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Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammeof the thorniest issues strongly opposed by a large number of SYRIZA and New Democracy MPs. 4..., in the middle of the EC's recent estimate of 2 - 4 percent. In addition, despite the VAT reshuffling... with a 3-month maturity. 3) Payments to the IMF of 1.57 billion euros due in September. 4
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European Commission evaluates impact of bailout programme
EconomyProgrammeage of 67 years. 2) Increasing health contributions for pensions to 6 percent (from 4 percent... pension funds into the Unified Auxiliary Insurance Fund (ETEA). 4) Freezing of minimum pensions... and means-tested pension components. 4) Consolidate and harmonize the different SSFs. 5) Phase out
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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammein health contributions for pensioners from 4 to 6 percent for main pension and from zero to 6.... Note though that the zero-deficit clause has not been implemented yet. 4) Freezing monthly... retirements, on top of the current annual penalty of 6 percent. 4) The harmonisation of contribution
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomya total of almost 4 billion in the 2-year period making up 62.4 percent of the anticipated fiscal impact... in the expenditure ceiling for military spending (500 million) 3) Pension reforms (484 million) 4... million) 3) Rise in the corporate tax rate (361 million) 4) Extension of Gross Gaming Revenues (GGR
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Greece stands on fault line between vicious and virtuous cycles for 2016
Agora, since Tsipras signed the agreement he has paid over 4 billion euros to the IMF and nobody seems to have.... Privately held debt maturities come to just 1.7 billion euros, obligations to the IMF are under 4... needs approximately 4 billion euros to meet all debt obligations, which factoring in the primary
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Where things stand on the Greek pension reform proposals
EconomyProgrammeThe submission of the government’s pension reform plan to the institutions on January 4 marked.... 4) The new main pension would comprise of two parts, the national and the contributory pension... GSEE and ADEDY have rejected the proposed measures and have called a general strike on February 4
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Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
EconomyMacroeconomymillion. According to market sources, the price on car fuel is expected to rise by around 4 percent... 2018. It will range from 0.50 euros per day for hotels with 1-2 stars up to 4 euros for hotels... sector attrition rule from the current 1 hiring for 5 departures to 1:4 in 2017 and further to 1:3
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First review completed but more prior actions lie ahead for Greece
EconomyProgrammeDevelopment Fund (HRADF) and the preferred investor Lamda Development was signed last week. 4... the invitation of the tender for the sale of 20 percent of ADMIE to a strategic investor in July. 4) PPC AGM... a direct stake of 6 percent in OTE and the voting rights of an additional 4 percent share held
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingby 4 basis points (bps) to 2.19 percent also reflecting deleveraging. The management expects further... profound as it retreated by 4 percent in H1. For the whole year, the bank projects operating expenses... value) were reduced from 13 billion at the end of 2015 to 9.4 billion in Q1 and to 4 billion in Q2
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Newsletter 94 - 04/11/2016
sales by 11.2 percent coupled with smaller declines in food, beverages and tobacco (-4 percent... percent), while smaller decreases were recorded in food, beverages and tobacco (-4 percent... rate, the weighted average rate on all new deposits edged down by 4 bps to 0.38 percent
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