Search
-
EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economyits GDP forecasts, which now point to a recession of 2 (in the baseline scenario) to 4 percent... balance of 1 to 0.5 percent in 2016 and a primary surplus of 2.25 to 2 percent in 2016. However... recapitalization of 25 billion 2) Debt amortization of 33.8 billion, which increases to 35.9 billion including
4% -
Newsletter 46 - 09/10/2015
to be implemented by 15 October to unlock the first subtranche of 2 billion euros incorporates a first...-set relates to the: 1) adoption of a roadmap for the investment licensing reform, 2) establishment... up to non-pharmacists, 2) the implementation of at least 35 additional recommendations included
4% -
Newsletter 72 - 06/05/2016
so the main package of fiscal interventions can be settled. This will then leave the extra 2 percent... to back another package worth 2 percent of GDP, even if it may never be implemented. The European... to the form of contingency measures worth 2 percent of GDP the IMF is insisting should be detailed
4% -
First review completed but more prior actions lie ahead for Greece
EconomyProgramme, the fund’s internal regulation has to be completed by the same date. 2) A second set of state... should also adjust the quantities for auctions. 2) New framework for the distribution of the special...) The government should secure a sufficient level of resources for the new independent revenue agency 2
4% -
Newsletter 108 - 24/02/2017
indicated that the volume of measures should reach 2 percent of GDP, or 3.6 billion euros... to 2 billion. As a result, the travel surplus dropped by 7.3 percent to 11.21 billion in 2016... and are considered to yield savings of around 1.5–2 percent of GDP. Specifically, the tax-free threshold, which
4% -
ESM takes stock of Greece's sovereign vulnerability
EconomyProgrammevalues for the scores, ESM noted that a score of less than 2 corresponds to high vulnerability, between 2 and 2.5 to elevated, between 2.5 and 3 to moderate and a score above 3 means low vulnerability... with elevated risk since 2005. They turned to high risk since 2009. The Greek score hovered between 2 and 2.2
4% -
Tsipras clears hurdle but isn't over finishing line
Agorareduced from 2.7 percent of GDP to 2 percent) is down to intransigence, indecision, shifting goalposts... pensioners would lose money. The impact of these measures, which amount to 2 percent of GDP in total... of expansionary counter-measures (also worth 2 percent of GDP) to be implemented in 2019 and 2020
4% -
The Court of Audit's opinion on new pension cuts and its implications
LegalAccording to article 73(2) of the Greek Constitution: “Bills referring to the definite attribution..., or to the recognition of service for the provision of a pension right according to article 73(2), as well... the compatibility of the cut in question with the articles 2 (1), 5 (1) and 25 (1) of the Greek Constitution which
4% -
MTFS outlines ambitious economic and fiscal road for next four years
EconomyProgrammebalance. According to the finance ministry, Greece will grow by 2 percent in 2018, lower than its... organisations. Growth will pick up to 2.4 percent in 2019 and remain above 2 percent before dropping to 1.8... surplus by 2022, reaching 2 percent of GDP, or 4.15 billion, which is around five times the outcome
4% -
S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
EconomyBankingsees Greece growing by 2 percent in 2018, lower than its last official estimate of 2.3 percent... in 2019 and remain above 2 percent before dropping to 1.8 percent in 2022. All estimates are marginally... forecasts growth of 2 percent in 2018 and 2.2 percent in 2019. Fitch sees growth of 2.1 percent
4%