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  1. Greece's fiscal, debt and funding goals as set out at Eurogroup

    EconomyProgramme

    into account the following factors: 1) EFSF loans of 142 billion euros (75 percent of GDP) bear... that revenue mobilisation could fetch up to 5.5 billion in 2015 stemming from: 1) fighting illegal trading... that proceeds amounted to 1.6 billion in 2011, zero in 2012, 1 billion in 2013 and are expected at 1.5

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  2. Greek gov't tables draft law on installments for unpaid taxes: Here's what's in it

    EconomyMacroeconomy

    the collectability of public revenues. Tax arrears created until March 1 2015 may be included... security contributions past due until February 1, 2015. There is an elimination of penalties... be submitted by the end of April and require the payment of SSC as of February 1. According to the latest

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  3. Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct

    EconomyProgramme

    by consumption and investment expenditure. Unemployment is seen dropping by more than 1 percentage point... interventions will fetch the anticipated revenues. We highlight the following: 1) Taxation with targeted.... On social security reforms, the MoF reiterates interventions with a total cost in excess of 1 billion euros

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  4. As hopes of April 24 deal fade, differences between Greece and lenders remain

    PoliticsGreek Politics

    of 751 euros in two stages. The coalition foresees the minimum wage rising to 650 euros on October 1 and then increasing again, to 751 euros, on July 1 next year. Differences Another issue on which... 880 million euros to pay to the IMF (183 million on May 1 and 697 million on May 12). It also has

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  5. S&P downgrades Greece, sees economy shrinking by 1.5 pct in 2015

    Economy

    and the economy has contracted by close to 1 percent over the past six months, despite weaker euro and lower...) for GDP growth of 1 percent to a contraction of 1.5 percent in 2015. In addition, S&P expects... on May 1 followed by another payment of 760 million on May 12. S&P thinks that the government

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  6. Uptick in time deposit rates, mixed trends in corporate loans

    EconomyMacroeconomy

    on the average rate on new deposits, which edged up by 1 bps to 1.13 percent in March... 1 million euros also increased by 11 bps to 4.97 percent. In contrast, the respective rate for amounts between 250,000 and 1 million euros dropped by 15 bps to 5.04 percent. Greek corporate lending

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  7. New fiscal measures aim to edge Greece closer to deal with lenders
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    a primary surplus target of 1.5 percent in 2015 ranges between 1.8 billion euros (1 percent of GDP... that the government is currently considering to cover the estimated fiscal gap involve: 1) A unified VAT rate between... ranging between 1 to 5 euros per day for hotels with three stars or more or a tax rate between 3 to 5

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  8. Greek DSA: Don't Say Anything about the debt
    Photo by MacroPolis

    Agora

    . There is a forecast for high privatization proceeds that exceed 1 percent of GDP each year until 2020, peaking at 1.7... of the privatization proceeds assumptions that will not exceed 1 percent of GDP for debt purposes would... on the issue they have repeatedly tried to dodge since Day 1 of the Greek crisis. However, solid

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  9. Greece deal hangs in balance as IMF sees major differences
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    PoliticsGreek Politics

    ) agreed to the institutions' target of a 1 percent of GDP primary surplus for this year. Tsipras did..., according to the IMF spokesman. Lenders want Athens to cut spending on pensions by 1 percent of GDP... raising an extra 1.8 billion euros, or 1 percent of GDP. Rice also said that the IMF technical team

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  10. Newsletter 30 - 12/06/2015

    Newsletters

    stemmed from time deposits, while sight and savings recorded outflows of 2.9 and 1 billion... on some issues, such as lower fiscal targets for the next few years (1 percent of GDP for 2015, 2... and 1.8 billion euros (1 percent of GDP) next year. We must be clear that this is a package

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