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What next for Greece's revenues and spending?
Agoraan updated set of fiscal measures in an effort to resume negotiations for a new bailout programme... social security funds expenditure (at zero versus a full year (FY) target of 446 million) 3) Grants... (at 14.5 percent of the FY target of 591 million) 3) International Organisations and other transfers
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Newsletter 58 - 15/01/2016
of GDP in 2016 and 3 percent until 2018. These projections do not take into account the impact... also involves the Christmas, Easter and holiday allowances of 800 euros in total for each pensioner..., or what kind of pressures it would come under, were set aside. The truth is that the first two sets
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Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgrammeon April 19, except the new pension ceiling. This is now set at 2,000 euros (instead of 2,304) for a single... system. We present below the most significant quantitative measures, which total 2.74 billion euros... million) and future (43 million) supplementary pensions – 326 million. 3) Lower pensions for new
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Newsletter 84 - 29/07/2016
system. The government estimates that around 3–4 billion euros may be returned to Greek banks... issues during the summer is part of a conscious government strategy to prevent resentment over the 3... the constitution. It is expected that the committee will be ready to deliver its final set
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Greece's harsh social reality
Agorafallen to 2.6 million and recovered only marginally to 3 million in 2015. Total personal trips came... in 2015, from about 3 million in the 2007–2009 period. In 2014, when there is comparable data, only... current income is compared to the poverty threshold set in 2005. When measured that way
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NOME auctions as a mechanism to strengthen competition in the Greek electricity market
Legalof that said Law, as amended by para. 1 of Article 3 of Law no.4393/2016, establishes the sales... Forward Product Quantity was finally set for the year 2016 to 460 MWh / h. This is (also) legally... must be placed (namely article 135 para.2 Law. 4389/2016, as amended by article 3 para 1 of law
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ESM takes stock of Greece's sovereign vulnerability
EconomyProgramme, loss of competitiveness and external imbalances. The assessment made by the ESM is based on a set of indicators. The first indicator has the highest weight of 25 percent of the total score... 2 and 2.5 to elevated, between 2.5 and 3 to moderate and a score above 3 means low vulnerability
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Athens gearing up for new bond issue amid favourable market conditions
EconomyProgrammeGreek authorities appear to be working in parallel on the two goals Athens has set following... loans to Greece are expensive. “Especially for one part, 3 to 4 billion euros, the interest rate... suggesting that a move could be made as early as this week. The options of a 3- or 7-year issue worth 2
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S&P keeps rating at 'B+' and highlights obstacles to competitiveness
EconomyFitch’s rating, which stands at ‘BB-‘. This is 3 notches away from investment grade. The other two... that is held by the private sector is less than 20 percent of total Greek debt, or less than 40 percent.... The average remaining term of Greece's debt was 18.2 years as of year-end 2018, which is set to increase
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgrammemillion euros. The reductions planned to income tax are estimated at a total of around 500 million... has asked government departments to find 3 billion euros of savings in order to fund the tax cuts. Ceilings on spending have already been set, at 45.2 billion for primary expenditure, 6.7 billion
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