Search
-
Proposed VAT overhaul a stepping stone towards agreement with lenders?
EconomyProgrammeis one of several obstacles to a full deal between the two sides, according to Finance Minister... net impact on budget revenues from the proposed VAT overhaul but one of the measure’s goals... amount when one takes into account that VAT revenues reached 13.6 billion euros in 2014. Since
4% -
SYRIZA strife not a rebellion in the making yet
PoliticsGreek Politics. Milios was one of several SYRIZA members to express concern about the direction the government... so now unless one of the bigger factions decided to revolt. That is why all eyes should... to be the only one that can create the kind of unrest within the government that would jeopardise any deal
4% -
Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBanking) to 245 million euros, mainly due to the elimination of several one-off items that burdened Q4 results... expenses dropped 23.2 percent on a reported basis, while excluding the one-off impact from.... One month later, Piraeus agreed to sell its entire stake (98.5 percent) in its Egyptian unit to Al
4% -
Income inequality in Greece has grown during crisis, OECD report shows
Societyhas identical incomes and 1 when all the income goes to only one person – income inequality... over one percentage point to 9.4 percent. In Greece, anchored poverty more than doubled to 27 percent and in Spain it almost doubled to 18 percent. The report said one of its “striking findings
4% -
Waiting for the hurricane
Agoraand present a genuinely new path. This strategy had two aspects to it: One was to convince Greece’s... the last few months. In fact, if one looks at the unmeritocratic way public officials have been... to the point of debating the merit of these options, one has to consider the organisation and clear
4% -
Athens Stock Exchange ends week on a low, banks lose 9.7 pct
Economygovernment’s decision to bundle June payments to the IMF into one at the end of the month... above the 100-million mark. The previous week, excluding the one-off impact from the MSCI and FTSE... reflecting some one-off items. Turnover improved by 29.2 percent to 46 million, while EBITDA showed
4% -
S&P moves Greece down a notch to CCC, maintains recession forecast
EconomyS&P unexpectedly lowered on Wednesday Greece’s rating by one notch to ‘CCC’ from ‘CCC+’, where... by three notches to ‘CCC’ on March 27, whilst Moody’s cut the country’s rating by one notch to ‘Caa2’ (equivalent to ‘CCC’) one month later on April 29. The next scheduled rating reviews are on July 31
4% -
Newsletter 31 - 19/06/2015
are not looking for one-off cuts from Greece but for reductions that will bring recurring results... lenders as a structural measure that produces a permanent spending cut. One of the reasons... as the defence minister’s vision of a strong military does not come cheaply. One of his first moves as defence
4% -
Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
EconomyMacroeconomy). It should be noted though that last year’s figure included one-off revenues of 1.31 billion related to the payment of preference shares by Alpha and Piraeus. Similarly, this year’s figure incorporates an one... to 16.29 billion. Excluding the one-off items from periods, the adjusted figures show a more moderate
4% -
Why doesn't Tsipras just cut defence spending?
Agoraunconstitutional in 2014. This also serves as a reminder that the institutions are not looking for one... as a structural measure that produces a permanent spending cut. One of the reasons that Tsipras chose... vision of a strong military does not come cheaply. One of his first moves as defence minister
4%