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Tailor-made Maastricht criteria for Greece?
Agorainteresting detail is that the 5 percent nominal growth rate can be thought of as 2 percent... for a maximum debt ratio of 60 percent, then the tolerable maximum deficit would have been 2 percent..., and a possible reform of the Maastricht Criteria? Table 2 provides some data. Based on the most likely
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The key points from Greece's proposal to lenders
EconomyProgrammewill be implemented as of October 1. 2) Introduction of a reward point system for the registration of receipts in an effort to increase VAT and income collection. 3) Increase in the solidarity levy rates to 2% (from... of the social security funds (SSFs) into three in two phases and over a period of 3 year. 2) Suspension
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Newsletter 47 - 16/10/2015
statements they expect a softer GDP contraction of between 1.5 to 2 percent this year... and 3.3 percent YoY in Q3 and by a further 2 percent QoQ and 5 percent YoY in Q4. The full-year... than its previous forecast for a recession of 2 percent for 2015. Note, though, that the bank
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GDP shows annual growth of 2.2 pct in Q3
EconomyMacroeconomyhas stayed above 2 percent for four out of the five previous quarters. In addition, GDP at current... outlooks unchanged at 2 percent for this year and 2.4 percent for next year. The European Commission... to 2 percent from 1.9 percent in the previous forecast. Growth of 2 percent was also anticipated
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The case of SYRIZA's fiscal performance
AgoraSYRIZA accomplish this? To boost the fiscal balance, SYRIZA 2 increased revenue and cut expenditure... families.[2] Direct income taxes under SYRIZA were lower than under Samaras, and Greece received fewer... experience with Varoufakis. On the expenditure side, SYRIZA 2 cut spending on goods and services
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A closer look at Greece's revised proposals to lenders
EconomyProgrammeand 2 percent for 2016. However, the government's baseline scenario projected a marginal primary... to be covered, the government proposed thirteen “parametric” measures worth 2 billion euros for 2015 (1.1 percent of GDP and 3.58 billion for 2016 (2 percent of GDP). On top of that, eight “administrative
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Growing hopes that Greek recession will be milder than expected
Economythis year, which is much softer than its previous forecast for a recession of 2 percent for 2015. Note, though, that the bank expects a bigger decline in 2016, when it believes GDP will fall by 2 to 3... by 1.5 to 2 percent this year, on the back of a drop in private consumption by 1.5 to 2 percent
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Newsletter 73 - 13/05/2016
that are estimated to yield 2 percent of GDP and overall two-thirds of the required fiscal measures... by five years, reprofiling the amortisation scheme and capping the interest charged to Greece at 2... worth 2 percent of GDP. The fact that all 153 government MPs voted for the package, which contained
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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomyof debt relief measures that would allow Greece’s primary surplus target to be lowered to 2 percent...: 1) GDP growth in line with the adjustment programme until 2022 and 1.5 percent thereafter 2) Inflation close to 2 percent until 2019 3) EFSF and ESM loan rates of 2.6 percent in 2020 and 3.5 percent
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankinginto a slight profit of 2 million euros in 2017, compared to profits of 37 million in 2016. The bank noted... percent to 1.67 billion. Net fee and commission income fell QoQ by 2 percent (87 million versus 89... in Q4 due to seasonality but fell by 2 percent across the year as a result of branch closures
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