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Newsletter 215 -19/07/2019
the minimum monthly payment from 30 to 20 euros and reducing the interest rate from 5 to 3 percent... a 20 percent reduction to the ENFIA property tax, a basic tax rate of 9 percent (down from 22... of 7 billion euros, with the total this year reaching 7.5 billion. Greece’s debt managers note
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A sudden turnaround that could lead to sharp shock
Agoraa key component in the region of 68 to 70 pct. Government spending is between 20 and 22 pct... pct assumption puts at risk more than 7 billion euros of GDP. The experience of 2010 and 2011 makes... the fate of the Greek economy this year. In the region of 20 billion euros of economic activity
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Newsletter 253 -12/06/2020
budget. Earlier this week it emerged that 20 million euros were spent on public information campaigns... that exceeded 15 billion euros by 13:20 local time that allowed the tightening of the pricing down to 160 basis... percent. In May, the movement in the CPI on an annual basis was driven mainly by a decrease of 7
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PDMA highlights improving debt profile, targets 8-12 bln in new issues for 2021
Economyof new debt through three new bond issues, a 7-, 10- and 15-year and two re-openings of the 10... at 20 years in 2020, compared to an average of 7.7 years for peers like Italy, Spain, Portugal... of the Eurogroup agreement of 15 pct in the medium-term and 20 pct in the long-term. In terms of next year’s
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Greece aims to replicate last year's successful debt strategy in 2024
Economy, Greece kept the average maturity on its debt at 20 years, compared to a high of 22 years in 2019. Greece’s average maturity of 20 years compares well to an average of 8.3 years for its eurozone peers, which range from 7 years in Italy to 11 years for Ireland. Greece also has a favourable maturity
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Record bonds, rising bills: Greece’s economic paradox
Agora%, and the US and Nordics at 7%. Yet while international markets show confidence, Greek society remains...%, and bread and cereals 13.6%. The survey also highlighted inequality: the poorest 20% of households spend 33.5% of their budget on food, compared with just 12.7% for the richest 20%. It is clear that the cost
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PM seeks diplomatic initiative in Middle East as PASOK looks for momentum at home
PoliticsGreek Politicswants Article 42(7) - the EU’s mutual assistance clause - to acquire real operational meaning, citing.... The proposal is deliberately calibrated: it would apply initially to companies with more than 20... there was a deal; PASOK insists there was none. Marinakis escalated the row by alleging 20 to 30 calls between
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Greek primary budget surplus at 707 mln as revenues beat target in May
Economybillion). The upward revision mainly stemmed from higher revenue targets (by 1 billion) counterbalancing... exceeding 1 billion euros per month. Indirect taxes continued were in line with the target despite... period to 9.11 billion euros. VAT rebounded 1 percent in May, while the 5-month figure eased 1.3
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomyon investments, consumption and domestic tourism. Despite GDP growth of 1 percent in the first half of the year..., investments are anticipated to rebound by 4.5 percent, exports to decrease at a slower pace by 1 percent... relate to: Expenditure and cost savings (2.39 billion – 37.5 percent of total) 1) Increase in health care
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgrammeof 1 billion. Eurogroup President Jeroen Dijsselbloem said that the pension reform has been moved... percent of GDP in 2015 and around 1 percent in 2016. Almost half of cost savings for 2016 have been...) for employers by up to 1 percentage point. At the same time an overhaul of the pension system has
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