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  1. Tracking Greece's fiscal performance
    Photo by MacroPolis

    Agora

    interest rates on the debt. Figure 3 summarizes the headline findings, using the ESA accrual accounts compiled by Elstat. The solid line represents the implicit nominal interest rates on the general... and the previous year. The dotted line deflates the nominal interest rates by inflation

    5%
  2. It remains a mystery
    Photo by Can Esenbel [www.mundanepleasure.com]

    Agora

    rates was no longer available and the country was essentially facing bankruptcy. In the three years... that interest levels in 2012 were the same as in 2011). This means that from a total of circa 152 billion euros of total financing needs, 126 billion was to refinance and service the debt

    5%
  3. When will Greek banks operate as credit institutions again?
    Photo by Harry van Versendaal

    Agora

    of credit and affordable borrowing rates are handled in a very restrictive manner by domestic lenders. But it is not only the exorbitantly high interest rates for funding that serves like a millstone around... bank in Greece in terms of total assets (after National Bank of Greece) and the single largest in terms

    5%
  4. IMF report sees a number of risks lying ahead for Greece

    EconomyProgramme

    fiscal adjustment with tax rates already high, discretionary spending compressed and without..., streamlining VAT reduced rates and setting up a sufficiently high registration threshold, Additional... and tourism, which account for 2/3 of total exports, have significantly lagged other countries

    5%
  5. Greek travel receipts rise by 10.2 pct in 2014, arrivals shoot up by 20.7 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    cruises fell by 12.9 percent. The increase in total receipts reflects a rise in international... percent to 2.24 million. The double-digit increase in total volumes was partly offset by an 8.7 percent... things a stable tax framework, mainly related to the VAT rates on islands and hotel services, is a key

    5%
  6. Car sales rise by 21.7 pct in June for fifth straight increase above 20 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    percent of total road motor cars. Following the double-digit growth rates posted in the first six... to around 83 percent of total. The Attica district registered more than 57 percent of the country’s... in the 3-year period until 2012. According to market sources, the strong growth rates in the first half

    5%
  7. Have inflation "repay" Greek debt and growth reduce indebtedness

    Agora

    at interest rates of zero outright (interest moratorium) or at rates close to zero, the benefit... out of the total debt of 320 billion) were rescheduled out to a 50-year bullet maturity... in Germany’s total interest expenses and there would be no way to trace them separately. True, Germany

    5%
  8. Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014
    Photo by Harry van Versendaal

    Economy

    . The key changes relate to: 1) Total consumption, lowered by 4 billion to 160.39 billion 2) Change... rates, by 7.6 percent (from 6.5 percent) and 8.4 (from 8.2 percent) respectively. For the 5-year... showed that total consumption declined by 22.5 percent or 46.6 billion over this period

    5%
  9. Coalition poised to unveil pension reform proposals, hoping to avoid cuts
    Photo by MacroPolis

    EconomyProgramme

    , a total of 2.66 million pensioners in Greece receive 2.38 billion per month. A total of 2.91 million... divergences between the Greek authorities and the institutions on the new replacement rates. He did... proposing that these rates should range between 55 percent for high-salary up to 65 percent for low

    5%
  10. Clock ticks on bailout review but big gaps remain between Greece, lenders

    EconomyProgramme

    in contributions e.g. for 1 pp in total. This means that the government has to consider alternative measures... without applying any other criteria. In addition, lenders prefer lower pension replacement rates... interventions, which still require parliamentary approval, relate to the increase in the income tax rates

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