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Pension bill to be unveiled as govt prepared for fifth post-MoU review
PoliticsGreek Politics. The government has set a goal of 2 percent, but could be content with a 1 percentage point reduction... this week and even though the upcoming review is set to be less stressful than previous ones... new pension bill, which is set to be put to public consultation this week. Speaking to Sunday’s
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More fiscal measures, restrictions on movement mulled by govt as it rides high in polls
PoliticsGreek Politicsthey pre-paid, a measure for which the government has set aside 1 billion euros as it tries to boost... submitted to Parliament on Thursday an amendment that increases its spending capacity by 5 billion euros.... A new set of measures controlling people’s movements could be announced this weekend, according
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Newsletter 378 - 28/04/2023
Kyriakos Mitsotakis and his New Democracy party as he set out his economic agenda for a second term.... On the digital front, Mitsotakis said New Democracy set a target of putting 90 percent of public services... the four-year term. ND officials hope that the pledges set out by the PM will help the party build
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Under-fire PM pledges civil defence improvements following summer of destruction
PoliticsGreek Politicsto help Greece respond to the “uneven battle with climate change”. This set the tone for much of his... in the future. The PM added that Greece would increase the tax on luxury accommodation, rising from 1 euro per night to 6 euros, in order to raise some 300 million euros that would be set aside to boost
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IMF report sees a number of risks lying ahead for Greece
EconomyProgramme) published its own review report on April 25. The initial publication date was for June 5... clearance of 2.5 billion in 2015, which resulted in an increase of the debt-to-GDP ratio by 1... of alternative funding have decreased the projected 2020 debt ratio by 1 pp each. Debt sustainability
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Eurosystem funding for Greek banks shoots up by 11.2 bln in December
EconomyMacroeconomyin December reflects the combined effect of: 1) Deposit outflows of circa 3 billion in December, which...) Higher haircut on state-guaranteed ECB collaterals which reduced the system’s liquidity by almost 1...) submitted requests to BoG for resorting to the ELA mechanism for an amount of 5 billion euros. Local
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Newsletter 32 - 26/06/2015
lenders go into Saturday’s crucial Eurogroup with a substantial gap to bridge. Below we set out... revenues of 1 percent of GDP (1.8 billion euros) on an annual basis, while Greece sees them at 0.93... 1 July along with the other VAT The lenders’ proposals will burden Greek shipping and tourism
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EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economytargets. In specific, a primary deficit of zero to 1 percent is now projected for 2015, a primary balance of 1 to 0.5 percent in 2016 and a primary surplus of 2.25 to 2 percent in 2016. However... the 15 percent threshold set by the IMF in a number of years. The average ratio increases to 13.1
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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... on November 20 and is due to be voted on December 5, foresees revenues of 49.11 billion in 2016, up by 1 percent on the 2015 figure of 48.62 billion. The Finance Ministry has incorporated revenue
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The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
EconomyProgrammesystem, as set out in the pension reform proposals submitted to the institutions last week. However... savings of 1 percent of GDP for 2016. In the 2016 budget, the Finance Ministry (MoF) adopted those cost... increase in the social security contributions by 1.5 percentage point (1 for employers and 0.5
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