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Newsletter 284 - 12/02/2021
restrictions announced on Tuesday, those estimates are already looking dated. In Monday’s announcement... advance refunds allocation is doubling from the initial estimates to 3 billion euros for the first... estimates on a weekly basis, and current estimates are that the support bill for 2021 will come to 11
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammesurplus target. The IMF points out that the Greek government estimates smaller gaps based on more... competitiveness and inadequate financing. It estimates that the underlying structural C/A deficit stood... the baseline and at 9.4 billion under the adverse scenario. The IMF sees upside risks to these estimates
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The key numbers behind the latest Greek proposals
EconomyProgramme23. However, it is not clear whether the government later changed those estimates or whether... the corporate tax rate from 26 to 28 percent with estimated revenues at 260 million in 2016 2) Increase... with estimated revenues at 100 million per annum in 2015-2016 5) Extension of luxury tax with incremental
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European Commission review of Greek programme: The key points
EconomyProgramme), the EC estimates Greece would have needed an additional 5 billion to cover its financing needs until... estimates privatisation revenues in excess of the 3-billion mark per annum as of 2016. The updated plan... that the financing gap until May 2015 is estimated at 5.5 billion euros. This figure reduces to 3.8 billion if we
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Crisis management policy: the sad lesson of the Greek case
Agorabe estimated by model simulations. As such, there is great uncertainty associated with the estimates... estimates that this will require a tightening of five percent of GDP. However, IMF prefers to obtain... programme in early 2012 As the second programme was completed in March 2012, the troika estimated
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgramme. This resulted in IMF lowering its real GDP growth estimates by 50 basis points to 1.5 percent... into the Treasury. Overall, the IMF estimates Greece’s net financing needs at 29.3 billion in the next 12... for the 3-year period. It is noteworthy that IMF estimates that Greece would complete prior actions
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For better or worse: Greece's bailout exit deja vu
Agoraand estimates, Greece was expected to save an additional 1.7 to 2 billion euros annually over the period... yet prove difficult.” Although growth estimates between now and 2014 for the near term have been... and the European lenders could not agree on their fiscal estimates for Greece to reach the 3.5 percent
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Fitch upgrades Greek rating to 'BB-', three notches from investment grade
Economyof more than 24 billion euros, 13 percent of GDP, which the Eurogroup estimates will see Greece covered up to mid-2020. Fitch estimates that Greece is fully funded until 2022, which is a significant... 2022 then dropping to under 3 percent from 2024. Fitch estimates Greece’s GFN to stay below 9
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EC warns budget not on track due to handouts, advises against further underspend
EconomyProgrammeestimated, based on the General Accounting Office’s estimates which accompanied the bill... installment schemes for tax and social insurance contributions arrears. The Commission estimates the package at a cost of 1.1 to 1.4 percent of GDP, essentially double the Greek estimates. The gap stems
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Bank of Greece publishes bank stress test results, which see capital needs at 6.4 bln
EconomyMacroeconomyin the fourth quarter of 2013. Based on these forecasts, BoG estimates the internal capital... fourth review estimates (July 2013) and incorporate: GDP rebound of 0.6 percent in 2014, 2.9 percent... and Panellinia, increase to 6.381 billion. The released figures were estimated by the BoG on the basis
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