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  1. Newsletter 106 - 10/02/2017

    Newsletters

    on Tuesday in reference to the Fund’s continued insistence that Greece needs to lower its tax-free... percent, while lower rises were posted in electricity (+1.4 percent) and water supply (+0.2 percent

    3%
  2. European Commission positive on Greece's macro and fiscal prospects
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to a lower yield of 2017 fiscal reforms due to implementation risks. In addition, the EC expects... measures are expected to increase interest expenditure in the short-term, but will lower it in the long

    3%
  3. Greece cleared arrears of 3.1 billion in 2016

    EconomyMacroeconomy

    in the second half is materially lower than that created in the first half, which stood at 1.37... by a lower amount of 1.5 billion, due to the creation of new arrears worth 1.63 billion, according

    3%
  4. Budget execution starts 2017 with primary balance outperformance on target-beating revenues
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Investment Budget (PIB) balance came in 58 and 41 million lower than target. In addition, the state... to 3.12 billion euros, 58 million lower than target. As of this year, the MoF includes

    3%
  5. Progress rather than breakthrough the target at Eurogroup
    Photo via Fosphotos

    PoliticsGreek Politics

    be reduced. The second area of focus for Athens is on the trade-offs for legislating a lower tax-free... to lower the tax-free threshold as pensions remain a sensitive political issue and Tsipras is not yet

    3%
  6. Budget primary surplus at 1 bln in Jan as tax revenues outperform
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    expenditure and Public Investment Budget (PIB) balance came in 58 and 41 million lower than target... million. Expenditure Primary expenditure edged up 1.4 percent to 3.12 billion euros, 58 million lower

    3%
  7. Deposit outflows of 1.5 bln in Jan after seasonally high inflows in Dec
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . The lower negative flow in total deposits is fully attributed to other euro area residents and non... 7.9 billion over this period. However, the increase in Greek banks’ deposit balance was much lower

    3%
  8. Eurosystem funding drops at sharper pace of 3.6 bln in Jan
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    billion euros, of which more than two thirds (44 billion) relates to lower ELA funding. This is mainly attributed to the reinstatement of the waiver on Greek government securities and lower haircut

    3%
  9. Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    monetary policy report published in mid-June 2016 a similar debt relief proposal including lower... that lower primary surpluses entail small drop in the debt ratio and higher GFN. However, he stressed

    3%
  10. Athens sees faster pace of progress in review talks but no final deal yet
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    the reduction in the tax-free threshold and cuts in main pensions, while the government aims to lower... 2019. It is also targeting lower savings from pension cuts to be implemented in 2020

    3%