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Newsletter 54 - 04/12/2015
is significantly lower than the OECD average of 11.5 percent. In contrast, revenues from social security
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BoG report highlights need for programme implementation, political consensus
Economy. For the whole year, the BoG expects Greece to remain in recession largely due to lower household
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Pension reform wrangle prompts Greece to consider going own way on contributions rise
EconomyProgrammeon income criteria and that lower replacement rates ranging from 55 percent for high salaries and up to 65
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Wages index improves by 2.7 pct in Q3 for highest rise in almost 6 years
EconomyMacroeconomy, reduction in salaries due to the imposition of new collective labour agreements, lower minimum wages
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Industrial production back on downward trajectory with 1.9 pct drop in Oct
EconomyMacroeconomyin October, while lower drops were recorded by consumer durables (-4 percent), energy (-2.1 percent
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Multi-bill tabled in Parliament, paves way for sale of NPLs
EconomyProgrammethat would acquire the NPL would do so at a price much lower than its nominal value. This means it could
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Greece concludes regional airports deal, more privatisations lie ahead
Economybudget, the Finance Ministry indicated privatisation revenues of 2 billion euros for 2016, lower
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Regling and Wieser: The key points
Agoramore money than the IMF could do, with much better terms: longer maturities and much lower interest
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Court ruling creates new complication for gov't, this time with property tax
EconomyMacroeconomylikely pay the same ENFIA but this would be calculated based on lower prices and higher tax factors
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Primary cash surplus notably widens by 1.9 bln to 4.48 bln by November
EconomyMacroeconomyof 451 million to the ESM last year as well as bank fees of 556 million this year, we get a lower
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