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Management of NPLs to test gov't in negotiations with lenders
EconomyFollowing an agreement on foreclosures that was part of the first set of milestones, Greece now has... of 1 billion euros. The government is due to adopt legislation regarding the licensing and regulation... of the first programme review. Among the other topics including in the NPL prior actions, we highlight: 1
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Newsletter 77 - 10/06/2016
cumulatively 10 billion in the next 25 years, while is expected to result in an incremental rise of 1... procedure could set a precedent that would be open to abuse in the future. Given Pavlopoulos’s stance... of the July 5 referendum last year, SYRIZA’s rivals believe that Prime Minister Alexis Tsipras may try
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ESM approves next bailout tranche, providing Athens with some relief
PoliticsGreek Politicsof the outstanding prior actions preventing the release of the money. Athens is set to receive 7.7 billion.... The government will also use 800 million euros from the instalment to reduce state arrears, which rose above 5... that the second payment would "be made after 1 September 2017 subject to Greece making significant
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Mixed picture for government after first day of talks with creditors
EconomyProgrammesources, the issue of calling off next year’s pension cuts was raised. The Greek side reportedly set out... and 2020, as had originally been the plan. When the government agreed to legislate in 2017 1 percent... to yield another 1 percent of GDP, in 2020, it did so on the proviso that it would be able to implement
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No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
EconomyProgrammeat the meeting of eurozone finance minister on November 5. But several reports in the Greek media on Tuesday... it has to reduce pension spending by 1 percent of GDP in 2019 until December 3. The reason given... the draft budget to Greek Parliament on October 1, and then to the European Commission two weeks later
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Newsletter 213 -07/01/2019
percent, the Communist Party (KKE) on 5 percent and Golden Dawn on 4 percent. Ultra-nationalist.... According to the timeline set out in the piece, Mitsotakis envisages being sworn in as prime minister... the government is structured, is set to be tabled the following day. Parliament is due to close on August 10
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Greece heads back to markets with 7-year bond in bid to boost own funds
Economyis to secure the necessary resources to plug the budget gaps being formed by the extensive set... Stability Mechanism up to 4 billion euros in health-related expenditure and just above 1 billion euros... benchmark jumping from under 1 pct to 4 pct, before easing off after the ECB announced that Greece would
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Newsletter 351 - 16/09/2022
reading: “Diligence, continuity, stability”, Mitsotakis set out a total of 21 interventions, one-off... to set the tone for the upcoming elections by suggesting that the key issue for Greek voters will be one... challenge because as things stand Greece must turn the 2 pct of GDP primary deficit into a 1 pct of GDP
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Newsletter 510 - 26/06/2026
four times the EU average of 9.1%; 1 in 5 households without children cannot afford to heat..., Tsipras used his first major television interview since returning to frontline politics to set out...‑election cooperation with SYRIZA and has set strict conditions for anyone wishing to join ELAS
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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomyIn its monetary policy report published on Wednesday, the Bank of Greece (BoG) suggested a set... percent of GDP threshold set by the International Monetary Fund. According to the BoG, sensible debt...) loans. BoG examined five different scenarios which are based on a set of common technical assumptions
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