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Foreclosure bill undergoing final adjustments to satisfy creditors
EconomyProgrammeon Monday about the new framework. It is now up to the Bank of Greece to report back to the European... for protection if their residual mortgage is up to 130,000 euros, the assessed value of their home.... Naftemporiki’s report suggests that this threshold may drop dramatically to be in line
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Central govt debt falls for first time in six quarters, easing by 1.25 bln to 357.69 bln in Q1
EconomyMacroeconomyreflects a QoQ drop in repos of 5.05 billion, FSM loans (-437.4 million) and T-bills (-10.4 million... that T-bills made up 64.7 percent of all government borrowing, followed by fixed bonds (35.2 percent... in Q4. The debt breakdown by residual maturity showed that long-term (over 5 years) debt made up
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgrammeof cuts lined up for next year, including lower corporate tax, VAT, solidarity tax, trade tax... that for individuals, the monthly payment would be reduced to 20 euros from 30, while the interest rate would drop... to allow any firms that owe up to 1 million euros to the state to join the scheme. Regling
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Newsletter 220 -20/09/2019
. The aim is for the fourth review to be wrapped up by November so the Eurogroup can approve... repayment schedule, Greece is due to pay 2.1 billion euros per year up to 2021, dropping to 1.9... by 2.86 billion euros. As of August, ECB funding made up 100 percent of all Eurosystem funding
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Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBankingsecuritisation, NPL formation in the wholesale segment will drop by 1.64 billion euros and by a further... losses stood at 11 million in 9M 2019 up from 6 million in 9M 2018. Balance Sheet The bank fully... funding is made up fully of European Central Bank funding. As of Q3, ECB funding fell by 900 million euros
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Government braces for reaction to pension bill
PoliticsGreek Politicsclaim when they retire. Pensions will be fully guaranteed up to 2070 and spending is expected to drop... to live up to its promise to scrap the previous government’s pension regulations, the so-called... would also have to pay up to 20 percent more than under the Katrougalos law, which linked the level
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Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern
EconomyProgrammeas the Greek request to set up a mechanism that transfers over-performance between years and the lowering of the fiscal targets up to 2022. Decisions on central bank profits are expected in June... issue and the drop in the borrowing costs to a spread of 140 basis points. Greece also holds
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Govt extends 800-euro bonus, heralds loan payment holiday for individuals as well as firms
EconomyOnly two days after announcing economic measures of up to 2 billion euros to support businesses... months. Until now, the let-up in loan payments was only available to businesses that were considered... a drop in their turnover due to the impact of Covid-19 will also be able to stop paying their tax
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Covid-19 effects spread across number of sectors
EconomyFeaturesthat the tourism industry globally finds itself in unchartered waters. He estimated that it would take up... to a sharp drop. The indicator came to 42.5 points from 56.2 points in February. On an annual basis... now seems to be coming to a sharp stop as individuals and businesses struggle to keep up with loan
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Medics highlight weaknesses in frontline care as parties debate emergency measures
PoliticsGreek PoliticsThe government has announced it will step up checks on highways and at ports and airports ahead... staff, with leader Alexis Tsipras calling the appointment of 200 new doctors “a drop in the ocean... media in recent days. Parliament The government’s Covid-19 emergency legislation comes up
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