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Greek 2013 primary surplus confirmed at 1.5 bln euros
Economydebt, 1 billion to reduce state arrears and 500 million would be given as a “social dividend... the reduction of social security contributions by 3.9 percentage points (2.9 for employers and 1 for employees), which will be effective from July 1. The MoF insisted on Wednesday that it could still meet
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Greece's updated proposals to lenders and how they compare to previous efforts
EconomyProgrammein the previous proposal. The pension interventions include: 1) Early retirement restrictions totalling... the cut by 3.9 pp that was implemented by the previous government as of July 1, 2014. At that time... with estimated revenues at 135 million in 2015 and 270 million in 2016. This corresponds to a 1 percent
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Greece, the troika and banks' capital needs: A step-by-step guide
EconomyProgrammeMonetary Fund estimates Greek banks’ capital needs at 20 billion compared to 5-6 billion earlier suggested... on capital needs? On February 20, the BoG unexpectedly informed the management of the top four Greek... that the IMF has estimated capital needs at 20 billion euros, almost four times larger than
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Greece sizes up task of restructuring corporate debt
Economytheir debt. On the flipside, non-healthy corporates account for 20 percent of total corporate loans. This corresponds to around 20 billion euros of the total outstanding loan figure of 101 billion. This 20
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SYRIZA builds clear but not conclusive lead in polls as PASOK and GD fade
PoliticsGreek Politicsis now on 27.5 percent against 20 percent for Prime Minister Antonis Samaras’s party. Macedonia University poll for @kathimerini_gr: SYRIZA 27.5, ND 20, Potami 7.5, G Dawn 6.5, KKE 5.5, PASOK 4, Ind... voters and 20 percent of PASOK supporters are now in the SYRIZA camp. The leftists’ ability to draw
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Greece: The gathering storm
Agora20, when he wondered aloud how Varoufakis would explain the agreement in Athens, the German... Commissioner Pierre Moscovici and IMF managing director Christine Lagarde negotiated on February 20... to find a compromise with the Greek government before February 20 suggests that these reservations still
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Greece: The moment of truth is inexorably approaching
Agoraand eurozone national central banks (20 July). A less likely option is calling new elections. This would... apart from buying Greece some time. Grexit at 20 percent Despite this difficult outlook, a euro exit is still unlikely (20 percent probability). SYRIZA has no mandate to take the country out
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Agreement creates array of political challenges for Tsipras, who must move fast
PoliticsGreek Politicson July 20. The prime minister’s inability to secure a deal for short-term funding will also be seen... to secure funding, especially from the ECB, when it signed the February 20 Eurogroup agreement. Creditors are also demanding that by July 20, the government come up with a plan to reform the public
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Newsletter 38 - 07/08/2015
for talks For deal by Aug 20, Parliament must vote on Thursday Developments over the weekend may decide... a 3.2-billion-euro bond held by the European Central Bank on August 20 or whether another bridge loan... money to Greece before the ECB bond matures on August 20. Greece will also be expected to adopt
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SYRIZA buffeting continues as parties get set for official start of election race
PoliticsGreek Politicsthe way for elections to be held, most probably on September 20. Popular Unity leader Panayiotis... will then probably be sworn in on Friday and elections will be announced for September 20 or 27. September 20 seems the most likely date as things stand. According to reports, Greece’s representative
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