Search
-
Newsletter 9 - 30/12/2014
rates of the 195 billion euro debt owed to the EU. This corresponds to 61 percent of the outstanding... interest rates and maturity extension, similar to the measures the eurozone could adopt in line.... The credit crunch in the Greek real economy is not only the result of rising interest rates for medium
4% -
Newsletter 11 - 16/01/2015
rates rising. 5. Greek banks would not be able to benefit from the ECB’s Quantitative Easing (QE... taxpayers. The second relates to the conversion of the current floating to constant rates so Greece would benefit from the current low levels of long-term loan rates. In addition, Hardouvelis noted
4% -
Greek children lead way in languages at primary school level
Societysouthern EU Member States, reported the smallest rates. Positive self-perceptions of health were... 30 hours a week. School enrolment rates have increased in Greece, moving from 96 to 99.8 percent.... At 37.7 percent, enrolment rates for the 25–29 age group was the highest in the EU. In 2007, only 12
4% -
Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
PoliticsGreek Politicsdefeat on changes to VAT rates. Athens had wanted to minimise the impact of changes, keeping three... one. However, reports indicate that lenders want just two rates: 11 and 23 percent, with the lowest..., medicines, books and newspapers fall into the lowest of Greece’s three rates, which is 6.5 percent
4% -
The key points from Greece's proposal to lenders
EconomyProgrammein 2016 (excluding VAT) incorporate: 1) Change of the VAT rates from the current level of 6.5, 13..., basic and fresh food stuff, energy, water, hotels and restaurants. The new rates... in an effort to increase VAT and income collection. 3) Increase in the solidarity levy rates to 2% (from
4% -
The key points from lenders' proposals to Greece
EconomyProgrammewith the introduction of two VAT rates at 11 and 23 percent replacing the currently applied 6.5, 13 and 23.... The Greek proposal included 3 VAT rates at 6, 11 and 23 percent, The lowest rate of 6 percent... measures include: increase in the solidarity surcharge, adjustment in the property tax rates if necessary
4% -
Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomyoperating in the Greek banking market with the smaller considerably rising time deposit rates.... Following the rate changes in May, Greek corporate lending rates remain 250-350 bps higher than... and almost 100 bps above the eurozone average rate. The interest rates in consumer loans showed mixed
4% -
Greece submits proposals to lenders in hope of paving way for agreement
EconomyProgrammewith targeted fiscally neutral measure. The new VAT rates on hotels and restaurants will be implemented... and raise the solidarity surcharge without detailing the increased rates. The government will also... of the tax rates to safeguard the targeted revenues. The government also reiterated it commits
4% -
European Commission evaluates impact of bailout programme
EconomyProgrammepossible of the purchasing power of households with the lowest budgets. The adjustment in the VAT rates... at reduced rates. According to EC, restricted use of reduced VAT rates is needed to increase fiscal
4% -
Marked drop of 50 bps in new time deposit rate in July amid capital controls
EconomyMacroeconomy’ decision to lower interest rates in the aftermath of capital controls, since the four core banks... accounts. It is reasonable to assume that a similar pattern on rates and balances should be expected... loan rates remain 200-300 bps above the respective average figures for the eurozone. In the household
4%