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Greece lays out plans for debt relief from eurozone
EconomyProgrammewas reduced to Euribor plus 50 bps and currently stands at 0.84 percent. The cost of EFSF loans... 50 bps to 1 percent constant for the next 50 years could result in total savings of 25 billion... to approve the next tranche for Greece (the last disbursement of 1.71 billion was made on August 2, 2013
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Greek debt: A case of learned helplessness?
Agorain the PSI had a 30-year maturity period, no principal repayment before the 11th year and a coupon of just 2... Euribor plus 300 basis points and then added another 50 basis points as a handling fee. This just... an additional path of escape via the SMP program, which exceeded 50 billion euros of the country’s debt
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Newsletter 34 - 10/07/2015
to taking out 50 euros due to the shortage of 20 euro banknotes. Pensioners were most hit by the strict... sources, local media indicate credit card usage has surged by 50 percent in the last two weeks, mostly... of that month. The 0.6 percent month-on-month increase reflects the May sales. 2 Between heaven and hell
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The targets and deadlines in Greece's privatisation programme
EconomyProgrammebe approved by the EC in November and the delivery of airports would be completed by March 2016. 2... to a CoS ruling, the state should retain at least 50 percent, so only a minority stake can be sold... institutions. The monetisation of the new fund’s assets would generate revenues of 50 billion euros
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Gov't unveils bill to overhaul pension system, increase income tax revenues
EconomyProgrammereplacement rates. Replacement rates start from 0.77 percent for the first 15 years up to 2 percent... that takes into account GDP growth (50 percent weight) and the change in the consumer price index (50...-ETAA self-employed (doctors, engineers, lawyers). This discount ranges from 50 percent for incomes
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Newsletter 272 -06/11/2020
people could end up in hospital over the next 10 days, while the 50 new ICU beds that were recently... percent of the money will be provided as a grant, and 50 percent as an interest-free loan. Employees... which the industry heavily relies on. 2 Unemployment at 16.8 pct in August Inactives rise by 2.9
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgramme. These are estimated at 50 billion from October 2015 until the end of 2018 requiring new European money of at least... targets for the next years: at 1 percent of GDP for 2015 (from 3 percent), 2 percent in 2016 (from 4.5 percent) and at 3 percent for 2016 and beyond (from 4.5 percent). 2) Lower privatization proceeds
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Greece commits to ambitious privatisation targets as part of new bailout
EconomyProgrammeestimated revenues would reach 0.5 billion in the 12-month period ending in September 2016 and 2 billion... activities) without any material changes in the current terms of the tenders. 2) Take irreversible..., the monetisation of the new fund’s assets would generate revenues of 50 billion euros of which 25 billion
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The key points in Greece's new bank recap bill
Economyof Greece (BoG) following the submission of an updated restructuring plan. 2) The updated... is allocated among preference shares and other Core Tier 1 (CET1) instruments, Tier 1 instruments, Tier 2... than 50 percent of capital increase, then HFSF will have restricted voting rights. A subsequent
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgramme-tranche of 2 billion euros to Greece after the completion of the first set of milestones as well... of competition and prospects for investment. 2) Design of the New Organisation of Markets in Electricity (NOME... Power Corporation (PPC) by 25 percent and to bring them below 50 percent by 2020. In addition
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