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Greek 2013 primary surplus confirmed at 1.5 bln euros
Economydebt, 1 billion to reduce state arrears and 500 million would be given as a “social dividend... the reduction of social security contributions by 3.9 percentage points (2.9 for employers and 1 for employees), which will be effective from July 1. The MoF insisted on Wednesday that it could still meet
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Greece's updated proposals to lenders and how they compare to previous efforts
EconomyProgrammein the previous proposal. The pension interventions include: 1) Early retirement restrictions totalling... the cut by 3.9 pp that was implemented by the previous government as of July 1, 2014. At that time... with estimated revenues at 135 million in 2015 and 270 million in 2016. This corresponds to a 1 percent
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Newsletter 174 -14/09/2018
spending by 1 percent of GDP next year, as had been agreed and legislated last year. The Greek side... would receive before the end of the year around 1 billion euros in backpay. He also announced... rate of VAT from 24 to 22 percent in 2021, with the lower rate dropping 1 percentage point from 13
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Where is Odysseus? Part 5 - Productivity
Agoraon the macroeconomy of Greece.[1] In blog 16, we updated Greece’s demographic projections and found... is more easily transmitted in graphs than in lengthy complex tables. Employment. Consider Figure 1, below....[2] The dotted line in Figure 1 shows the employment path that was anticipated in Odysseus’ 2018
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Eurogroup clears next bailout tranches for Greece, sets new goals
EconomyProgrammeamounting to 1 billion each are linked to the implementation of milestones agreed between the Greek... of 2.9 billion in 2013, Greece will allocate 1 billion to reduce the country’s debt, 1 billion... involves one-off handouts to 1 million Greeks with low incomes and a temporary boost for members
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Better contribution collection for Greek pension funds but 5.1-bln shortfall looms
Economyunpaid pensions, 1 billion from lump-sums and 450 million from unpaid supplementary pensions. POPOPK... of unemployed surging by 1 million to 1.34 million in Q1 2014 from 364 thousand in Q3 2008. b) 3 billion... actions demanded by the eurozone for the disbursement of the next two bailout sub-tranches of 1 billion
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Newsletter 29 - 05/06/2015
lenders are demanding new fiscal measures of around 3 billion, which is markedly higher than the 1–1.5... surplus targets to 1 percent of GDP for 2015, 2 percent in 2016, 3 percent in 2017 and 3.5 percent..., for the 1 percent primary surplus target to be met, additional measures of 3 billion have to be adopted
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Greek banks' equity raising could keep official support to a minimum
Economy, and hybrid securities is activated. CoCos, which qualify as Common Equity Tier 1 (CET1) capital “pari passu... and 78 million to Tier 1 securities. Bondholders are offered the option for a share exchange at 100 percent of nominal value for senior notes, at 80 percent for Tier 2 and at 50 percent for Tier 1
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Coalition considers options for addressing pension system sustainability
EconomyProgrammepensioners currently stands at 1:1.7 compared to a target of 1:2.1 for a viable pension system. The key points of the proposed pension reform include: 1) A national pension with a growth clause equal... savings from pensions of 1 percent of GDP in 2016. Katrougalos said the aim is those savings
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgramme’s key provisions relate to the parametric fiscal measures yielding 1 percent of GDP... as of June 1 with estimated annual revenues of 437 million and a rise in the excise tax on cigarettes... of the public sector attrition rule from 1 hiring for 5 departures in 2016 to 1:4 in 2017 and to 1:3
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