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Greece agrees with troika, looks to tranche release and redistribution of surplus
PoliticsGreek Politicslarger than Samara’s recent estimate that it would be “in excess of 1.5 billion”. The same source also... and emergency services who earn a monthly salary of less than 1,500 euros. Furthermore, 380 million euros..., is much lower than the target he initially announced. The agreement with the troika was confirmed
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Buoyed by troika deal, Greece aims for rapid return to bond markets
Economyof this year’s funding gap but at a much higher cost than Greece currently borrows from the euro zone. This underlines that the government’s primary target is more of a political nature rather than... of a higher than forecast primary surplus for 2013, the potential positive comments at the upcoming
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Is the Greek coalition about to cry over fresh milk?
PoliticsGreek Politicschange in legislation comes as a result of Athens reportedly agreeing to adopt more than 75 percent... of the 300 seats in Greek Parliament so this is threatening to grow into a general storm rather than... of six Golden Dawn MPs means that a maximum of 148, rather than 151 votes, would be needed to pass
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Omnibus bill passes but leaves marks on coalition and SYRIZA
PoliticsGreek Politicsto the short time the government granted MPs to debate legislation that stretched to more than 250 pages... increases to take place at prices lower than those paid by the country’s recapitalisation fund... and served as a reminder that with less than two months to go to the elections, SYRIZA has yet
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Cost of petty corruption in Greece has halved during crisis
Societyreported in 2013 than in 2012 and that the average amount paid in bribes fell to 1,333 euros, which is 7.6 percent lower than a year earlier. Almost one in three Greeks asked to give bribes refused to do so... corruption is related to more than just a fall in disposable income. It suggests that events over
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In Spain, the best generation is in danger of becoming the lost generation
Agorathan half of the Spanish youngsters that are looking for a job are currently unemployed. This brings.... Having applied unsuccessfully for four jobs (two of them were internships) in which more than 300 people... no more than 300 euros per month or even for free, with no hope of being hired in the short
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Five things to take away from the first round of Greek local elections
PoliticsGreek Politicsand was elected from the first Sunday. The leftist party had a much larger presence in the regions than ever... dominant combination outside of Attica than the opposition party. SYRIZA will need backing of somewhere near 30 percent (and possibly more than the aggregate support the coalition parties receive
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What kind of poll win does SYRIZA need to eye snap elections?
PoliticsGreek Politicscomments from the SYRIZA camp had suggested that the party would need to gain more than the combined... because Elia is not expected to gain more than 6 or 7 percent. However, there will be at least three other... vote rather than the first. In the last local elections of 2010, voter participation stood at almost
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IMF report sees a number of risks lying ahead for Greece
EconomyProgramme, delayed structural reforms that slow competitiveness gains and higher than expected deflation... (ETEAN). Since fewer guarantees have been called than expected, the Greek government may cancel about... fiscal outlook are broadly balanced. The upside risks mainly involve higher than estimated tax
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Building activity plunges by 35.6 pct in April, down by 75 pct since 2008
EconomyMacroeconomyin Attica building activity doubled to 38.6 percent in May. This is more than 10 percentage points higher than the country average. The Attica prefecture (Athens, Piraeus and suburbs) is making up 21 percent... in 2008. This means there has been a cumulative drop of 75 percent that is more than three times
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