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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesin total (around 8 percent of all pensioners). However, in 2017 new measures were also pre-legislated... a million pensioners out of a total 2.5 million. These latest cuts will be felt immediately by a large... this trend in spectacular fashion. Total expenditure on pensions, which is almost entirely
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Newsletter 335 - 15/04/2022
ID, taking the total unpaid dues during the first two months of 2022 to 2.5 billion euros. Some..., which started with a 3-billion-euro 10-year bond in January and is meant to draw a total of 12... sector partnerships, including referrals to private clinics to ease congestion, based on a model
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Newsletter 485 - 21/11/2025
legislation to expand ONEX’s remit, framing the initiative as a “transformation of the Greek economic model... channelled via commercial banks will reach 75% of the total envelope. Reports suggest, however... billion of interest expenses projected for next year. The Greek budget this year will show a total
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What is the state of play with Greek banks?
Economythe total loss for the sector stood at 31.9 billion. At the end of last year, the Bank of Greece (BoG... banks raised a total of 21.7 billion euros of which 3.1 billion or 14 percent stemmed from private... model to determine potential additional capital needs. The whole process is expected to be completed
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Greece changes banks' DTA conversion law to secure ECB/EBA approval
Economy, while the proposed model is in line with that of Portugal, which the European Central Bank has... shares (capital increase) for a total amount resulting from the formula: DTC over capital times... percent of total), and the bank reports pre-tax loss of 1 billion, then the bank will proceed
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Tsipras unveils growth plan but little in way of new ideas
PoliticsGreek Politicsmodel Greece had before the crisis began in 2008, when the country enjoyed one of the highest growth... on the often-repeated method of grants. The total cost of subsidies and grants via the development law... in the following seven years, reaching a total of 1.45 billion by 2031. He also said that a total of 6.75 billion
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Parties take another look at granting vote to Greek expats
Societyof up to 15 seats in Parliament (1/20 of the total), which are not attached to a geographical... a small number of seats (5-10) to represent overseas voters, in line with the Italian model. He also... of the total population claiming Greek ancestry actively exercise their Greek citizenship rights
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Eurobank net results show profit of 176 mln in H1
EconomyBankingnow stands at 15.3 percent in H1 compared to 32.8 percent in H1 2019. Total provisions account... III programme. Greek deposits decreased by around 200 million QoQ to 32.7 billion, with total... billion compared to the end of 2019. Total loans reached 38.1 billion in H1 or 40.6 billion pro-forma
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Covid recession bumped pension spending to 18 pct of GDP in 2020
EconomyTotal age-related expenditure amounted to 26.4 percent of gross domestic product last year... in total factor productivity – a residual in growth accounting that usually attributed... of Greece’s economic model – something that the government is banking on in its Greece 2.0 plan for how
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Newsletter 425 - 31/05/2024
on changing the structural characteristics of the country’s economic model. The latest set of data... captured by the data, as 40 pct of the total savings comes from 1 pct of the Greek households. Annual... YoY by over 150,000 setting total employment at 4.32 million. Although the number of unemployed
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