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  1. Greek government commits to new fiscal measures for third bailout

    EconomyMacroeconomy

    for 2016-19. Among others, the latter will include: 1) The second phase of pension reforms 2) Reform of the income tax code 3) Gradual abolition of farmers’ preferential treatment with their new tax rate

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  2. Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance

    EconomyMacroeconomy

    that was not collected 2) Extension of submission of personal income tax (PIT) declarations that led to a delay in the first instalment payment, which was targeted above 800 million 3) Non-assessment

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  3. Greek Q2 growth of 0.8 pct confounds recession forecasts
    Photo by MacroPolis

    EconomyMacroeconomy

    , the European Commission predicted a recession ranging between 2 and 4 percent this year... from mid-2016. The rating agencies estimated a recession between 1.5 (Fitch) to 3 percent (S&P

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  4. Newsletter 39 - 21/08/2015

    Newsletters

    the 3 percent threshold as well. There had been speculation that because of this uncertainty... is eighth straight monthly decline. 2 Stealing the show Lack of credible alternative explains voters

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  5. Wages index falls 1.8 pct QoQ in Q1 2015 for the second successive quarter
    Photo by MacroPolis

    EconomyMacroeconomy

    year formula, whilst previous figures were calculated according to a moving base year. 2) The exclusion of the severance payments in the calculation of the index as of Q1 2013. 3) The change of the base

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  6. The targets and deadlines in Greece's privatisation programme

    EconomyProgramme

    be approved by the EC in November and the delivery of airports would be completed by March 2016. 2... of the integrated development plan and urban plan study. 3) Astir Vouliagmenis, a hotal complex including

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  7. Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports

    EconomyMacroeconomy

    and exports of goods down 2 percent. A key component of services’ exports is related to tourism which... in 2018. The rating agencies have forecasted a GDP contraction ranging between 1.5 (Fitch) to 3 percent

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  8. These are the bailout deliverables expected from Greece in September

    EconomyProgramme

    with the EC. 2) Adopt outstanding reforms on the tax procedure codes (TPC) related to: introduction... will be treated as a single but serious procedural violation for VAT. 3) Sign the ministerial

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  9. Marked drop of 50 bps in new time deposit rate in July amid capital controls
    Photo by MacroPolis

    EconomyMacroeconomy

    above 250,000 and below 1 million euros. 2) Significant drop by 58 bps to 3.94 percent for amounts..., the weighted average rate on new loans decreased by 3 bps in July, after a drop by 23 bps in June

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  10. Greek QE eligibility? We're not there yet
    Photo by ECB via Flickr https://flic.kr/p/qqjzQG

    Agora

    of each specific bond issue (upward revised on September 3 from the initial 25 percent) to prevent... remaining maturity of 2 years and a maximum of less than 31 years. This maturity range is applied

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