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Greece commits to ambitious privatisation targets as part of new bailout
EconomyProgrammeIn contrast to SYRIZA’s pre-election pledges, the government has committed to proceed with an ambitious privatisation programme, according to the draft bill on the new financial aid from the eurozone. Excluding bank shares, the implementation of this programme aims to raise a total of 6.4 billion
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomyto 1.25 billion in July with the 7-month figure at 4.55 billion, 189 million above target. Overall, total
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Tsipras bides his time on confidence vote, weighs up options
PoliticsGreek Politicsbring down the number of votes that Tsipras needs to win the ballot. The three parties have a total
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July rise of 388 mln in unpaid taxes is lowest for two years
EconomyMacroeconomy. Overall, the total stock of new and legacy tax debt rose at the slowest pace over the past two years
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammebillion). At the end of July the total stock of repo operations stood at 9.7 billion and EC estimates
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Labour cost fall has not produced jobs, bemoans GSEE in study
Society, with these three sectors representing 68 percent of the total jobs losses. It also said the purchasing
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July credit contraction at 1.5 pct, slowest since Aug 2011
EconomyMacroeconomyin July from 78 million in June. Since the beginning of the year, total net deductions reached 1.55
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Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports
EconomyMacroeconomypoint to a slight decrease of 0.4 percent in total exports with exports of services up 2.1 percent
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These are the bailout deliverables expected from Greece in September
EconomyProgramme50 percent of total electricity produced and imported in Greece. 17) Adopt through legislation
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EC study: VAT gap in Greece at 34 pct, more than double the EU average
Economythat is theoretically collectable based on legislation. The latter is called VAT Total Tax Liability (VTTL). The study
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