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Greece and lenders hold inconclusive talks on tax and pensions
EconomyProgrammeceiling e.g. at 8,000 euros would entail additional tax of 340 euros per annum for all individuals... adjusted to 22,000 euros. This would mean that all those with declared income above that threshold would... Minister Giorgos Katrougalos told reporters that “we opened all the issues but we have not closed
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
AgoraGreek banks concluded the release of fourth-quarter (Q4) results in the first half of March. All... in almost all banks. The fully-loaded Basel III CET1 ratio indicates NBG and Piraeus figures... activity in the second half of the year, all banks guide for a positive bottom line result in 2016
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Range of issues unresolved as programme talks resume in Athens
EconomyProgrammeof the transcript of an IMF teleconference on Greece by Wikileaks on Saturday. All the key issues of the review... for all workers. Taxes In the last round of negotiations, the government has proposed the lowering... for all those with annual income above 9,100 euros. The increase would be more profound for incomes
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Greek stocks slip 1.7 pct during week with subdued volumes
EconomyThe Greek stock market fell 1.7 percent this week, with subdued volumes in almost all sessions... to a Finance Ministry non-paper, all sides are aiming to reach an agreement by the end of the month... (-6.7 percent) and Alpha (-6.3 percent). The trading activity remained subdued in almost all sessions
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Gov't unveils bill to overhaul pension system, increase income tax revenues
EconomyProgrammeintroduces is that all main pension funds will be consolidated into the new Unified Social Security.... In contrast, all existing main pensions will be protected. Personal income tax A new unified personal... Gaming Revenues (GGR) for all gambling companies is set at 35 percent. This rate was previously at 30
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Negotiations between Greece and lenders: state of play ahead of Eurogroup meeting
EconomyProgrammefrom sales until the end of 2017 the primary-residence backed mortgages across all lending segments... that mortgages with higher property value as well as all other types of NPLs, that are currently.... The aim is to give Greek banks all possible tools available to reduce the high level of NPLs
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HFSF presents action plan on large corporate loan restructuring, says NPEs reached 103 bln in 2015
EconomyBankingof a coordination framework and lack of common approach by all involved parties (individuals, state... all segments of Greek economy, the study identified 5 sectors, namely tourism, food/beverages, health/medicines, fish farming and transport, with strong features in terms of production, exports and all
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Newsletter 74 - 20/05/2016
, which will discuss all issues related to the programme review, including the contingency mechanism... to vote against almost all of the omnibus bill’s provisions. This suggests that New Democracy wants... approach was a combination of imposing a moratorium on repossessions (which all governments have
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A Eurogroup deal that might be hard to stomach
Agoranot lose too much face. Here’s what it means for the key players. Greece First of all, the outcome... it published on Monday, the IMF includes an in-depth analysis of all the structural and institutional factors.... It is not the first time over the last six years that a Eurogroup has ended with all parties proclaiming Greece
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammebut all involved parties (investors, government and the Hellenic Republic Asset Development Fund) have requested the extension of the deadline by one month for the completion of all necessary technical.... These details have not been revealed publicly. The government aims to implement all pending prior
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