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  1. Amid risk of 2015 re-run, Greece searching for deal with lenders
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    the top rate of VAT from 23 percent to 24 may help reach the 1 percent of GDP target needed from... to complete the set of measures needed to raise another 1 percent of GDP in revenues from income tax

    14%

  2. Eurosystem funding drops by another 2.8 bln to 101.4 bln in March
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    funding also fell for the third month in a row by almost 1 billion to 35.25 billion euros, with the bulk... slipped by 1 billion to 36.75 billion. Since July, Eurosystem funding has been slashed by 25.13

    14%

  3. Piraeus first Greek bank to repay Pillar II bonds, others to follow
    Photo by MacroPolis

    EconomyBanking

    1 billion. In addition, Pillar III bonds were only held by NBG for a cash amount of 1.2 billion... basis points above that for ECB funding), while the fees paid to the Greek state exceed 1 percent

    14%

  4. EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
    Photo by Stuart Chalmers via Flickr https://flic.kr/p/49JB98

    Economy

    stem from the pension reform (1 percent), personal income tax reform (1 percent) and changes in the VAT

    14%

  5. Negotiations between Greece and lenders: state of play ahead of Eurogroup meeting
    Photo by MacroPolis

    EconomyProgramme

    reforms each yielding 1 percent of GDP. The key pending issue relates to the tax-free threshold..., the government has not yet officially detailed the third pillar of measures worth 1 percent of GDP, which

    14%

  6. A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors

    EconomyProgramme

    and indirect tax measures, with estimated revenues or cost savings of 1 percent of GDP (1.8 billion... retirement pay amount exceeds 1,300 euros, rise in contributions for supplementary pensions by 1

    14%

  7. Outline of fiscal mechanism for automatic cuts emerges after Eurogroup

    EconomyProgramme

    will be effective from June 1. If there is a divergence from the target between 0.26 and 0.75 percent... will be 1 percent of GDP. For a shortfall of 1.26 to 1.75 percent, the measures will have to reach

    14%

  8. Drop in building activity slows to 12.2 pct in February

    EconomyMacroeconomy

    also fell by 16.6 percent, while the respective volume edged up by 1 percent in February. In absolute.... The institutions’ forecasts point to a further decline by 5 percent in 2016 and 1 percent in 2017

    14%

  9. With review completion in sight, which way next for Greece?
    Photo by Harry van Versendaal

    Agora

    lifting for the time being. The 1 percent of GDP in further fiscal measures (mostly rises... will have to be activated, and to achieve a much bigger corrective adjustment (say 0.5 to 1 percent

    14%

  10. Government faces tight schedule for amendments to bailout legislation

    EconomyProgramme

    actions by June 1, before the meeting of the ECB Governing Council on June 2, which is expected... sub-tranche. Houliarakis said that 1.8 billion euros (1 percent of GDP) of this amount will be used

    14%