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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgrammethe elimination of the personal income tax credit for medical expenses (121 million) and scrapping the tax credit of 1.5 percent on tax withheld from salaries and pensions (68 million). Pre-legislated package..., the PIT reform involves a reduction in the tax credit by 650 euros for all individual taxpayers
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Newsletter 138
on the table, which are to put together a fourth programme or to extend some kind of credit line..., including Germany’s. The credit line is also a cause for concern among lenders as it comes with a lighter... as a way of encouraging banks to grant new loans at lower rates, thus minimising the credit risk
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Tsakalotos stands ground on taxes, finalises social dividend plan
PoliticsGreek Politicsto have 12-15 billion euros set aside to back up its position. Credit line Earlier, government... in with the government’s hope of exiting the third MoU without the need for any kind of credit line... or enhanced credit line for Greece from next summer. He said that Athens and the creditors would have
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BoG sees recovery strengthening, proposes post-MoU safety net
Economy, higher investments from improved credit conditions, sentiment and privatisations while exports... the benefits of the waiver until Greece regains investment credit rating. A precautionary credit line
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Newsletter 147 -19/01/2018
of a precautionary credit line, which would come with conditionality, is back on the lenders’ agenda. However, the chances of such an eventuality seem slim. Firstly, for a credit line to be put together... of the programme. There is also reluctance about a credit line outside of Greece. An application from Athens
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Green light for next bailout funds as Commission stands ground on post-MoU scenarios
EconomyProgrammeview that a precautionary credit line would not be needed if Greece builds up a cash buffer... of reverting to a credit line exists. The comments were welcomed by the government in Athens, which insists that the prominent debate about the precautionary credit line within Greece over the last few
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingposition in Greek non-performing credit, a market with circa 100 billion euros of NPEs”, said Alon Avner, a Managing Director and Head of Bain Capital Credit’s European business. NPE Performance Piraeus... in credit card debt and unsecured overdrafts which have not been serviced for around 5 years, coming
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Despite fresh uncertainty, Tsipras insists focus is on four-year term
PoliticsGreek Politicsof a precautionary credit line. Speaking in Parliament on Thursday, Deputy Prime Minister Yiannis... in Athens, whether this is regarding the precautionary credit line or the timing of the next elections. Regarding the credit line, it is highly unlikely that the coalition will alter its course of its own
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Newsletter 180 -26/10/2018
worsened by 857.2 million to 909.6 million from 52.4 million a year ago. Credit contraction slows to 1.3 pct in Sept Outstanding balance decreases to 176.83 billion Credit contraction in the Greek market..., the household loan sector balance declined to 57.40 billion euros. Consumer credit declined by 12.7 million
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Fitch keeps Greek rating stable at 'BB-' but sees growth momentum building
EconomyOn Friday night, Fitch reaffirmed its ‘BB-‘ credit rating for Greece, keeping the outlook stable. Fitch remains ahead of the main ratings agencies with S&P keeping the credit score at ‘B+’ last month... deteriorating current account could individually, or collectively, lead to lower credit rating. This round
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