to 3.12 billion euros, 58 million lower than target. As of this year, the MoF includes

    5%

  8. Progress rather than breakthrough the target at Eurogroup
    Photo via Fosphotos

    PoliticsGreek Politics

    be reduced. The second area of focus for Athens is on the trade-offs for legislating a lower tax-free... to lower the tax-free threshold as pensions remain a sensitive political issue and Tsipras is not yet

    5%

  9. Athens grapples with awkward reduction of tax-free threshold
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    and by another 300 euros in the second year. Another option for the government is to introduce a lower tax... by 35 percent, lower taxes for self-employed and switch in the VAT rate for food services and catering

    5%

  10. Budget primary surplus at 1 bln in Jan as tax revenues outperform
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    expenditure and Public Investment Budget (PIB) balance came in 58 and 41 million lower than target... million. Expenditure Primary expenditure edged up 1.4 percent to 3.12 billion euros, 58 million lower

    5%