Search
-
The race to reduce Greece's bad loans
EconomyBankingand unsecured overdrafts which have not been serviced for around 5 years, coming to a total of 1 billion..., totalling roughly 1 billion euros, which are collateralised. With strong interest in all bad loan sales so
7% -
Income and living conditions survey shows persisting inequality
Societythe age of 14. The total population’s risk-of-poverty rate was 20.2 percent in 2017, down by 1 percentage..., falling by 1.8 pps YoY. The rate fell by 1 point for the total population and those aged 18-64
7% -
EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammein the latest baseline scenario is seen levelling off at 1 percent in the long-term, which translates... not allow for optimism regarding real long-term growth in excess of 1 percent. Privatisation proceeds
7% -
Moscovici hints at possibility of shelving 2019 pension cuts, riles opposition
EconomyProgrammeto implement the cuts, which aim to reduce pension spending by 1 percent of GDP, might be realised. Moscovici... and reducing the tax-free threshold in 2020 so that another 1 percent of GDP (roughly 1.8 billion euros
7% -
If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomylow at 20.1 percent in 2017 versus the 34.9 percent EU average. The report concludes that every 1... 1 ppt increase of card use as a share of private consumption increased VAT revenues by 1.4 ppt
7% -
IMF voices concerns over long-term debt, sees more relief being needed
EconomyProgramme-term growth cannot exceed 1 percent, and even those assumptions can only be achieved if Greece..., which brings real growth that exceeds 1 percent. In the IMF’s baseline scenerio, although debt-to-GDP
7% -
Building permits up by 4.4 pct in May and 5.3 pct in first five months
EconomyMacroeconomyBuilding permits rose by 4.4 percent in May following a rise of 1 percent in April, Hellenic Statistical Authority (ELSTAT) data released on Friday showed. The latest monthly headline figure marks... drop of 1 percent, improving against the drop of 2.4 percent in 2016. The latest confidence indicator
7% -
Central government debt rises to 345.38 billion in Q2
EconomyMacroeconomy(up to 1 year) and medium-term (1 to 5 years) debt accounted for 13.2 and 10.8 percent of the total
7% -
Focus turns to first post-MoU visit by creditors and talks on pension cuts
EconomyProgrammethat cutting pension expenditure by 1 percent of GDP is not necessary in fiscal or structural terms... by October 1 before the economic plan is handed over to the European Commission on October 15 as part
7% -
Athens eyes cancellation of pension cuts as Tsipras prepares Thessaloniki package
EconomyProgrammeThe Greek government has given its clearest indication yet that it does not intend to implement the 1 percent of GDP in pension cuts due next year. Ahead of the first meeting of Alexis Tsipras’s new... on September 10. The main proposals for tax cuts are: 1. A reduction in the basic tax rate from 22 percent
7%