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  1. Newsletter 23 - 17/04/2015

    Newsletters

    markedly in the first quarter of this year. Local media claimed that around 2 billion euros of new... in an improvement of the NPL cash coverage by almost 7 points, bringing it close to 59 percent at the end... of 1.62 billion euros. 2 Compromise now, reckon later? The economy is locked in an ever-asphyxiating

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  2. 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... than 600 million euros. 7) Combating illegal trade on oil, tobacco and alcohol, with projected... billion euros for a primary surplus of 1.5 to 2 percent of GDP to be achieved for 2015.

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  3. IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief

    EconomyProgramme

    targets for the next years: at 1 percent of GDP for 2015 (from 3 percent), 2 percent in 2016 (from 4.5 percent) and at 3 percent for 2016 and beyond (from 4.5 percent). 2) Lower privatization proceeds...), while arrears’ clearing stands at 7 billion in the next 12 months and the same number is assumed

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  4. The key numbers behind the latest Greek proposals

    EconomyProgramme

    the corporate tax rate from 26 to 28 percent with estimated revenues at 260 million in 2016 2) Increase... in 2016, when VLTs will be fully operational. 7) Issuance of 4G and 5G licences with estimated revenues... revenues estimated at 200 million 2) Increase the corporate tax rate by an additional one percentage point

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  5. Newsletter 35 - 17/07/2015

    Newsletters

    of this amount includes: 1. Amortisation of SMP and ANFA bonds held by the Eurosystem (12.7 billion); 2... several payments to the private sector, where arrears have increased to 7 billion, which the commission... the beginning of 2014. 2 Back to business as abnormal A look at what's ahead for Greece's banking sector

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  6. Draft bill sees millions in savings and revenues from variety of bailout interventions

    EconomyProgramme

    . 2) The rise in the advance payment of tax for farmers (from 27.5 percent to 55 percent) and self... basis from the abolition of certain taxes and contributions. 5) The abolition of the 2 percent... owners who fail to pass their cars or motorbikes through road worthiness tests (KTEO). 7) The reduction

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  7. Newsletter 42 - 11/09/2015

    Newsletters

    shortfall of 7–8 billion under the baseline scenario and a similar amount under the adverse scenario... with the conservatives, SYRIZA will be searching for a minimum victory over New Democracy of about 2 percentage... lowest reading this year. 2 Looking in from the outside External observers wisely avoid misguided

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  8. Unemployment rate eases to 24.6 pct in Q2 as number of employed jumps
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    (around 2 pp) to 21.5 and 28.3 percent respectively. The latter remains steadily almost 7 pp higher... improved by 2 pp over the Q2 2014 rate of 26.6 percent. This reflects a rise in the number of employed

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  9. Pension reform to be one of new government's toughest challenges in next weeks
    Photo by MacroPolis

    EconomyProgramme

    in an annual increase in revenues by 854 million euros (0.5 percent of GDP). 2) Gradual elimination... the restoration of basic and supplementary pensions to their 2012 levels. 2) The gradual phase-out... and benefit payment procedures across all funds. 7) Gradual harmonization of the pension benefit

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  10. Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead

    EconomyMacroeconomy

    contributions for main pensions (531 million) and supplementary pensions (183 million) 2) Reduction... percent discount in VAT on islands (2.2 billion) 2) Increase in the solidarity levy rates (390...) 7) Increase in the tax on insurance fees (106 million) 8) Introduction of tax on television

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