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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
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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
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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
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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
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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
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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
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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
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Greece fell two places to 60th in Doing Business ranking, World Bank says
Economytaxes less costly for firms by reducing the employers’ social security contribution rates, making insurance premiums fully tax deductible and lowering property tax rates. Moreover, the government defined entertainment expenses as nondeductible, reduced the depreciation rates for some types of fixed
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Greece most socially unjust country in EU, study finds
Societysample, Greece falls “dauntingly far off the mark” in providing high employment rates in good, well-paying jobs. The workplace is marked by the lowest rates of employment among older workers, a low... olds has more than doubled since 2008 to 52.4 percent (again, by far one of the highest rates
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Greek teachers low paid, but work shorter hours in smaller classes
Societyto $52,879 (€49,650). On converting currency rates, the report uses purchasing power parity exchange rates which eliminate the differences in price levels among countries. In Greece, the equivalent figures were $17,760 for new teachers, rising to $34,901 at the top end of the scale. The same rates
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