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Subdued passenger car sales lead to overall drop of 1.6 pct in Nov
EconomyMacroeconomyof 0.9 percent. Lorry sales were up by 10 percent in November, and buses rose sharply by 48.1... up by 3.9 percent, lorries increased by 11.1 percent and buses rose by 10.4 percent.
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Average wealth in Greece down by 17.1 pct since last year
Societythe changing fortunes of the middle class, which is defined as adults in the US with wealth between 50,000... purchasing power. In Greece, the middle class had wealth of 678 billion dollars in 2015, down by 28.6 percent or 272 billion compared to the 2008 figure. In addition, the middle class in Greece had
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S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
EconomyBankingfor Piraeus Bank’s Class A residential mortgage-backed securitisation portfolio, Estia I, was raised from ‘BB+’ to ‘BBB-’, while the rating for Class B and Class C remained stable at ‘B’ and ‘CCC
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Newsletter 170 -13/07/2018
Class A residential mortgage-backed securitisation portfolio, Estia I, was raised from ‘BB+’ to ‘BBB-’, while the rating for Class B and Class C remained stable at ‘B’ and ‘CCC’, respectively. The rating
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BoG provides details of ambitious plans to slash NPLs via SPV
EconomyBanking(senior, mezzanine, subordinated junior/equity). The lower class of notes will be subscribed... will absorb part of the upper class of securities (senior) and a large portion of the intermediate part... will manage the scheme with asset class separation for each transaction (business, mortgage, consumer loans
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ND moves on to next bill after first round of tax cuts approved
PoliticsGreek Politicsbigger for those on lower incomes and the middle class.” He said that those owning properties worth... for such interventions in the future. The minister repeated the term “middle class” a number of times.... Having made much of the burden placed on the middle class by the previous SYRIZA government
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Tsipras looks for fresh start as Mitsotakis holds election cards
PoliticsGreek PoliticsMeRA25 are the obvious choices. There were also frequent references to the middle class in Tsipras... class. In fact, Tsipras accused the current administration of consisting of politicians that have little connection with the middle class and of shaping policy to suit wealthy Greeks, or the "elite
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Opposition cries foul on government's tax priorities
PoliticsGreek Politicspromises to the middle class with tackling steep increases in the cost of living, its policy choices... on the middle class. According to the prime minister’s statement, the 13 pct average cut..., “a clear choice in favour of the middle class and the more vulnerable”. Opposition parties, however
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PM puts tax cuts front and centre in bid to win back voters
PoliticsGreek Politicsto the tax scale to boost middle-class incomes as part of its longer term plans. Sunday’s Kathimerini reported that the aim is to lower the burden on the middle class by dropping the tax rate for incomes... class, which has been New Democracy’s main target group since Mitsotakis became leader of the party.
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Newsletter 449 - 31/01/2025
initiatives and its tried and tested approach of leaning towards the middle class with pledges of lowering... to boost the middle class is a change to the tax scale, with emphasis on those earning above 20,000 euros per year. It is felt that the middle class not only suffered the most from the MoU policies
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