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  1. What is in SYRIZA's 3-pillar programme to overcome the crisis?
    Photo by MacroPolis

    Economy

    interventions involve: 1) Subsidized meals for 300,000 poor families (estimated cost at 756 million). 2... pillars. The five interventions of this pillar include: 1) Abolition of the single property tax (ENFIA... banks with an estimated cost of 1 billion euros. 5) Settlement of unpaid tax and social security

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  2. How SYRIZA says it will fund its economic policies
    Photo by MacroPolis

    Economy

    by the following four funding sources: 1) Utilization of the Hellenic Financial Stability Fund (HFSF) capital... private debt (2 billion) and the establishment of new banks (1 billion). However, the use of HFSF... the National Strategic Reference Framework (NSRF), of which 1 billion relates to NSRF for 2007-2013, 1.5

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  3. Fitch keeps Greek rating at 'B' but downgrades outlook to negative

    Economy

    has moderated its stance since 2012 advocating: 1) Greece to remain in the eurozone 2) Commitment... that could result in a downgrade include: 1) Prolonged political deadlock and lack of agreement..., developments that could result in positive rating actions involve: 1) Formation of a stable government

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  4. Eurosystem funding for Greek banks shoots up by 11.2 bln in December

    EconomyMacroeconomy

    in December reflects the combined effect of: 1) Deposit outflows of circa 3 billion in December, which...) Higher haircut on state-guaranteed ECB collaterals which reduced the system’s liquidity by almost 1... eligibility as of March 1, 2015. These collaterals relate to pillar II bonds of a government liquidity

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  5. Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln

    EconomyMacroeconomy

    of December, 803 million lower than the end-November figure of 4.56 billion and 1 billion below.... In particular, the evolution of long-term securities in 2014 relates to: 1) Two bond issues... billion in the 11-month period and mainly reflects: 1) A reduction in the bank support scheme guarantees

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  6. Greece's fiscal, debt and funding goals as set out at Eurogroup

    EconomyProgramme

    into account the following factors: 1) EFSF loans of 142 billion euros (75 percent of GDP) bear... that revenue mobilisation could fetch up to 5.5 billion in 2015 stemming from: 1) fighting illegal trading... that proceeds amounted to 1.6 billion in 2011, zero in 2012, 1 billion in 2013 and are expected at 1.5

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  7. Greek gov't tables draft law on installments for unpaid taxes: Here's what's in it

    EconomyMacroeconomy

    the collectability of public revenues. Tax arrears created until March 1 2015 may be included... security contributions past due until February 1, 2015. There is an elimination of penalties... be submitted by the end of April and require the payment of SSC as of February 1. According to the latest

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  8. Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct

    EconomyProgramme

    by consumption and investment expenditure. Unemployment is seen dropping by more than 1 percentage point... interventions will fetch the anticipated revenues. We highlight the following: 1) Taxation with targeted.... On social security reforms, the MoF reiterates interventions with a total cost in excess of 1 billion euros

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  9. As hopes of April 24 deal fade, differences between Greece and lenders remain

    PoliticsGreek Politics

    of 751 euros in two stages. The coalition foresees the minimum wage rising to 650 euros on October 1 and then increasing again, to 751 euros, on July 1 next year. Differences Another issue on which... 880 million euros to pay to the IMF (183 million on May 1 and 697 million on May 12). It also has

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  10. S&P downgrades Greece, sees economy shrinking by 1.5 pct in 2015

    Economy

    and the economy has contracted by close to 1 percent over the past six months, despite weaker euro and lower...) for GDP growth of 1 percent to a contraction of 1.5 percent in 2015. In addition, S&P expects... on May 1 followed by another payment of 760 million on May 12. S&P thinks that the government

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