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With prior actions pending, PASOK showing signs of adjustment fatigue
PoliticsGreek Politics. The first set of prior actions are: 1) adoption of outdoor trade law 2) adoption of investment...Greece has to complete 12 “prior actions” to receive the next 2 billion euros of its bailout from... had to complete six tasks to receive the June instalment of 1 billion euros and another six to get 1
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EU's temporary framework for state aid in response to Covid-19 outbreak
Legalthe 2020 Temporary Framework 1. Direct Grant or Tax Advantages Under the Temporary Framework, the Member... insurance. 2. Subsidized Guarantees for Bank Loans One of the most important instruments under...) on the basis of the maturity of the loan (1 year, 2-3 years or 4-6 years), credit risk margins, ranging
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Productivity developments in the Greek public and private sector
Agora. There is no contested market for government services (at least not in the short run[1... their own productivity based on GVA produced per government employee.[2] These data can... numbers of real GVA per employee are shown in Figure 1 (index Q1 2001 = 100), together
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Newsletter 52 - 20/11/2015
passed the omnibus bill containing the last set of prior actions to unlock the next sub-tranche of 2... percent of GDP in 2015 and around 1 percent in 2016. In mid-July, the government legislated... percentage points. Other reports indicated higher SSC increases of 1–1.5 percentage points for employers
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Where things stand on the Greek pension reform proposals
EconomyProgrammefor a 3-year period by a total of 1.5 percentage points (pp), 1 pp for employers and 0.5 pp for employees... changes that were included in the proposed pension system overhaul included: 1) Consolidation of the four main pension funds into the Social Insurance Institute (IKA). 2) Unified methodology for social
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Newsletter 54 - 04/12/2015
. At the same time, tax arrears have increased by around 1 billion per month, to reach a total of 10.38... taxes on goods and services stood at 13.5 With taxes on goods and services making up 39.1% of total tax..., with its taxes on goods and services making up 39.1 percent of total tax revenues in 2013, which is above
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General govt primary cash surplus at 6.68 bln in October, arrears rise by 9 mln
EconomyMacroeconomyshowed a slight rise of 2 million to 51.54 billion, representing 14.5 percent of the total. Repos... and came to 2.38 billion euros, or under 1 percent of the total. Guarantees The stock of gg... funds (+45 million) and state budget (+7 million). Since the start of the year, total arrears have
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Newsletter 203 -15/04/2019
to lead to 1 percent of GDP in savings but were also designed to create greater fairness among pensioners, the reduction to the tax-free threshold is also aimed at generating an extra 1 percent of GDP... is designed to raise extra revenue equivalent to 1 percent of GDP (roughly 1.8 billion euros). Reports
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Newsletter 144 -15/12/2017
Democracy by 2.5 points since the last survey in June. Support for New Democracy rose by 1 point to 30.7... time last year (13.91 billion euros). Just over 80 percent of this year’s total (8.48 billion.... This represents the lowest figure since December 2014. 2 Industrial production up by 0.5 pct in Oct
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Newsletter 156 -23/03/2018
mln in Jan Total amount of legacy and new debt falls to under 1 billion euros The headline figure... the growing cash buffer and 500 million euros will be used to reduce state arrears. Another 1 billion euros... the clearing of state arrears and electronic auctions. This disbursement is expected from May 1
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