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Sudden jump in unpaid taxes last month takes total to almost 70 bln
EconomyMacroeconomythat the first-half target of legacy debt collections of 1 billion set by the Ministry of Finance (MoF... year, the target has been set at 25 percent, with the year to date rate at just over half the target... a weak performance in July, yet they remain well below the annual targets. Those targets were set
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ECB stress tests and what they will mean for Greek banks
Economyprovisions. A capital benchmark of Common Equity Tier 1 (CET1) of 8 percent was set for this pillar... was set at CET1 of 8 percent for the baseline and 5.5 percent for the adverse scenario. The aggregate... on banks’ static balance sheet at the end of 2013. However, the ECB is due to release another set of data
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Tsipras is at his strongest, but for how long?
Agoraon the topsy-turvy events of this year. However, let us set aside the speculation for a second and focus... predicted anywhere near a 7.4 percentage point win, which raises a new set of questions about... in voting because the policies set out in the third bailout means it will make no difference who
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammeto generate annual revenues of 1 percent of GDP. The basic VAT rate was set at 23 percent, a super-reduced rate was set at 6 percent for pharmaceuticals, books and theatre and a reduced rate of 13..., with a targeted set of actions including reduction in headcount and procurement. 9) Tax
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Coalition in rush to wrap up pending bailout issues
EconomyProgrammeto receive the 10 billion euros set aside for bank recapitalisation. Although not defined yet, the next set of prior actions – beyond those included in the multi-bill due to be voted on Thursday... of the current social security contribution scheme. The second omnibus bill for the first set of 49
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Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
Agoraannounced the offer price for both transactions, which was set by its BoD at 0.04 euros per share... billion euros. This was set as the bank’s total capital needs excluding the 83 million euros... also announced the offer price for both transactions set by its BoD at 0.01 euros per share. The offer
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Stock market slips 1.4 pct dragged by huge bank losses
Economyof the first set of milestones and the European Stability Mechanism (ESM) disbursed the sub-tranche of 2... on the second set of prior actions Greece has to implement by mid December to unlock the next sub... to 300 million euros from November 30 until December 2 with the offer price set at 0.02 euros
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Mitsotakis takes first step in remoulding New Democracy
PoliticsGreek Politics-elected leader. Mitsotakis sought to set a new tone at the congress, which largely lacked... campaign expenses. The congress also provided Mitsotakis with an opportunity to set out his vision for a policy programme. He set out a 25-point plan of reforms and policies that will undoubtedly appeal
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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomyIn its monetary policy report published on Wednesday, the Bank of Greece (BoG) suggested a set... percent of GDP threshold set by the International Monetary Fund. According to the BoG, sensible debt...) loans. BoG examined five different scenarios which are based on a set of common technical assumptions
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Trash dispute troubles SYRIZA ahead of political lull
PoliticsGreek Politics, though, seems set to keep up its pressure on the government via other means, especially by highlighting... disbursement, Athens will have to show that it has used the 0.8 billion euros set aside from that tranche to clear arrears, which currently stand at around 5 billion euros. It will also have to set aside some
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