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EconomyFeatures
VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct The European Commission's VAT Gap report has revealed that high rates of VAT in Greece appear to have fed tax avoidance rather than close the gap between expected and actual revenues.
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EconomyProgramme
Mixed picture for government after first day of talks with creditors A mixed picture emerged following the first day of talks between Greek government officials and the institutions’ mission chiefs in Athens as part of the post-programme visit by the lenders, which began on Monday.
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EconomyProgramme
No final word on pension cuts as lenders prepare for return to Athens next week Ahead of the institutions returning to Athens next week for their first post-programme visit, the Greek government has been given some encouragement in its bid to avoid the pension cuts that are due to be implemented next year.
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EconomyMacroeconomy
Economic sentiment remains stable as retail confidence materially improves Greece’s economic sentiment (ESI) remained broadly unchanged in August dropping by 0.1 points to 105.2 following a rise of 2.8 points in July, European Commission (EC) figures revealed on Monday.
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EconomyProgramme
Focus turns to first post-MoU visit by creditors and talks on pension cuts Greece’s post-programme era, which officially began on Tuesday, is to start in earnest on September 10, when the institutions are due to return to Athens for the first round of discussions with the government.
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EconomyProgramme
Last bailout tranche just days away as pension discussion looms All the hurdles have been cleared for Greece to receive the last tranche of the third and final bailout as focus shifts to the discussions that Athens is due to have with the institutions in the coming weeks, particularly on the issue of next year’s pension cuts.
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EconomyMacroeconomy
Economic sentiment reaches 105.3 in July, highest since June 2014 Greece’s economic sentiment (ESI) rose by 2.8 points to 105.3 versus the reading of 102.5 in June, European Commission (EC) figures revealed on Monday.
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EconomyMacroeconomy
Deposits inflows in June reach 1.36 bln for fifth month of positive readings Net deposit movement in the Greek banking system remained positive with inflows of 1.36 billion in June, building on inflows of 919.4 million in May, Bank of Greece (BoG) figures revealed on Wednesday.
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EconomyProgramme
IMF sets date for Article IV and DSA as markets mull Greek bonds International Monetary Fund officials are due to meet on July 27 to discuss the Article IV review regarding Greece and the latest debt sustainability analysis (DSA) put together by the Washington-based organisation, which is being keenly anticipated by investors as Athens prepares for another possible bond issue.
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EconomyProgramme
Commission sets out parameters for post-programme enhanced surveillance The European Commission announced on Wednesday that everything is in place for the enhanced surveillance framework to be adopted after the third programme is completed on August 20.