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Newsletter 200 -29/03/2019
incorporated into the 2019 figures so as to cover one-off payments under the law 4575/2018. The one-off payments made in 2019 came to 324 million euros and were incorporated under “Compensation... contraction in the Greek market came to 0.6 percent in February, improving from a contraction of 1.1
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Mitsotakis sworn in as prime minister as attention turns to Cabinet picks
PoliticsGreek Politicspresident Adonis Georgiadis, a polarising figure in Greek politics, is expected to take over a beefed... than 200 million euros in the first quarter. Hatzidakis could be tempted to dust off his old plan to spin off a “small PPC” unit, which SYRIZA shelved when they came to power in 2015. In a nod
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingthey will be required to write off Deferred tax credits (DTCs) corresponding to the accumulated provisions of deferred loans. Legislation will be introduced so that the amount of DTCs written off will be recognised by the Greek state as an irrevocable obligation to the SPV with a predetermined payment schedule
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PM to oversee tweaks to tax bill as constitutional revision enters final round
PoliticsGreek Politicsis the proposed decoupling of the election of the Greek President from the need to hold snap national elections if Parliament is unable to decided on a candidate. This provision, which Greek politicians... uprising against the junta in 1973 passed off without any major incident amidst a heavy police
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Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
Economyvisibility and more data available, Fitch sees the Greek economy contracting by 7.9 pct in 2020..., 16 pct of Greek GDP, and support new issues at reasonable rates. The debt stock is seen dropping... fend off pressures on asset quality in the near-term. Liquidity pressures were also lifted
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Newsletter 292 - 09/04/2021
to exhaust his four-year term. Whether this kills off speculation about snap polls later this year remains... Economic Outlook and the Fiscal Monitor publications. The Fund sees the Greek economy recovering by 3.8 pct... contraction last year. Greece is seen coming off deflation this year, with modest price increase of 0.2
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Govt talks up benefits of pension reform as Delta variant concern grows
PoliticsGreek Politicsby the government will lead to pensioners being better off financially in the future. As opposed... better off, without burdening current workers and retirees. Delta variant The government was hoping... was initially put on Britain’s “green list”. However, the Greek government has openly courted the UK
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Gennimata's death casts shadow over politics, KINAL leadership race
PoliticsGreek PoliticsGreek politics was overshadowed on Monday by the news that Movement for Change (KINAL) leader Fofi... – to fend off the constant speculation about whether KINAL would ally with either of the two main parties, particularly SYRIZA. Also, in the no-holds barred Greek political arena, Gennimata developed
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Newsletter 315 - 05/11/2021
will not suffice and will need to be topped up as the prices are not seen easing off before spring next year... objections with Greek officials over the prospect of a social dividend at the end of the year. The local... as the consultation period for the new SGP rules was kicked off by the European Commission. The authorities
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Tsipras makes pre-emptive peace offering to next KINAL leader ahead of final vote
PoliticsGreek PoliticsAhead of Sunday’s run-off vote in the KINAL leadership election, SYRIZA’s president Alexis Tsipras... on the task of “renewal” within KINAL. If he wins on Sunday, he will have beaten off challenges from... tarnished reputation with the aim of offering many Greek voters a credible alternative to SYRIZA, as well
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