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Greece submits reform proposals but Eurogroup unlikely to be moved
EconomyProgrammeindependent and/or regulatory entity. 3. The third reform is linked to revenue administration.... Although Valavani had indicated the government would target revenues of 3 billion, the list does... market of online gambling in Greece exceeds 3 billion annually. According to the Greek authorities
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Eurobank posts loss of 523.7 mln in Q4 2014
EconomyBankingII bonds, 9.2 billion to credit claims, 3 billion to pillar III bonds, T-Bills and Greek government... securities, Eurobank could replace ELA with ECB funding for the 3 billion related to pillar III... a cost close to 3 percent.
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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammeamount. This means that settled arrears could reach around 3 billion, while the targeted revenues... December called for a primary surplus of 5.6 billion in 2015 corresponding to 3 percent of GDP..., this indirectly means a lower fiscal target compared to the EAP target of 3 percent, the lower fiscal outcome last
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomy) and more than 5 billion (3 percent of GDP). According to local media, the measures... brackets respectively. 3) Extraordinary levy on the 500 most affluent Greek citizens. 4) Increase... ranging between 1 to 5 euros per day for hotels with three stars or more or a tax rate between 3 to 5
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Proposed VAT overhaul a stepping stone towards agreement with lenders?
EconomyProgrammecard, the new VAT rate of 18 percent will be reduced by 3 percentage points (pp) to 15 percent. A low... hotels, a 3 percent tax on food services and 6 percent tax on specific purchases on islands... of 3 pp on VAT for almost all product and services when customers use their cards is mainly
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Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
PoliticsGreek Politics. According to reports, this year’s target will be 1 percent of GDP rather than 3 percent, 2 percent in 2016 rather than 4.5 percent, 3 percent in 2017 and 3.5 percent from 2018 onwards. The impact of the two... that the government will have to adopt 3 billion euros worth of fiscal measures, against the 1 billion euros
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Newsletter 30 - 12/06/2015
of June. Since the ELA liquidity buffer for Greek banks has remained stable at 3 billion over the past 6... percent for 2016, 3 percent for 2017 and 3.5 percent for 2018 and beyond) and abandoning its demands... are demanding 3 billion euros of fiscal measures this year alone and another substantial overhaul
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Greece seeks 3-year programme that could exceed 65 bln
EconomyProgrammeits forecast to a contraction of 1.5 percent. S&P is more pessimistic as it projected a 3 percent..., 2) Redemptions of Greek government bonds held by the Eurosystem of 14.3 billion 3) Redemption... billion would be incorporated in the calculation. 3) On the flipside, Greece could receive SMP and ANFA
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Most Greek businesses feel capital controls impact, 69 pct see turnover drop
Economy, whilst fewer companies delayed salary payments (3 percent). Almost one quarter of the sample indicated... of the surveyed firms said they estimate capital controls will remain intact for more than 3 month... 3 percent. Increasing liquidity is also seen as a top priority (26 percent) in the long run with tax
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Greece and lenders appear close to third bailout deal, with few issues outstanding
EconomyProgrammerate applied on tax obligations above 5,000 euros from 3 to 5 percent. For lower amounts... for Greek bank recapitalisation as outlined in the Euro Summit statement of July 13. 3) The repayment... in September. 5) Payment of state arrears to the private sector of around 3 billion euros.
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