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Newsletter 266 -18/09/2020
estimates for 9 pct recession this year and 6 pct growth in 2021, which suggests that Greece... deficit of 6 pct of GDP, as spending has increased, and tax revenues are suffering from due to the crisis... are kept below 15 pct of GDP. The central banker also highlighted the significance of EU funding over
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Newsletter 269 -16/10/2020
to extend its territorial waters from 6 to 12 nautical miles or lose all credibility in Progress... currently extend 6 nautical miles, adding that the option of extending to 12 miles will be exercised..., towards a more stable path in the 2022 to 2025 with a deficit of 1 to 15 pct of GDP. The primary
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Newsletter 404 - 01/12/2023
by former finance minister Euclid Tsakalotos and the more moderate “6+6” faction for which former labour... in a recent newsletter. The Greek Finance Ministry sees rapid investment growth that will exceed 15 pct... by 3.6 pct annually. Compared to September 2022, automotive fuel was down by 6 pct, non-food was down
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Greece lays out plans for debt relief from eurozone
EconomyProgrammeby 15 years c) Deferral of interest payments on EFSF loans by 10 years As a result, the cost of GLF... onwards. In addition, 15 billion euros of Greece’s debt is in the form of short-term notes (Treasury... 15 years and a reassessment of GLF interest rates thereafter. The Greek government is expected
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Newsletter 48 - 23/10/2015
capital needs of 15–17 billion, of which private investors would have to cover a high, single-digit figure... are pointing to a total figure of between 15 and 17 billion, of which private investors would have to cover a high, single-digit figure. On October 15, Piraeus was the first Greek bank to announce a bond
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammewill be granted at the age of 67 years to those living in Greece for at least 15 years. The full amount... replacement rate. This rate stands at 12 percent for 15 working years, at 37.5 percent for 35 working years and at 46.7 percent for 40 working years. 6) The overall main pension replacement rate also takes
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Newsletter 69 - 08/04/2016
slashed to 15 billion. He added that a feasible privatization revenue target would hover around 6–7... year for those with at least 15 working years. At the institutions’ request, the Labour Ministry has reportedly slightly lowered the pension replacement rates for the first 15 working A Finance Ministry
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Newsletter 95 - 11/11/2016
in Athens that Obama’s November 15–16 visit will not have such a significant impact as they had... and 15 percent respectively in September. The aggregate figures for the first nine months..., which makes up almost 21 percent of the index, fell by 2.8 percent. The biggest drop of 15 percent
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Athens eyes ample cash buffer, prepares for bond swap
EconomyProgrammeprogramme next summer. The creation of this reserve was one of the points agreed at the June 15 Eurogroup...,” was the concluding statement of the June 15 meeting of eurozone finance ministers. The creation of a pool of stand... buffer of between 12 and 15 billion euros. Nine billion of this would come from disbursements
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Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
EconomyBankingbillion are due to be restructured, and the remaining 15 billion to be remedied through auctions... to 15 billion euros of NPEs could be shifted to the new entity. Although official details... the bailout. According to rough estimates, the target of shifting 15 billion euros from the Greek banks
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