Search
-
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 eurozone officials recently stated that pension reforms are also key for unlocking the next tranche of 3
26% -
S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
EconomyIn an unexpected move, S&P upgraded Greece’s rating by one notch to ‘B-‘ from ‘CCC+’ on reform progress with a stable outlook. The last time Greece was ‘B’ rated was also by S&P almost 12 months ago. The rating agency assesses that Greece broadly complies with the conditionality of the third
26% -
NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingmillion and goodwill write-off of 432 million) 2) One-offs of 138 million, with the bulk stemming from
26% -
PMI drops for third straight month to hit one-year low of 48.3 in Nov
EconomyMacroeconomyduring November as the headline PMI slumped to its lowest level in one year.” “Weaker demand
26% -
Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+'
EconomyFitch became on Friday the latest rating agency to place Greece one step away from investment grade, after upgrading its sovereign credit rating to ‘BB+’ from ‘BB’. The outlook is stable. Most analysts expect the investment grade, which the government has set as a so-called “national goal” for 2023
26% -
Moody's leaves Greece's rating unchanged, one notch from investment grade
EconomyDespite hopes that on Friday Moody’s would complete the cycle of granting the investment grade for Greece and the country would be rewarded by all rating agencies, it left Greece unchanged at ‘Ba1’, which is one notch below the investment grade, and kept the outlook stable. Last September, Moody’s
26% -
After criticism over public sector jobs, gov't names new revenues chief
PoliticsGreek Politicsdoctors being forced to resign was raised. “Over the last year there has been no break with bad old... CEO Anthimos Thomopoulos to resign. The HFSF denied this was the case and Tsakalotos reportedly dodged..., initially resisted calls for her to resign but eventually stepped down. Revenues chief It was not until
25% -
Insolvency bill debate brings implementation challenges to the fore
PoliticsGreek Politics“second chance” directive, is one of the requirements of Greece’s creditors as part of the post..., servicers and the Greek state, around one third of which relates to individuals and the remainder..., the borrower would be relieved of any debt obligations, while the period is shortened to one year
25% -
Newsletter 197 -8/03/2019
Foreclosure hurdle not cleared yet Primary residence dicussions continuing as hopes of Eurogroup... of their home is below 250,000 euros and they fulfil certain wealth criteria. One of those conditions... by the borrower should be no more than double the threshold for the primary residence i.e. 500,000
25% -
Authorities turn focus back to Covid-19 compliance as latest numbers trigger concern
PoliticsGreek PoliticsGreece. In just one week, Greece recorded 472 new cases, which is 146 cases more than the cases..., the subsidy starts at 80 pct and ends up to 60 pct. All previous primary residence protection regimes... the speedy clearance of cases involving the previous primary residence protection scheme, known
25%