Search
-
Does the EU Commission suffer from optimism bias? (Part 2)
Agoranotes that our first responses to stimuli are often heuristic and superficial. This is System 1, or “Fast Thinking,” based on instincts and emotion. System 1 has evolved for survival and immediate... “rationality” assumptions called “Prospect Theory.”[3] In chapter 23 of his book, called “The Outside View,” Mr
16% -
Eurogroup clears next bailout tranches for Greece, sets new goals
EconomyProgrammeamounting to 1 billion each are linked to the implementation of milestones agreed between the Greek... of 2.9 billion in 2013, Greece will allocate 1 billion to reduce the country’s debt, 1 billion... involves one-off handouts to 1 million Greeks with low incomes and a temporary boost for members
16% -
Better contribution collection for Greek pension funds but 5.1-bln shortfall looms
Economyof unemployed surging by 1 million to 1.34 million in Q1 2014 from 364 thousand in Q3 2008. b) 3 billion... unpaid pensions, 1 billion from lump-sums and 450 million from unpaid supplementary pensions. POPOPK... actions demanded by the eurozone for the disbursement of the next two bailout sub-tranches of 1 billion
16% -
Greek banks' equity raising could keep official support to a minimum
Economy, and hybrid securities is activated. CoCos, which qualify as Common Equity Tier 1 (CET1) capital “pari passu... and 78 million to Tier 1 securities. Bondholders are offered the option for a share exchange at 100 percent of nominal value for senior notes, at 80 percent for Tier 2 and at 50 percent for Tier 1
16% -
Coalition considers options for addressing pension system sustainability
EconomyProgrammepensioners currently stands at 1:1.7 compared to a target of 1:2.1 for a viable pension system. The key points of the proposed pension reform include: 1) A national pension with a growth clause equal... on the salary or income. 3) Both national and contributory pensions will be state guaranteed. 4) Social
16% -
Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammeof the public sector attrition rule from 1 hiring for 5 departures in 2016 to 1:4 in 2017 and to 1:3...’s key provisions relate to the parametric fiscal measures yielding 1 percent of GDP... as of June 1 with estimated annual revenues of 437 million and a rise in the excise tax on cigarettes
16% -
Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBanking(PPI) improved by 1 percent quarter-on-quarter (QoQ) to 294 million in Q2, mostly due to other income. Net interest income (NII) fell by 1 percent to 431 million euros QoQ, while operating expenses declined by 1 percent also. The results were largely in line with those of industry analysts. Asset
16% -
Public sector staff trends survive MoU exit, change of government
Societythe ratio had been as low as 1:5 (one hire for every five departures), transitioning to 1:3 in the final... stable At the end of the adjustment programme, Greece committed to a replenishment ratio of 1:1... the creation of new permanent posts outside the 1:1 ratio on the basis that they would result
16% -
The quarterly national accounts from the income side
Agorapartner countries.[1] This suggests three things: 1) Keynesian policies work (when the private sector... be sustained forever. 3) Several partner countries had a lower fiscal impulse, accumulated less additional... the basis for real GDP from the production side (Table 1). Since all the goods and services
16% -
Greek loan rates remained well above euro area average in October
EconomyMacroeconomymonths. Over the same period, the yields of the competitive 3- and 6-month T-Bill issues recorded... easing by more than 3 percentage points. Despite the sharp drop, the Greek time deposit rate still... in October was posted in corporate loans with fixed maturity for amounts above 1 million euros where
15%