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  1. Greece, lenders tie up some loose ends and continue negotiating
    Photo by Panyiotis Tzamaros/Fosphotos

    EconomyProgramme

    of 1.8 billion euros (1 percent of GDP). The government proposed a reduction in the lower tax rate from... mean that the tax-free threshold would have to be reduced even lower to 5,000 euros to yield

    3%

  2. Newsletter 110 - 10/03/2017

    Newsletters

    sustainability achievable with lower primary surplus Mild debt relief in the form of smoothing interest... loans for the next 20 years. Stournaras stressed that although lower primary surpluses entail small

    3%

  3. Eurosystem funding down by 1.1 bln in Feb, ELA increases for first time since April
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    to lower dependence on ELA funding. This largely resulted from the reinstatement of the waiver on Greek government securities and lower haircut applied to ELA collateral, participation of Greek banks’ EFSF

    3%

  4. Slow progress on fiscal, impasse on labour keep review deal on hold
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    of favourability. One part of the group argued that lower level wage agreements cannot undercut higher level... be reflected in lower cuts to pensions, which the government sees as a more politically painful measure

    3%

  5. Greece and lenders trap themselves over labour reforms
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    on people’s pockets, especially the lower income groups which will be adversely affected by the fiscal... disagreed on the principle of favourability. One part of the group argued that lower level wage agreements

    3%

  6. PMI falls to 46.7 in Mar on drop in new orders but outlook positive for next months

    EconomyMacroeconomy

    -production inventories in March. In addition, weaker production led to lower staffing numbers for the fourth successive month, while backlog fell further. Lower output requirements coupled with financial

    3%

  7. Greek banks meet NPE and NPL reduction targets in Q4 2016, mostly on write-offs
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    was reduced to 104.8 billion, a billion lower than target of 105.8 billion, while the NPL pile stood... portfolio. In contrast, the default rate was lower than the cure rate in residential loans. The key

    3%

  8. IMF revises fiscal estimates upward, sees debt ratio at 162.8 pct in 2022
    Photo by MacroPolis

    EconomyMacroeconomy

    , the Fund estimates a lower primary surplus of 1.5 percent of GDP from 2019 onwards. This means that IMF... for 2018, when the debt ratio is estimated at 170.6 percent - almost 11 percentage points lower than

    3%

  9. Current account deficit expands to 937 million in Feb
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    surplus reflects lower taxes and subsidies on products and production, while the improvement.... Lower C/A deficit stems from an improvement in the travel surplus coupled with higher primary

    3%

  10. Greece agrees package of measures with IMF, eurozone to seal review
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    (0.2 percent of GDP) and redesign of the single property tax entailing lower revenues (0.1 percent.... It is worth noting that if the counter measures are implemented, the final tax burden would be lower due

    3%