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Athens and creditors edge closer on tax and pensions but gap remains on NPLs
EconomyProgrammeworking years. 2) Institutions demand a lower pension replacement rate of 0.7 percent for the first 15... percent. The government’s initial proposal pointed to rates of 0.8 and 2 percent respectively
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EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus
EconomyProgrammeunconstitutional the pension cuts implemented in 2012 (estimated cost of 2 percent of GDP) 2) Personal income
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Newsletter 70 - 15/04/2016
. Almost 46 percent of March hirings relate to full-time employment. 2 Club Med goes to Washington.... If the Cortes fails to elect a new prime minister by May 2, then the king will have to use his
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Bailout talks resume with key issues pending and contingency measures emerging
EconomyProgrammea proposal apparently made by the institutions for contingent measures of up to 2 percent of GDP (3.6 billion... percent of the households. In Portugal it's 2 percent. In Ireland it's 5 percent. The euro area average
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Eurogroup decision on contingent measures, debt leave Tsipras with tough task at home
PoliticsGreek Politicswill have to agree a package of contingent measures worth 2 percent of GDP (3.6 billion euros... on the extra 2 percent of GDP in cuts and savings. Following talks on Thursday, the indications were
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Tension rises in Greece but creditors see potential for agreement soon
PoliticsGreek Politicson the mechanism for identifying and implementing and extra 2 percent of GDP in fiscal measures.... For the Greek government, the vital element is that it should not have to detail another 2 percent
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Greece looks for support as expectations for May 9 Eurogroup lowered
PoliticsGreek Politicsagreement by May 9, including on the 2 percent of GDP in contingent measures, is possible. The nature... prevent the institutions from forcing Greece to define and legislate the extra 2 percent of GDP
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Greek stocks climb 3.8 pct during week amid increasing optimism on swift agreement
Economythe contingent measures of 2 percent of GDP, which are expected to be discussed along with debt... losses namely Coca Cola Hellenic – CCH (-2 percent) and Jumbo (-0.2 percent). The trading activity
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Outline of fiscal mechanism for automatic cuts emerges after Eurogroup
EconomyProgramme2 percent of GDP in extra standby measures now, as some of the lenders had initially wanted... 1.5 percent and if the programme is off track by 1.76 to 2.25 percent then 2 percent of new cuts
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Eurozone sets out proposals for staggered debt relief for Greece
EconomyProgrammeof interest charged to Greece at 2 percent, with any interest that would have been payable in excess of the 2 percent being deferred until 2050. The accumulated and capitalised deferred interest would
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