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Athens ticking off prior actions one by one as EU keeps close watch
PoliticsGreek Politicsof the pension system. One of the key issues likely to come up during Moscovici’s visit on Tuesday... themselves some distance apart. Current legislation protects from foreclosure primary residence... for a married couple, 412,500 euros for a married couple with one child and 450,000 euros for a couple
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Disbursement delayed until April as lenders wait for primary residence law to be settled
EconomyProgrammethe government and the institutions over the new primary residence framework are holding up the green light... president Valdis Dombrovskis also said there had been significant progress on the primary residence.... In the meantime, work will have to continue on the details of the primary residence framework, which is due
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomy, from one of 225 million euros in the draft budget. The 2015 budget does not incorporate new measures... expected in 2015. Budget net revenues on a cash basis are seen at 50.87 billion euros in 2015, 722... a positive impact on general government fiscal figures of 852 million (0.47 percent of GDP) in 2013
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Primary residences back in focus as Athens waits for recovery fund decision
PoliticsGreek Politicsregarding the coronavirus recovery fund, there is growing attention on the primary residence..., but the size of the reserve and the way it will work are up for further discussion. One of the main... of the primary residence scheme. The programme, which protects certain homes from repossession if owners
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 171 million euros from continued operations.... On an aggregate basis, net profits from continued operations in the first nine months (9M) of the year..., the new law on primary residence protection, favourable real estate price developments
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UnLuCky for some: Another painful lesson from the euro crisis
Agorafor tolerance. Over the last year and a half one of the three key players in Greece’s crisis management team... respected figure, confessed in early 2013 that the fiscal multipliers used in the design of the Greek....” “Their NFLs (net foreign liabilities) remain very high (implying higher net income payments
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Newsletter 474 - 05/09/2025
or land to private developers. In exchange for covering all design, construction, and maintenance... is expected to pass by October. Following the earlier announcement of a one-month rent subsidy... for legal residence after seven years of undocumented presence, calling the previous provision “a reward
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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammeReform of the Greek pension system will be one of the thorniest issues in the third bailout programme that the new government will have to tackle. It is a key milestone in the coming months. Top... the design phase and are sufficiently concrete and quantifiable in order to be adopted. Otherwise
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Newsletter 114 - 07/04/2017
report on the operational targets for NPEs. In particular, the NPE stock fell to 104.8 billion, one... 2001 The employment balance remained positive in March, with net hirings jumping to 38,517 from... in February. The biggest contributor net hirings was accommodation (+11,898) ahead of the Easter period
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Newsletter 299 - 04/06/2021
. On the domestic front, the adoption of a new bankruptcy framework, including the end of primary residence... creditors, leading to a loss of assets but also future income. One factor that could work against the scheme’s acceptance is that it coincides with the withdrawal of protection for primary residence
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