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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomyto 24.72 billion, 2.8 billion better than target. The bulk of this outperformance was mainly created in 3... target of 446 million) 3) Grants to hospitals (at 31.1 percent of the FY target of 1.16 billion) 4...) Grant to the Intergenerational Solidarity Fund (AKAGE) (at zero versus FY target of 454 million) 6
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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomydeclined by 13.7 percent and expenditure by 6 percent, indicating an improving performance in July... billion. 3) A decline in EFSF/ESM/IMF loans by 1.85 billion largely reflecting payments to the IMF.... The monthly change fully reflects a rise in bank support scheme guarantees by almost 3 billion
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Newsletter 43 - 18/09/2015
, which, if there are eight parties in Parliament (with Independent Greeks not passing the 3 percent... percent on early retirements, on top of the current annual penalty of 6 percent; the harmonisation... will unlock the next tranche of 3 billion, eligibility for the ECB’s quantitative easing programme
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Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target
Economyin September and 3 percent in the 9-month period to 16.43 billion, 194 million short of the revised... of 446 million) 3) Grants to hospitals (at 37.9 percent of the FY target of 1.16 billion) 4... to the Intergenerational Solidarity Fund (AKAGE) (at zero versus FY target of 454 million) 6
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingtrading income, the bank’s core pre-provision income (PPI) fell 3 percent quarter on quarter (QoQ.... The bank estimates a further reduction in staff costs by up to 6 percent to around 500 million... that out of the 3 billion euros in impairments in 2015, 1.6 billion relate to the outcome
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Newsletter 67 - 18/03/2016
as well as a jump in loan provisions. Core pre-provision income (PPI) improved by 6 percent quarter... to the Q4 reading for 2014. The year-on-year decline reflects a rise in the number of employed by 3.... The year-on-year decline reflects a rise in the number of employed by 3 percent. Rise in long-term
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomy) - the government has to identify additional measures of 1 percent of GDP to cover the fiscal gap of 3... euros. 3) A levy on hotel stays of 1-5 euros per night, according to the hotel’s category..., with targeted revenues of 100 million. 6) Increase in the car registration tax, which is not expected
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Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgrammemillion) and future (43 million) supplementary pensions – 326 million. 3) Lower pensions for new... million. 5) No increase in pensions in 2018 – 187 million. 6) Lower pensions for surviving relatives... (and not on presumptive) income – 137 million. 3) New methodology for farmers’ contributions – 112 million
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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomy) Inflation close to 2 percent until 2019 3) EFSF and ESM loan rates of 2.6 percent in 2020 and 3.5 percent from 2027 onwards 4) Greek Loan Facility (GLF) rates of 1.4 percent in 2020 and 3 percent as of 2027 5) Greek government bond (GGB) rates of 4.25 percent 6) IMF loan rates of 3.65 percent until 2020
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Newsletter 81 - 08/07/2016
for the winning party but retaining the 3 percent threshold for entering Parliament – would apply... of removing the bonus but also wants to scrap the 3 percent threshold. As a result, the government separated... euros and slipped by 6 bps to 5.17 percent for amounts between 250,000 and 1 million euros
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