Search
-
General govt primary cash surplus at 1.98 in Jan, arrears fall by 167 mln
EconomyMacroeconomythe sales of nonfinancial assets declined by 12 million, standing at 2 million in January versus 14.... A rise of 47 million in arrears of hospitals was noted in January, along with a rise of 2 million... and non-gg entities by 3 million. Bank-related guarantees fell to 17.52 billion in January, of which ELA
24% -
Greece’s unstable and confusing tax system failing to deliver results
EconomyMacroeconomyof any OECD country, with tax evasion estimated at between 2 to 5 percent of GDP per year according... paid roughly 67 percent of taxes, while 3 percent of taxpayers with an income of over 42,000 euros.... The equivalent in the UK is 5 percent, and in Germany just 2 percent. Greece’s problematic tax
24% -
Athens and creditors place immediate focus on remaining key deliverables
EconomyProgrammeand structural reforms; (2) a clearer view of financing beyond the Third Programme (3) material... to some combination of: (1) a lack of cooperation between Greece and its institutional creditors; (2
24% -
The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesto limit the rise of pension expenditure to 2 percent of GDP over the long term (2010-2060). It raised... the top 2 percent of pensioners actually experienced cuts of 40 percent or more. Since 2013, detailed... are punishing. Greece has 3 people over 65 for every 10 of working age. According to the OECD’s projections
24% -
The race to reduce Greece's bad loans
EconomyBanking, a collateralised portfolio of NPLs from small- and medium-sized businesses worth 2 billion euros is also... of its NPL reduction strategy, NBG has put up an NPL portfolio fo sale, totalling 3 billion euros... NPLs in Greece tot he value of 2 billion euros. The consideration of the transaction, which amounts
24% -
EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammeinto a 3 percent long-term nominal growth rate, on the assumption that inflation will reach 2 percent... used in 2015 will be recovered, noting that 2 billion euros were already repaid in February last year
24% -
Newsletter 168 -29/06/2018
is seen levelling off at 1 percent in the long-term, which translates into a 3 percent long-term nominal growth rate, assuming that inflation will reach 2 percent in 2023 and remain at the that level.... 2 May budget primary surplus at 1.53 bln Confirmed figure beats the target by 1.35 bln The budget
24% -
Recent study issues warning over ageing population, future pension burden
Societyauthors state that while Greece is aiming for 2 percent annual GDP growth, a rate closer to 4... to around between 3 and 3.7 million in 2050. At the end of last year, the Organisation for Economic... decreased by 2 percent to come to 118,792, still outpacing births and leading to a net shortfall
24% -
ND defends economic pledges as Kammenos repeats walkout threat
PoliticsGreek Politicsin 2021 will be around 2 billion euros, which is the same as the funding that local authorities... euros, will create a fiscal gap. New Democracy responds to this by saying that it will find 2... (as the party is currently polling below the 3 percent threshold), some (at least three, according
24% -
Newsletter 176 -28/09/2018
prove crucial to the process. The Greek government is likely to have to wait until the December 3... dependent on the budgetary performance. Moody’s sees the economy growing by 2 percent this year... 3.5 percent as any amount in excess of the country’s quota has a rate of close to 4 percent. 2
24%