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Tight schedule to approve multi-bill, tick off remaining milestones
EconomyProgrammethat the discount until 2021 of social contributions for owners of tourism accommodation (6-10 rooms... of lower rates until the end of 2018. Moreover, the discount of 15 percent on the total amount... contributions for farmers will increase revenues by a cumulative amount of 74.7 million euros until 2019
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Review delay brings Greek liquidity needs back into focus
EconomyProgrammethe required amount from internal sources until April or June, the July payment cannot be made... negative until the end of June (-700 million in the first half) before turning positive as of July, when... finance the country’s debt obligations until June but not thereafter.
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Athens accepts review's toughest fronts remain open
EconomyProgrammethat “nothing is agreed until all the issues are resolved,” adding that “different players are raising a number of issues, but nothing can be agreed until the whole package is clear.” An agreement on those... may be deferred, few developments are expected until the board meeting has taken place
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IMF sees much scope for reform progress, particularly on tax in Article IV report
EconomyProgrammesuggests a number of significant debt relief measures including grace extensions until 2040 and maturity extensions until 2070, interest deferrals until 2040, returning of SMP and ANFA profits and locking
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Stocks fall for fifth straight week, edging down 0.8 pct
EconomyThe Greek equity market continued heading south this week, remaining weak until Thursday amid... process. As a result, the Athens Stock Exchange general index, which had dropped by 3.2 percent until... volatile for yet another week. They experienced losses of 10.9 percent until Thursday, when the banking
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Bill for out-of-court workout ready but may need tweaks
EconomyProgrammeThe Development Ministry has tabled for public consultation until March 3 the draft law on the out.... The institutions have prefer to include debt created until the end of June 2016. In addition, the government... euros created until the end of 2015, 34.8 billion are overdue taxes of corporates. Meanwhile
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Greece forced to revisit prickly subject of pension spending to conclude review
EconomyProgrammepensions will have to be recalibrated according to the new rules until the end of September 2017...) will be frozen until this gap is eliminated through the effect of inflation and GDP growth... lines for the government until recently. The second measure proposed by the IMF relates to a review
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Newsletter 108 - 24/02/2017
and cut existing pensions when, until recently, it had promised it would not do so. The government’s...) unemployment hovered between 50 and 55 percent from 1995 until 2007 before falling to a low of 40.4 percent... that the government would have to transgress the two most prominent red lines it maintained until recently. 2 Current
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Greece and creditors dive into details of measures and counter-measures
EconomyProgrammeand implemented until 2020. According to government sources, some of its proposals were broadly... threshold and would like the cut in pensions to be implemented gradually until 2025. Finance Ministry... the general government outcome until the end of November 2016. The government expects the primary
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Newsletter 109 - 03/03/2017
deal with the institutions is reached. Until Thursday, the coalition had been vague about... reached 7.7 billion from July 2015 until December 2016. In addition, the repatriation of funds invested in foreign securities from July 2015 until November 2016 stood at 3.1 billion, while
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