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Greece and lenders appear close to third bailout deal, with few issues outstanding
EconomyProgrammerate applied on tax obligations above 5,000 euros from 3 to 5 percent. For lower amounts... government bonds held by the ECB that mature on August 20. 2) An initial amount of 10 billion euros... in September. 5) Payment of state arrears to the private sector of around 3 billion euros.
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammethose presented in the eligibility report released on July 10. The difference is largely attributed... sector (8 billion). 4) Payment of EFSM bridge loan (7 billion). 5) Unwinding of repo operations (3.5... (1.8 billion). 5) Greek Loan Facility (GLF) loan (1 billion). 6) New European Stability Mechanism (ESM
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Opinion polls indicate fragmentation, close election race
PoliticsGreek Politicsat around 7 and 6 percent respectively 5) PASOK, which announced over the weekend that it will work... Unity is seen gaining support of 4 to 5 percent in most polls, which is enough to elect MPs but much...-Independent Greeks government and disappointed with the outcome of negotiations 10) Around a fifth
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Newsletter 43 - 18/09/2015
PASOK and Potami to form a three-party government. PASOK and Potami are seen getting around 5 percent... with the top 20 percent of beneficiaries in March 2016; the application of a penalty equivalent to 10... on top of an exhausting 4–5 years. The parties have failed to make it clear what this election
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No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgrammetaxation. 4) Extension of Gross Gaming Revenues of 30 percent on Video Lottery Terminals (VLTs). 5... of beneficiaries in March 2016. 3) The application of a penalty equivalent to 10 percent on early... for employees (IKA). 5) Abolition from October 31 of all nuisance charges financing pensions to be offset
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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammeguaranteed contributory pension limits in nominal terms until 2021. 5) Those retiring after June 30... of beneficiaries in March 2016. 3) The application of a penalty equivalent to 10 percent on early... for employees (IKA). 5) Abolition from October 31 of all nuisance charges financing pensions to be offset
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Newsletter 48 - 23/10/2015
that managed to raise at least 10 percent of their capital needs from private investors. In contrast, Eurobank... the bail-in is triggered. Thus, the market currently expects that 5–7 billion would have be raised... the HFSF, Alpha and National do not have any shareholder controlling more than 5 percent of their share
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Final structure of bank recap taking shape, cautious optimism for outcome
Economythat managed to raise at least 10 percent of their capital needs from private investors. In contrast, Eurobank..., the market currently expects that 5–7 billion would have to be raised from private investors... not have any shareholder controlling more than 5 percent of their share capital, while John Paulson
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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomyto be voted on December 5. Macro assumptions Following the better than expected preliminary GDP figures... previous macro assumptions incorporated in the 2016 draft budget published on October 5. GDP is now... billion euros in 2015 from 317.12 billion in 2014 as the bank recap cost of 10 billion is more than
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Apartment prices fall at an accelerating pace of 6.1 pct in Q3
EconomyMacroeconomypace compared to the downward revised 5 percent drop recorded in Q2, Bank of Greece (BoG) data showed... time, housing non-performing loans (NPLs) almost tripled from 10 percent at the end of 2010 to 28.6... Mechanism (SSM) of the ECB in October pointed to a drop in housing prices by 7.5 percent in 2015, 5
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