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Central government debt drops to 323.7 bln in Q3 on bond repayments
EconomyMacroeconomyand 16.67 years respectively. The debt breakdown by residual maturity revealed long-term (more than 5 years) debt made up more than 80 percent of total, while short-term (up to 1 year) and medium-term (1... than 1 billion QoQ in Q2, Greece’s cash deposits edged down to 3 billion in Q3 from 3.17 billion
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Tsakalotos states case for debt relief as New Democracy sharpens up
PoliticsGreek Politicswith creditors that will consist of more than just short-term measures. “I don’t think it would be enough, it will be more than I initially estimated, but not enough to unleash the virtuous circle,” he... targets rather than the other way around. “If the fiscal targets are going to be discussed first
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Report shows Greek tax burden increased in 2015, remaining above OECD average
EconomyMacroeconomypercent of GDP higher than the OECD average figure of 34.2 percent. The highest tax to GDP ratio in 2015... security contributions to total taxes of 28.7 percent in Greece are also higher than the average... percent of total taxation much higher than the OECD average ratio of 30.5 percent. However, VAT stood
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The key elements of the draft agreement between Greece and lenders
EconomyProgrammea period of 30 days is set to at least 10 in companies employing more than 20 and less than 100 workers... 30 for enterprises employing more than 300 workers. The same directive notes that over a period
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Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
EconomyMacroeconomyfor amounts over 1 million euros, where the interest rate climbed 97 bps to 4.91 percent and more than... was recorded in the rate for loan amounts less than 250,000 euros, while that for amounts between 250,000..., the corporate loan rates in Greece remain more than 300 bps above the eurozone average lending rates
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What Greece’s draft agreement with lenders foresees on labour and pension reforms
EconomyProgrammemore than 20 and less than 100 workers, at least 10 percent of the workforce for firms employing between 100 and 300 employees and at least 30 for enterprises employing more than 300 workers. The same
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Eurogroup leaves Greece snared between its creditors
Agorarather than implementing them now. The thinking went that this would allow its participation... did not want the current discussion to include anything more than short-term measures. Instead... than if the decisions on debt and fiscal targets had been more favourable for Greece. *You can follow
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Athens sees flexibility on fiscal targets, singles out IMF over role
PoliticsGreek Politicsagreeing new measures to reach the 3.5 percent primary surplus rather than pressuring the eurozone to go... on the issue of labour reforms than the IMF. On Monday, Dijsselbloem suggested that any agreement... than the one it would have wanted, New Democracy wasted no time in accusing Tsipras of being poised
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Job departures at 37,667 in Nov, 11-month net hirings highest since 2001
EconomyMacroeconomy. The breakdown displayed hirings stood at 157,385 in November and were more than offset by 195,052... employment balance still remains positive, with net hirings of 125,128, up by more than 36 percent... to layoffs. The majority (more than 54 percent) of the 11-month hirings involved flexible types of work
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Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
EconomyMacroeconomy. Overall, Eurosystem funding has been cut by more than 58 billion in the last seventeen months, also... than that in mid-August 2015. Following the higher decline in ECB compared to ELA funding... by more than 7.5 billion since their peak of 50.48 billion in July 2015. However, they still stand
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