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Check, please: How much Alexis Tsipras's first months cost Greece
Agorato additional fiscal measures worth 2 percent of GDP in the form of pension cuts and tax hikes for 2019... funding, they dropped back to 3 billion euros at the end of 2014. By July 2015, arrears had reached... to the acrimonious negotiations with the creditors, at a cost of nearly 2 billion euros. Repos The Greek
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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeaturesin the electricity and gas sectors fell to 2 percent of GDP in 2011-2015 compared to levels over 4 percent... and Stara Zagora. Whilst relatively modest in length and capacity (it will deliver 3 bcm/y initially, with the potential to add a further 2 bcm/y in a second phase), it is important because it will allow
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Newsletter 147 -19/01/2018
not like to consider going to the polls in a year that they have to implement new fiscal measures worth 2... percent. 2 Budget primary surplus at 1.97 bln in 2017 Strong underspend drives headline figure... of 3 percent, Hellenic Statistical Authority (ELSTAT) data showed. The headline figure puts the rate
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Newsletter 153 -2/03/2018
, this difference stood at 16.3 points. 2 Economic sentiment at 104.3 pts in Feb Headline figure reaches... and fell by 2 points to -53 in February compared to -51 in January. Year-on-year, consumer confidence has improved by 20.3 points. In the other indicators, industry confidence improved by 3 points month
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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
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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
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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
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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
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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
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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
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