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Newsletter 185 -30/11/2018
it will drop to less than 10 percent for properties worth 100,000 to 150,000 euros. Overall, almost 6... for cutting pension spending by 1 percent of GDP. Given that the pension cuts have now been abandoned... specifically, the level of exposures that are unlikely to pay and those in delay between 1 and 90 days
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A European intelligence school led by Greece and Cyprus?
Agoraof Cyprus. This project is part of a list of 17 joint projects signed within the PESCO framework[1]. PESCO... means and increased investments for Europe’s defense policy. In a radio interview on November 6, 2018...-President of the Open Diplomacy Institute (Paris, France). [1] Greece will also lead the training
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General govt primary cash surplus at 7.62 bln in Nov, arrears fall by 42 mln
EconomyMacroeconomyunderlying subcategories, T-Bills edged down by 1 million to 15.28 billion (4.3 percent of the total). Bonds showed a rise of 6 million to 51.55 billion, representing 14.5 percent of the total. Repos... to 2.38 billion euros, or less than 1 percent of the total. Guarantees The stock of gg guarantees
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A snapshot of the Greek economy
Agoraor 6 percent more than those recording the same period last year (January 2018). Of those... Inflation: Eurostat announced that the inflation rate (Harmonised Index of Consumer Prices[1]) came... applications on Economic Growth and Finance. [1] The Harmonised Index of Consumer Prices (HICP
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Athens holds fire on debt schemes, prepares tax relief measures
EconomyProgrammecontributions will offer relief to more than 1 million debtors with a total of 35 billion euros... that this will be one of the top items on the agenda when the creditors return to Athens on May 6 for the third.... Reports suggest that the package being considered by the government could cost as much as 1 billion
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBanking. When excluding one-off items, namely the bank’s voluntary retirement scheme, PPI fell by 6 percent... year came to 196 million euros. Net interest income (NII) rose by 1 percent QoQ to 360 million... percent in Q4. P&L As mentioned, NII stood at 360 million euros, showing a rise of 1 percent QoQ
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Institutions warn of fiscal target being missed, reforms slowing
EconomyProgrammea slowdown in reforms. The report is based on the findings of a mission to Athens between 6 and 8 May... as planned and not creating an extra 1 percent in fiscal space for growth-enhancing reforms... estimate will have a fiscal cost of more than 1 percent of GDP in 2019 and beyond. These range from
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ND to highlight range of policy proposals after emphasis on tax cuts
PoliticsGreek Politicsthat his aim is for the VAT rates to be 11 and 22 percent, while the reduced rate of 6 percent would... such policies with his rivals on July 1 as a cross-party committee agreed that the only televised... to believe that the July 1 discussion will be any different. New Democracy’s emphasis will likely
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Industrial production falls by 1.2 pct in May
EconomyMacroeconomyincrease of 6 percent. This was followed by consumer non-durables (+5.3 percent), intermediate goods (+1.6 percent) and capital goods (+1 percent). A drop of 10 percent was noted in energy production..., industry confidence has improved by 1 point. Additionally, Markit’s manufacturing PMI came to 52.4
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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... of around 6 billion euros over the next few years. This immediately prompted questions from... to allow any firms that owe up to 1 million euros to the state to join the scheme. Regling
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