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S&P keeps Greece at 'BB-' but revises outlook to stable on Covid-19 concerns
Economyof fiscal support and deferrals in the volume of 15 billion, or 7.5 pct of GDP according to S&P estimates... 157 pct in 2019. S&P estimates the total liquidity reserve at roughly 20 pct of GDP, a factor... current estimates that would erode the liquidity reserves of the authorities would lead
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IMF sees big dip of 9.5 pct for GDP in 2020 before mild recovery of 4.1 pct next year
EconomyMacroeconomy. The IMF estimates Greece going into a deep current account deficit of 7.7 pct of GDP, from a 2.1.... The Fund is broadly in line with the fiscal estimates of the Finance Ministry this year and for 2021, although there is some divergence in the debt level estimates that Athens does not see exceeding 200
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How SYRIZA says it will fund its economic policies
Economyprogramme was estimated by SYRIZA at 11.36 billion euros, of which 6.5 billion relate to the growth... and fuel smuggling. Estimated revenues are seen at 3 billion euros from the first year, yet SYRIZA... with estimated revenues of 3 billion in the first year. 4) Reallocation of 3 billion euros from
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What is SYRIZA planning to do with Greek banks?
Economyprogramme with a total cost estimated at 11.4 billion euros. SYRIZA’s economic policies were... of any type of unpaid obligations to banks. The cost of capital for this entity is estimated by SYRIZA... enterprises (SMEs) and farmers. The estimated cost stands at 1 billion euros. In Thessaloniki, Tsipras
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Greek coalition sets out plans for public sector, wages and pensions
PoliticsGreek Politicsand unions rather than in one go. It is estimated some 300,000 Greeks earn the minimum wage. Instead... for pensioners earning less than 700 euros a month. It is estimated that these interventions will cost 850 million euros per year. The coalition has pledged to cover the pension funds’ deficit, estimated
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Greece sends reform list to creditors, here's an outline of what it's likely to contain
PoliticsGreek Politicsthe humanitarian crisis. The cost of those measures was initially estimated by SYRIZA at 1.86 billion and relate to the following initiatives: · Subsidized meals for 300,000 poor families (estimated cost... home (estimated cost at 2 billion euros). The Alternate Finance Minister Nadia Valavani recently
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Greek pensions: The thorniest issue in talks between Athens and lenders
EconomyProgrammewas estimated at 326 million euros for 2015. In late 2014, reports indicated that the zero deficit... Samaras said in an interview last week that the 2015 budget estimated a 4.4 percent drop in supplementary... have an estimated impact of 600 million euros on fiscal expenditure. The institutions have expressed
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Greece drafts reform multi-bill as talks catalyst but fiscal gap lingers
EconomyProgramme. 2) Increase in luxury tax in cars, pools and yachts with estimated revenues of 20 million euros. 3... for Public Revenues. 4) Tender for TV licences with estimated revenues at 350 – 380 million for 2015... with estimated revenues of 50 – 70 million euros for 2015. 6) Improvement of the VAT collection mechanism through
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomylevy on pay TV, with estimated revenues at 30 million per annum. A levy on internet connections may also be introduced. 9) Increase in the excise tax on natural gas, with estimated revenues of 25 million 10) Imposition of levy on cars with foreign number plates, with estimated revenues of 15 million
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgramme) report notes incremental revenues are estimated at 200 million euros. This is on top of the 1.7 billion... on OPAP Gross Gaming Revenues (GGR) from 30 percent to 35 percent, with estimated revenues of 70 million... percent, expected to be effective from July 1 and with estimated revenues of around 450 million euros
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