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Greece and creditors try to untangle pension complications
EconomyProgramme1, 2015. 3) As of January 1, 2016 the state’s guaranteed social security contributions to main
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CPI falls by another 2.2 pct in July as VAT rises yet to be recorded
EconomyMacroeconomyof clothing and footwear, which declined by 13.2 percent MoM, as well as in household equipment (-3
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgrammerelating to unpaid tax and social security obligations. 3) Comprehensive plan for bank recapitalisation
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Greek government commits to new fiscal measures for third bailout
EconomyMacroeconomyof the income tax code 3) Gradual abolition of farmers’ preferential treatment with their new tax rate
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Greece commits to ambitious privatisation targets as part of new bailout
EconomyProgramme(consortium led by Fraport AG). 3) Conclude around 20 selected pending actions (not specified
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomyin the first instalment payment, which was targeted above 800 million 3) Non-assessment
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Greek Q2 growth of 0.8 pct confounds recession forecasts
EconomyMacroeconomyfrom mid-2016. The rating agencies estimated a recession between 1.5 (Fitch) to 3 percent (S&P
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Tsipras wins vote on 3rd bailout but loses more MPs, raising probability of snap polls
PoliticsGreek Politicsthe process with procedural objections, 222 MPs voted “yes” and 64 “no.” There were 11 abstentions and 3
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Eurogroup approves 3rd bailout for Greece but expects swift, extensive action
EconomyProgrammeobligations to the International Monetary Fund next month and some state arrears - 3 billion euros
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Newsletter 39 - 21/08/2015
the 3 percent threshold as well. There had been speculation that because of this uncertainty
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