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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammeAlthough Greece and its lenders are continuing to debate how to set up an extra 2 percent of GDP... and indirect tax measures, with estimated revenues or cost savings of 1 percent of GDP (1.8 billion... burden up to 5 percent of their income for those with incomes above 50,000 euros. In addition, 92
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Athens hopes for deal at Eurogroup but doubts persist
PoliticsGreek Politicsis under discussion. It entails 1 percent of GDP in fiscal measures (pensions) being implemented in 2019 and another 1 percent of GDP (tax-free threshold) in 2020, but under the condition that the second set of interventions will be brought forward by a year if the 2018 fiscal target is not met
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Newsletter 127 - 14/07/2017
of less than 5 percent. It is not clear if it will be a reopening of the five-year bond that matures... percent. Consumer Price Index up 1 pct May reading represents sixth positive reading after four years Greece’s Consumer Price Index (CPI) grew by 1 percent in June from 1.2 percent in the previous
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Newsletter 140 -17/11/2017
is guaranteed as the main opposition parties are set to vote in favour of the handouts despite... Eurogroup. The decision to disburse the next bailout tranche of 5 billion euros would be taken.... Additionally, further relaxation of capital controls were also announced, effective from December 1
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Newsletter 168 -29/06/2018
fiscal balancing act. Last Thursday’s Eurogroup outlined the set of commitments that the Greek... is seen levelling off at 1 percent in the long-term, which translates into a 3 percent long-term nominal.... Primary expenditure stood at 16.10 billion euros, above target by a slight 5 million euros. Net
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Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
EconomyProgrammearguments that the Greek government is hoping will help convince the institutions to allow the 1... measures agreed at the June Eurogroup. The profits exceed 5 billion euros and are due to be paid back... a bond issue in the coming months. The issue looks set to be decided by November, before Athens has
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Athens waits for green light from Eurogroup so it can settle IMF loans early
EconomyProgrammedays as Athens looks to secure the disbursement of nearly 1 billion euros from the Eurogroup on April 5. Settling the second review would allow the Greek government to request permission from... framework, reports suggested. The lower ceilings set on business loans mean it is estimated
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgrammebring in just over 1 billion euros in revenues each year. Mitsotakis also declared his government’s.... Ceilings on spending have already been set, at 45.2 billion for primary expenditure, 6.7 billion... to 3 percent from 5. However, the biggest change is regarding businesses as New Democracy plans
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ND mulls next tax cuts as it prepares to unveil new electoral law
PoliticsGreek Politics. In fact, lower income tax rates are due to kick in from January 1. Individuals earning less than 20,000... electronic transactions, which also begins on January 1. From 2020, taxpayers will have to spend 30..., but to prioritise the reductions of social security contributions by 5 points. This is because the latter measure
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Mitsotakis sets out economic goals for 2020 as govt vies for extra fiscal space
PoliticsGreek PoliticsSpeaking to business leaders on Monday, Prime Minister Kyriakos Mitsotakis set out his government’s.... It is also planning to reduce social security contributions by almost 1 percentage point from July 1. ND’s aim is to have reduced them by 5 points in 2023, when the government’s four-year term is due to end
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