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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesto limit the rise of pension expenditure to 2 percent of GDP over the long term (2010-2060). It raised... the top 2 percent of pensioners actually experienced cuts of 40 percent or more. Since 2013, detailed... the poverty threshold (defined as 60 percent of the median income) than all other employment categories
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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammeinto a 3 percent long-term nominal growth rate, on the assumption that inflation will reach 2 percent... used in 2015 will be recovered, noting that 2 billion euros were already repaid in February last year... in 2060. This is roughly 60 basis points higher than the last DSA’s assumption when Greece’s
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Greece's golden visa scheme brings revenues, but risks as well
EconomyFeaturessince 2011, focuses on high net worth investors. It has a higher threshold of 2 million euros and had.... These programmes range in scope and cost from that of Cyprus, which offers full citizenship for a 2 million euro... tourist districts have gone up between 35 and 60 percent since 2015. Given the relatively modest
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Fiscal targets and tax cuts on agenda as Staikouras meets Regling
PoliticsGreek Politics45 percent), and up to 60 percent tax cuts for self-employed workers on up to 10,000 euros a year... might have to water this down as the tax cuts will reduce next year’s fiscal space by another 2... aims to announce 2 billion euros of spending cuts and savings to counterbalance the 6 billion euros
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Newsletter 229 -22/11/2019
percent of GDP in 2041 and at 60 percent in 2055, with a small uptick in 2033 when the deferred interest... the fiscal target. Growth is projected at 2 percent this year and 2.8 percent of GDP by 2020... million visitors. 2 Central govt debt down to 353.85 bln in Q3 Average maturity remains stable at 21 years
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Newsletter 230 -29/11/2019
. The amount due to the IMF stood in excess of 2 billion euros and was significantly higher than... yields. It sees Greek debt falling to 60 percent of GDP in 2055. Reports in the local media on Monday... that the eurozone will agree to such a move, especially as this might also impact Greece’s DSA. 2 Oct
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Economic relief eyed as Greece launches fourth round of lockdown easing
PoliticsGreek Politicsthat mean there can only be one customer for every 2 square metres and no more than six people in total... June 1, with the state subsidising 60 pct of the income loss from the reduction of working hours via... being allocated to Greece. Athens believes this could be converted into a 1.5 to 2 pct annual boost
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Greece draws strong interest, attractive yield by re-opening 10-year bond
Economyat just short of 60 pct, followed by banks and private banks at 24 pct. Hedge funds had 8 pct. The same... and 2 billion from a 7-year syndication in April are takεν into account, the Public Debt Management... of the debt plans. Greece has also drawn approximately 2 billion euros more from increasing the size of T-bill
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Newsletter 283 -05/02/2021
of non-performing exposures by more than 60 pct, with residential mortgages accounting for 77 pct... request submission for Hercules on the securitisation of the Phoenix portfolio worth 2 billion euros... to the central bank. 2 PMI rises to 50 points in January Figure signals unchanged operating conditions
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PM expected to reshuffle cabinet in bid to leave wildfire damage behind
PoliticsGreek Politicsin ENFIA property tax, the lowering of the corporate tax rate by 2 points to 22 pct (at a budget cost... to the GPO survey, the government’s support has dropped 2 percentage points since the last poll in June... in keeping the loss of life to a minimum. Also, almost 60 pct of those surveyed have a positive view
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