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Tsipras sails through multi-bill vote, looks to disbursement and debt relief
PoliticsGreek Politicsall of his 153 MPs support the legislation despite it containing another 1 percent of GDP in tax.... Other late changes saw the tax on beer increase from June 1, 2016 (instead of of Jan 1, 2018) and a broadband levy introduced from Jan 1, 2017 (instead of Jul 1, 2017). However, Tsipras saved the most
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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyratio of 180 percent a reduction in the average interest rate by 1 percentage point (pp) reduces the debt ratio by 1.8 pp, while a rise in the primary surplus by 1 pp of GDP lowers the debt ratio by only 1 pp. Last May’s Eurogroup set the goals for gross financing needs (GFN) below 15 percent of GDP
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Greece agrees package of measures with IMF, eurozone to seal review
EconomyProgrammeas the pension cuts and reduction in the tax-free threshold yielding 1 percent of GDP each in 2019 and 2020... involve spending increases in 2019 and tax relief in 2020 to the tune of 1 percent of GDP each... to net pension savings of 1 percent of GDP in 2019 by extending the rules of last year’s pension
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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgramme(MTFS) for 2018-2021, a pension reform with net savings of 1 percent of GDP in 2019-2021 and a personal income tax (PIT) reform also delivering net savings of 1 percent of GDP in 2020 and 2021... assessment. Furthermore, a targeted spending package and a growth-enhancing tax package each yielding 1
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Newsletter 125 -30/06/2017
, Panos Kammenos over his contact with a convict connected to the Noor 1 drug smuggling case... of the Noor 1 cargo ship seized with around 2 tons of heroin on board in 2014 - had asked for protection... by 1 point since January Economic sentiment (ESI) improved slightly by 0.8 points in June after
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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... production index (+1 percent). The water supply production index fell by 2.6 percent, and the manufacturing... from non-euro countries within the EU increased by 1 percent to 1.01 billion. According to SETE’s
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Newsletter 156 -23/03/2018
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 onwards and the full 1 million euros will be destined for arrears clearance. Regarding the fourth review
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Newsletter 157 -30/03/2018
will be released on Wednesday, with another 1 billion to follow for arrears clearance after May 1... pensions (and possibly cutting the tax-free threshold for incomes) by 1 percent of GDP in 2019.... Credit contraction at 1 pct in Feb Monthly figure driven by lower household and corporate lending
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Newsletter 161 -11/05/2018
the new rates to be in place on June 1, it wants to avoid any sharp rises in working class... percentage points. The Greek lenders started the exercise with Common Equity Tier 1 (CET1) ratios.... This demonstrates the multiplier effect that tourism has on the economy, in that for every 1 euro
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Tsipras pledges array of tax cuts, hopes for break on pensions
PoliticsGreek Politicsto implement next year the 1 percent of GDP reduction to pension spending but did not go as far as declaring..., particularly by boosting consumption. Fiscal Regarding next year’s pension cuts equivalent to 1 percent of GDP... to be implemented in 2020 with the aim of delivering extra revenue equivalent to 1 percent of GDP
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