Search
-
Greece prepares set of proposals for bridging deal with eurozone
PoliticsGreek Politicsforeseeing a deal that would last until September 1. This means the longer interim deal would include... last week that the government would commit to primary surpluses of 1 to 1.5 percent of GDP instead... is estimated by SYRIZA at 1.86 billion euros and relates to: 1) Subsidized meals for 300,000 poor families
17% -
Newsletter 23 - 17/04/2015
that an additional 1 billion euros in NPLs was created in March. If confirmed, this three billion... tier 1 (CET1) ratios stood at adequate levels at the end of 2014, ranging from 12.1 percent... by one notch to “CCC+/C”. It estimated that the Greek economy has shrunk by 1 percent over the last six
17% -
This is where Greek gov't could find cash to cover May's obligations
EconomyProgramme3-month T-Bills worth 1 billion this week. This was the third key transaction related to payment... tranches, the first of 183 million on May 1 and the second of 697 million on May 12. d) Interest... legislation to tax undeclared deposits abroad with a 15-20 percent rate, aiming to bring more than 1
17% -
Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
PoliticsGreek Politics. According to reports, this year’s target will be 1 percent of GDP rather than 3 percent, 2 percent in 2016... that the government will have to adopt 3 billion euros worth of fiscal measures, against the 1 billion euros... for incremental revenues of 1.8 billion euros, or 1 percent of GDP, from the changes. At the moment, food
17% -
Minor movements in Greek deposit and loan rates in April
EconomyMacroeconomyThe interest rate on Greek households’ new time deposits eased by 1 basis point (bp) to 1.82... in the time deposit rate led the average rate on new deposits down by 1 bp accordingly to 1.12... for higher amounts up to 1 million rose by 15 bps to 5.19 percent, while the lending rate for amounts
17% -
Newsletter 34 - 10/07/2015
. The document indicated that VAT reform will target net revenue gains of 1 percent of GDP... percent of GDP in 2015 and 1 percent in 2016. There are a number of tax increases, including... cards. Their only option was to visit one of the 1,000 bank branches that opened as of July 1 to serve
17% -
Unpaid taxes edge up by 656 mln in June for slowest monthly rise in 2015
EconomyMacroeconomymonthly rise of almost 1 billion euros in the first six months of the year, corresponding to a 14.4... billion euros, stemming from revenue collection of around 1 billion and write-offs of 293 million. The collection of 1 billion euros also incorporates the impact from the new legislation on settlement
17% -
No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgrammeof farmers. Other key deliverables for October include: 1) Reform of the income tax code (ITC) also... include legislation for: 1) Equivalent measures to fully compensate for the court ruling ordering... by October: 1) Apply and collect outstanding claw backs until the first half of 2015 for pharmaceuticals
17% -
No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammeto generate annual revenues of 1 percent of GDP. The basic VAT rate was set at 23 percent, a super... will be abolished starting from October 1 for islands with higher incomes, which are also the most popular destinations, and is due to be extended to the other islands as of Jun 1, 2016. Other measures
17% -
Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomyon investments, consumption and domestic tourism. Despite GDP growth of 1 percent in the first half of the year..., investments are anticipated to rebound by 4.5 percent, exports to decrease at a slower pace by 1 percent... relate to: Expenditure and cost savings (2.39 billion – 37.5 percent of total) 1) Increase in health care
17%