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Greek government's proposals to bridge gap with lenders appear to fall short
EconomyProgrammecontributions for pensioners to 6 percent (from 5 percent in the previous Greek proposal). Moreover... from 3 to 3.5 percent. Labour markets The government fully converges with institutions mentioning
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Where the key differences between Greece and the institutions lie
EconomyProgrammecontribution for main pensions from 4 to 6 percent and extension for supplementary pensions... in the employee contribution for supplementary funds from 3 to 3.5 percent. The institutions object both
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The key numbers behind the latest Greek proposals
EconomyProgrammein 2016. 3) Reduction in the expenditure ceiling for military spending by 100 million in 2015 and 200... revenues at 47 million per annum in 2015-2016 6) Taxation with 30 percent on gross gaming revenues
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Reshuffle of limited scope, ambition suggests elections on horizon
PoliticsGreek Politics. Palmos Analysis for @EFSYNTAKTON SYRIZA 42.5% New Democracy 21.5 Potami 8 G Dawn 6.5 PASOK 6 KKE 5.5 Ind Greeks 3 Others 7 #Greece — MacroPolis (@MacroPolis_gr) July 18, 2015 Palmos Analysis
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Bank holiday to end but capital controls remain and some transactions forbidden
Economyclosed for 3 weeks (since June 29). Over that period, around 1,000 branches were operating mostly... rates are effective as of July 20. Moreover, the hotel VAT rate is set at 6 percent until September
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Primary surplus 3.1 bln above target in H1 on severe underspend
EconomyMacroeconomytarget) 2) Other social security funds expenditure (at zero versus a FY target of 446 million) 3) Grants... versus FY target of 454 million) 6) Consumption and non-allocated expenditure (at 23.4 percent
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A breakdown of the funding needs involved in Greece's third bailout
EconomyProgramme. Payments to the IMF (8.3 billion) 3. Redemptions of bonds held by the private sector (6.8 billion) 4... will lower financing needs by 6 billion. Based on these estimates, Greece’s gross financing needs
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgrammerelating to unpaid tax and social security obligations. 3) Comprehensive plan for bank recapitalisation...) Full evaluation of the social welfare system, targeting annual cost savings of 0.5 percent of GDP. 6
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Greek government commits to new fiscal measures for third bailout
EconomyMacroeconomyof the income tax code 3) Gradual abolition of farmers’ preferential treatment with their new tax rate... of relevant frequencies 6) Extension of taxation on Video Lottery Machines (VLTs) gross gaming revenues
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomyin the first instalment payment, which was targeted above 800 million 3) Non-assessment... at 1.55 billion euros, 317 million below target. As a result, net revenues fell by 6 percent – lower
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