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Why Greece is asking for 1.2 bln back from the EFSF
Agoraby cash. The total cost of bank recapitalisation and resolution reached 40 billion euros. Of this, 25.... Since being established in July 2010, total cash accumulated by HFSF reached 3.62 billion euros... presubscription fee of 555.6 million paid by Greek banks in 2012, b) A 1 percent annual underwriting
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Income inequality in Greece has grown during crisis, OECD report shows
Societyhas identical incomes and 1 when all the income goes to only one person – income inequality..., the bottom 40 percent owned only 3 percent of total household wealth in the 18 OECD countries with comparable data. By contrast, the top 10 percent controlled half of all total household wealth
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Multi-bill tabled in Parliament, paves way for sale of NPLs
EconomyProgrammedemanded by the institutions for the disbursement of the next sub-tranche of 1 billion euros... from resolved banks have been undertaken by the Bank of Greece (BoG). Until February 15, a total... in position allowances. The total annual cost of these changes is estimated at around 300 million
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Unemployment rate fell further to 24 pct in Q3 on seasonally increased employment
EconomyMacroeconomyof ‘long-term’ (more than 1 year) unemployed remained well below the 900,000-mark for the second quarter.... However, the percentage of long-term unemployed to total jobless increased to 73.7 percent, its highest level over the past four quarters. Part time employment eased to 9.1 percent of total employed
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Deposit outflows for second straight month in February, at 548 mln
EconomyMacroeconomyGreece entered a period of political and economic turbulence, total outflows have reached 43.5 billion euros. Total deposits - which also incorporate general government (gg) as well as euro and non-euro... sector, the total deposit flow in February incorporates non-euro area residents and gg inflows of 179
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Ministry's actuarial study shows the devastating impact of the crisis on the pension system
Economythereafter. At the same time, part time employment rose to 9.5 percent of total employed in 2015 from 5.5... of their total wealth. Following a series of pension cuts imposed in 2011 and 2012, the total pension... is expected to be reduced by 1 billion to 16.73 billion (8.5 percent of GDP) in 2019 from 17.76 billion
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How the pension fund that invested heavily in Attica Bank lost half its reserves
Agorawas established in 1934 and retained a very healthy ratio of pensioners versus insured of 1:7 until... investors. According to TSMEDE, its total investment in Attica reached 810.72 million euros, of which more... million, making up 8.7 percent of total wealth. The remaining TSMEDE wealth was allocated in cash
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Unemployment rate drops again in Q3, reaching 22.6 pct
EconomyMacroeconomyjobless (more than 1 year) rose to 806,300 in Q3 after a marked drop in the previous month. In addition, the percentage of long-term unemployed to total jobless hiked to 73.8 percent in Q3, which... broadly stable quarter on quarter at 9.7 percent of total employed in Q3 with around 69 percent
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Provisions of out-of-court workout bill outlined ahead of submission to Parliament
EconomyProgrammethat a total of 403,000 firms, including sole proprietors, may settle their existing debt... exposures (NPEs) edged down by almost 1 percent to 106 billion euros at the end of September from 106.9... security contributions. The total stock of unpaid taxes climbed to 94.2 billion euros at the end
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No fear of the bear? Bilateral economic relations between Germany and Russia
Agoraby Russian exports to Germany which declined by 22 percent in 2015, reaching a total volume of 29.9...) by the end of 2016. German firms invested nearly 1 billion euros into the Russian economy in the first... thereafter in a foreign currency. The total volume of the transactions under review is significant
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