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How big is the gap separating Greece and the institutions?
EconomyProgrammeto this year since the new VAT rates will be effective from July 1. Apart from the total estimated proceeds, a key difference lies with the allocation of products in the VAT rates. In particular
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IMF urges substantial debt relief for Greece
EconomyProgrammeneeds of 25 billion euros on top of those mentioned in the preliminary DSA. This brings the total amount... rates close to the current European loan rate before debt has been brought to much lower levels. This means that borrowing in the near term at anything but low rates will result in an unsustainable
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Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports
EconomyMacroeconomyconsumption increased 1 percent QoQ and 2.5 percent YoY accelerating from the reported growth rates in Q1... point to a slight decrease of 0.4 percent in total exports with exports of services up 2.1 percent... to the strong YoY growth rates recorded in Q1, the first-half imports increased by 2.8 percent
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EC study: VAT gap in Greece at 34 pct, more than double the EU average
Economythat is theoretically collectable based on legislation. The latter is called VAT Total Tax Liability (VTTL). The study... to final consumption (i.e. eliminating the effect of reduced rates and exemptions). This policy gap ratio... rates and the ‘exemption gap’ representing the potential revenue loss due to exempted supplies
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Car registration growth slows to 6.7 pct in September
Economyof total road motor cars. The number of road motor cars plunged by more than 30 percent per annum in the 2009-2012 period, while it registers almost steadily positive growth rates since September 2013... resumed again in August. The double-digit growth rates recorded in the course of 2015, particularly
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Industrial turnover records its sharpest drop in six years, down 15.4 pct in July
EconomyMacroeconomypercent. However, the latter accounts for just a fraction of the total industrial turnover... sectors recorded double-digit negative rates. The biggest nosedive was registered in motor vehicles... percent). In contrast, three sectors posted strong growth rates, namely computer, electronic and optical
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If it's debt restructuring you're looking for, Regling's not your man
Agoralow interest rates. According to its 2014 Annual Report, by the end of 2014 the ESM had just over... of different maturities. The EFSF has a total of over 199 billion euros under its funding programme... the need for a haircut in the GLF loans and interest rates to be locked in at current levels if the debt
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Newsletter 58 - 15/01/2016
to their declared income and the imposition of SSC rates on that income. The majority of the self... also involves the Christmas, Easter and holiday allowances of 800 euros in total for each pensioner... other interventions (such as lowering replacement rates), while also raising social security
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Travel receipts rise 16 pct in Nov as surplus soars 84.3 pct
EconomyMacroeconomydisplayed strong growth rates from the US (+26.3 percent), the UK (+14.6 percent) and Germany (+14.2... surging by 45.1 and 31 percent respectively. Slower growth rates were recorded in travel receipts... by 5.7 percent in 2015. SETE expects total international arrivals to reach 26 million in 2015, which
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Amid protests, coalition ponders tweaks to pension plan
EconomyProgrammeMinister Vangelis Apostolou said in an interview with SKAI TV on Monday that from the total domestic... is also considering applying proportionally lower contribution rates for those with annual income... to the currently applied fixed amount based on insurance grades. Contribution rates for the self-employed
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