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Newsletter 155 -16/03/2018
buffer to reach 16.4 billion euros by August, when the third programme expires. This could rise to 20... quarter-on-quarter to over 1 million, along with a fall in those employed by 87,372 to 3.7 million... dipped below the 1 million mark. Wages index improves by 0.2 pct in Q4 Year-on-year rise in index
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General govt primary cash surplus at 2.58 bln in March as revenues rise
EconomyMacroeconomymillion euros compared to 1 billion a year ago. The local government surplus fell by 26 million to 176... of March. The next largest category was tax refunds​,​ which constitute just under 20 percent... remained unchanged at 2.85 billion, representing less than 1 percent of the total. Guarantees The stock
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Concerns raised about next year's pensions cuts
EconomyFeaturespensions will be cut next year, when Greece is expected to trim its spending on retirees by 1... for every 100 persons of working age (20 to 64 years). The ratio rose from 19.5 in 1975 to 27.9... of 2019, totalling 1 percent of GDP.
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Newsletter 163 -25/05/2018
Strategy, which foresees primary surpluses of 3.5 percent until 2022 and pension cuts worth 1... measures, which include the base income tax rate dropping from 22 to 20 percent and the scrapping... January 1. They will help about 500,000 families cover their rent or mortgage. It is expected
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If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomypercent for incomes between 10 and 30,000 and 20 percent for incomes over 30,000. If the minimum... low at 20.1 percent in 2017 versus the 34.9 percent EU average. The report concludes that every 1... 1 ppt increase of card use as a share of private consumption increased VAT revenues by 1.4 ppt
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Delay to final tranche over island VAT as lenders quash talk of pension cut reversal
EconomyProgrammealso had to commit that the VAT rate will be raised from January 1, 2019 on Chios, Kos, Leros, Lesvos... he insisted would take place well before August 20, when the programme ends. He drew attention... to reduce pension spending by 1 percent of GDP or whether it will be able to avoid the cuts, a number
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For better or worse: Greece's bailout exit deja vu
Agora, will see out on August 20. That finishing line had been his main political target since he realised... of pensions spending by 1 percent of GDP and collecting more revenues, also worth 1 percent of GDP
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Recent study issues warning over ageing population, future pension burden
Societytoday to 1.4 million under an optimistic scenario and 1 million in an adverse scenario, by 2050... to retirees is 1.3 workers to 1 pensioner, with 3.6 million workers paying contributions to the pensions... of individuals older than 65 years for every 100 persons of working age (20 to 64 years). The ratio rose
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Tax cuts set to lead package of post-MoU pledges by Tsipras
PoliticsGreek Politicsthe programme on August 20, which was not celebrated due to its proximity to the deadly wildfire... out of the excess surplus for 2019, which is expected to surpass 1 billion euros. The 2018 excess..., the measures are costed at between 750 million and 1 billion euros, with around 2/3 of the sum
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NBG remains profitable in Q2 with net results of 21 mln
EconomyBankingin the second quarter (Q2), very slightly improving on net profits of 20 million in Q1. Factoring... of small enterprises, totalling roughly 1 billion euros, which are collateralised. P&L Net interest income... covered bonds. Capital The Common Equity Tier 1 (CET1) ratio stood at 16.2 percent in Q2 from 16.5
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