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Apartment prices fell 7.5 pct in Q1, down for the 21st successive quarter
EconomyMacroeconomyrevenues of 2 billion. The levy substituted a tax imposed only on large properties with annual... was due to be paid last year. In addition, a decline in the property transfer tax to 3 percent... house prices of 6.2 percent in 2014, slowing to -2 percent in 2015 and to zero in 2016. Fitch's
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Better contribution collection for Greek pension funds but 5.1-bln shortfall looms
Economyof 5.1 billion euros, which stems from the budgeted deficit for 2014 (2 billion) and the cost... million euros) of the anticipated deficit of 2 billion for 2014 lies with IKA, Greece’s largest social... of unemployed surging by 1 million to 1.34 million in Q1 2014 from 364 thousand in Q3 2008. b) 3 billion
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Primary surplus inches up to 2.9 pct in Greece's 2015 draft budget
EconomyProgram (EAP) target of 3 percent. The upward revised estimate for 2015 primary surplus compared... execution in 2014. The 8-month budget primary surplus stood close to 2 billion euros, outperforming... with To Vima, Staikouras said that under current estimates 2014 primary surplus is estimated at 2
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IMF lowers medium-term forecasts for Greek debt, 2014 financing needs
Economyand by a further 2 pp in 2015. The IMF expects the current account (C/A) balance to remain positive albeit... forecasts stand up to 2 pp lower than in April, at 152 percent in 2017 and 135.3 percent in 2019. On gg primary surplus (as a percentage of GDP), the IMF retained its previous projections of 1.5 and 3
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Newsletter 1 31/10/2014
do not incorporate the positive impact (more than 3 billion) stemming from the recent legislation... surplus (2 billion euros) under the dynamic adverse model. Eurobank’s minimal shortfall of 18 million... improved by more than 12 points. Economic sentiment peaked at 104.1 in June. 2 Banks still face
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What does a bailout exit with a precautionary credit line mean for Greece?
EconomyProgrammetypical size is expected to vary between 2 and 10 percent of the concerned country’s GDP. Surveillance... and abolition of retirement exclusions from the general aging limits. 2) Abolition of nuisance, or parafiscal, taxes. 3) Changes in the tax auditing mechanism that would also ensure the independency
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Troika and Greece in stalemate over budget targets, prior actions as time ticks away
EconomyProgrammeits fiscal gap projection to less than 2 billion euros. Although Parliament voted an amendment... the 2 percent included in the draft budget published on October 7, but above the Medium-Term Fiscal... of 3 percent, in line with the MTFS target and marginally above the 2.9 percent incorporated
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomy(1.8 percent of GDP), lower than the 2 percent incorporated in the draft budget and the 2.3 percent... billion euros (3 percent of GDP), in line with the EAP target and above the 2.9 percent estimated... in negative territory (-2 percent). Unemployment is seen easing by 0.7 percentage points (pp) in 2014
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Newsletter 9 - 30/12/2014
will strive to pass the 3 percent threshold needed to enter Parliament and offer themselves as potential... of 5 percent to 2 percent for 10 years. This looks more like a debt reprofiling, with lower... percent, respectively, over the next five years. 2 Voting for brinkmanship The real economy needs
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New Democracy and PASOK ponder next moves after election defeat
PoliticsGreek Politicsthat a narrow defeat of 2 to 3 percentage points would be manageable for Samaras. However, SYRIZA’s... Sunday’s results came in (he pointed out that the party lost just under 2 percentage points compared
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