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Pension overhaul poses political challenge despite avoiding immediate cuts
PoliticsGreek PoliticsThe government presented its pension reform proposals to the opposition parties on Monday but got short shrift from them despite the fact that the plan does not contain any immediate direct cuts... for it within the party Despite striking a formula that avoids direct cuts to current pensions
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Newsletter 61 - 05/02/2016
estimated that the direct costs of the impact of the refugee crisis on the country’s fiscal position... prospects. Apart from the direct economic charges and fiscal impact, there are also political costs
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Newsletter 68 - 01/04/2016
this week. It is understood that this would be covered by interventions in the pension system, direct... payments. The picture is clearer on direct taxes where the finance ministry and the mission chiefs have
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Greece expects review to be completed by May 1 despite IMF objections
EconomyProgrammeover the next 30 months. On the direct tax front, the ministry notes that for salary earners... of salary earners and pensioners the direct tax reform would result in a modest tax rise or even
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Current account deficit narrows by 45 pct to 804.3 mln in Feb
EconomyMacroeconomyyear. Financial account The financial account under direct investment did not display any remarkable transaction in February. For the 2-month period, residents’ net assets from direct investment abroad
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Current account deficit more than halves to 708 mln in March
EconomyMacroeconomyaccount under direct investment show residents’ net external assets increased by 336 million euros... of Eurobank Bulgaria by Eurobank. Within Q1, resident’s net assets from direct investment abroad
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Complex privatisation fund faces tall order to reduce Greek debt
Economyvalue of the state’s direct or indirect stakes in listed companies stands at around 3.8 billion... and more than 700 million to state’s direct participation in state-controlled companies that could
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Greek banks on cusp of improved liquidity conditions
Agoraa number of important developments for Greek banks. These developments would have positive direct... is initiated. In any case, the direct financial impact from Greece’s QE eligibility would not be significant
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Turnover in tourism sector drops at an accelerating pace of 11.7 pct in Q1
EconomyMacroeconomydirect and indirect contribution of travel and tourism to Greek GDP stood at 18.5 percent in 2015... arrivals by 1.5 million from 23.5 million in 2015 to 25 million in 2016, while direct tourism
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Newsletter 77 - 10/06/2016
to create 10,000 direct jobs, while at its full development Finalised this week, the deal for the development of Athens old airport is estimated to create 10,000 direct jobs. it is expected to employ
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