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Insolvency code, 'second chance' for debtors unveiled as ND eyes social impact of crisis
PoliticsGreek Politicswill stave off a major social impact resulting from the long economic crisis, as well as the knock-on effect... chance” mechanism, where debts to banks and the state can be written off following the liquidation..., or whose home is valued at 20 percent of their total debt could have their debts written off in one
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Hoping to deflect criticism, ND bolsters stimulus package ahead of new lockdown
PoliticsGreek Politicsfurloughed workers and the unemployed. Of that, 675 million euros will be used for a one-off stipend of 800 euros each for employees who have been forced to stay off work. Meanwhile, 308 million will go... the retail sector leads to 5 billion euros being shaved off Greece’s GDP each month. Tsipras
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Newsletter 283 -05/02/2021
in Thessaloniki occupancy has eased off to 34 pct. According to the information presented in Parliament... to fund more relief measures for businesses as the coronavirus has knocked the 2021 budget off track... off the systemic banks’ books, within one year of operation, and three months before the scheme
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Newsletter 320 - 10/12/2021
looks set to win the run-off vote for the leadership of Movement for Change (KINAL) this Sunday... by Interview for politic.gr appears to confirm Androulakis as the favourite to win Sunday’s run-off by 16..., in November 2017, which led to Fofi Gennimata and Androulakis going into a run-off vote. Given
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Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022
EconomyBankingvalue. NBG signed off last year with the completion of Frontier of a 6 billion euros book value, which... shift more than 5 billion euros off their balance sheets in the coming months, with the Hercules II... of the securitisations with the aim of helping banks shedding up to 30 billion euros off their books.
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Newsletter 328 - 18/02/2022
was looking at the possibility of making a one-off benefit payment to vulnerable groups before Easter... recently grabbed the headlines after the murder of a football fan.EconomySpiralling prices set off wide... overperformance that will allow them to allocate roughly 300 million euros to the one-off benefit, like
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
EconomyBankingand the NPE clean-up in the form of loan securitisations and sales. Excluding one-off items, the pre...) in 2021 was 1.59 billion euros, nearly doubling from the 809 million euros of 2020. Excluding one-off.... Impairment charges came to 4.3 billion euros, compared with 1.32 billion euros in 2020. One-off items
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Where is Odysseus? Part 1 - Demographics
Agora. It is worth asking what happened to Odysseus and his people who set off on their journey in relatively... demographic projections, the Greek population is now expected to be slightly larger, and level off... data are interesting. In the 2011 vintage, the population did not start to ease off until the 2020s
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Speculation about snap polls after summer revived by PM's US trip
PoliticsGreek Politicsan argument that Mitsotakis is better off holding elections before the 2023 budget has to be tabled... significantly improved his ratings and shown that his government’s foreign policy is paying off. Although his... would be better off waiting until next year, when Greece is expected to regain the investment grade
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Newsletter 343 - 24/06/2022
waits until the end of his four-year term to hold elections, he will not be able to hold off the wear... expectations, and not fully signing off the latest round of debt relief measures adopted... to kick off from next year onwards. The IMF also welcomes improvements that took place during
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