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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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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 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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Government attempts to offer reassurance against winter energy shortages
PoliticsGreek Politicsthemselves on heightened alert for the prospect of Russia completely shutting off gas supplies. Skrekas... regulator RAE outlines the contingencies in a scenario where supplies of Russian gas are cut off entirely... of heating and cooling within a regulated temperature range, turning off heating and cooling outside office
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Opposition parties step up pressure after back-and-forth over election date
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis may have taken the possibility of snap elections off the table... scepticism was misguided and that even SYRIZA’s own secret polling was substantially off the mark... compared to 2019, this will indicate that the Greek electorate has gone off Mitsotakis
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PM announces more voter-friendly measures ahead of polls
PoliticsGreek Politics, northern Greece, on Tuesday, Mitsotakis confirmed that there will be a one-off handout... with the 72- and 120-instalment schemes to pay off their dues to the state will be allowed to rejoin the programme. Mitsotakis said that this would apply to debtors who were pushed off track
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PM prepares to set out policy agenda, SYRIZA gears up for leadership vote
PoliticsGreek Politicstheir ballots to elect a new leader, although a second, run-off, vote is likely to be needed the following...-off vote, should she be facing one of the other candidates, or even make it into the run-off vote
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A leader from nowhere, but to where?
Agora, against around 43 pct for his rival Efi Achtsioglou, a former labour minister. The run-off ballot..., there was a risk of its various factions turning on each other or deciding that they would be better off... to be part of SYRIZA. Having managed to fight off his rivals to ride the chariot to an implausible victory
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Second round of local elections deliver worrying results for PM, glimmer of hope for opposition
PoliticsGreek Politics-off ballot, which was held because no candidate gained more than 43 pct in the first round..., such a cooperation is a long way off for now, although SYRIZA official Christos Spirtzis suggested on Monday... of the first round are more representative of the mood of the country, rather than the run-off ballots
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