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The key points from Greece's proposal to lenders
EconomyProgrammein an effort to increase VAT and income collection. 3) Increase in the solidarity levy rates to 2% (from... of the social security funds (SSFs) into three in two phases and over a period of 3 year. 2) Suspension of the zero deficit clause for 2015-16 3) Provision for the progressive adaptation of the early retirement
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The key points from lenders' proposals to Greece
EconomyProgrammeprimary surplus targets of 1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... corresponding to 3 billion euros for 2015. The first key measure involves reforming VAT.... The Greek proposal included 3 VAT rates at 6, 11 and 23 percent, The lowest rate of 6 percent
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammetargets for the next years: at 1 percent of GDP for 2015 (from 3 percent), 2 percent in 2016 (from 4.5 percent) and at 3 percent for 2016 and beyond (from 4.5 percent). 2) Lower privatization proceeds... with cumulative privatization proceeds of around 3 billion over the past 5 years and government’s vague
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No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgrammeor inequitable. 3) In view of any revision of the zonal property values, adjust the property tax rates... of beneficiaries in March 2016. 3) The application of a penalty equivalent to 10 percent on early... and publish it every six months 3) Review and limit the prices of diagnostic tests to bring structural
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economygrowth of 3 percent per annum in 2017-19. For 2016 in particular, the key drags to GDP involve: 1) Banks... that this amount will be subtracted from GDP 3) Negative carry-over effect from 2015 Positive effects could stem... growth, payments of arrears estimated at 3 percent of GDP and financing of a deficit just under 3 percent
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Newsletter 72 - 06/05/2016
, following a debate that should begin on the previous morning, accounts for around two-thirds of the 3... stretched in approving the basic 3 percent of GDP in measures, making it too much of a risk to ask his MPs... savings of 3 percent of GDP (5.4 billion) by 2018 for Greece to achieve the primary surplus targets
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Newsletter 222 -04/10/2019
Thomas Cook for 1, 2 and 3 star hotels came to an average of 48 percent of overall turnover.... Hotels with 3, 4 and 5 stars faced losses of 39, 33 and 26 percent, respectively. 2 Loan interest... on deposits from households with an agreed maturity of up to one year decreased by 3 bps to 0.54 percent
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Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
EconomyMacroeconomy. The harmonized inflation index is seen at 8.8 pct in 2022, dropping by roughly one third to 3 pct in 2023... 54.61 billion euros. This outperformance is attributed to higher indirect taxes by 3 billion euros... of higher transfers of 3 billion euros and other investment related spending and energy crisis
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Tailor-made Maastricht criteria for Greece?
Agora, in principle. They called for the deficit of a member state to remain below 3 percent of GDP a year..., over time, a value D = def/y. In other words, if the deficits can be limited to 3 percent of GDP... inflation (mandate of the ECB) and 3 percent real GDP growth. Let us now look at the data for the period
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Is Greece on track to decouple from fossil gas?
Agoradecreased by 4.02 TWh, followed by industry (-3.37 TWh) and distribution networks (-1. 3 TWh). However...; this corresponds to a 67.3% decrease compared to the five-year average (Figure 3), which highlights industry’s potential to substitute gas with other fuels. Figure 3: Changes in fossil gas consumption
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