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Amid talk of post-election alliances, parties propose changes to bailout measures
PoliticsGreek Politics, PASOK leader Fofi Gennimata set out the five following demands: 1) No freeing up of mass... is that PASOK, which seems likely to be part of the next government no matter who wins, has set out five key... and replacing it with cuts to defence spending and wage costs in the public sector 5) Not allowing
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Newsletter 45 - 02/10/2015
indicate that it may be split in two subtranches of 2 and 1 billion, respectively, meaning that two separate set of prior actions would have to be implemented in the next couple of months. Prior actions... New Democracy was at such a low ebb after the 5 July referendum, offers stability. Apart from meaning
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Gov't offers improved terms to farmers in bid to break deadlock
Economy, Tsipras presented to farmers a set of social insurance and tax measures that aim to ease some of the burden placed on them by the original plan set out by the government. Among the new measures presented were: 1) The farmers’ pension fund (OGA) will remain independent for a 5-year transition period
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Hopes of swift deal on contingent measures doused by technical, political complications
PoliticsGreek Politicsbeen reported that the government believes allowing the council to impose a 5 percent cut in ministry’s budgets would be enough to meet the target set for the stand-by measures. There have also been... Athens to set out exactly what interventions it plans to make (as well as developing an automatic system
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Newsletter 82 - 15/07/2016
the current monthly limit for dismissals from 5 to 10 percent. Speaking in Parliament on Monday, the Bank... for parties to enter Parliament, currently set at 3 percent of the vote, and granting Greeks living abroad... seems set to carry into next week as well. They were at loggerheads this week because the trial
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesIf it manages to conclude the second review, Athens has its heart set on the inclusion of Greek... and issuer limits of 33 percent each and the 1 to 30-year range of residual maturity applied to the universe of eligible assets. The maturity range was initially set between 2 to 30 years
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Eurogroup doesn't end in tie for Tsipras
Agoraincludes 1.6 billion euros that will be set aside for clearance of arrears. The total arrears currently stand at almost 5 billion euros and this extra funding will inject some vital liquidity into the Greek... have initially wanted but it also requires Greece to set aside around 100 percent of its GDP
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Newsletter 133
organisation’s demand for a new set of asset quality reviews (AQRs) to be conducted. The IMF has... finance minister could also play an important role in this process. Wolfgang Schaeuble is set to leave... the year that pensions have to be cut by 1 percent of GDP. The prospect of both of these measures being
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBankingtranslates into 10 million euros annually. Banking sources suggested that this inaugural transaction set... range internationally between 3 and 5 percent of principal. Greek systemic lenders have committed... another 1 and 2.5 billion are due to be assigned within October and mid-2018 respectively. Piraeus
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A year of risk and reward for Greece
Agoraout of the way means there is just one more inspection ahead. Although it is set to involve more... of this helps address the key issues. For instance, the IMF sees the Greek economy growing by no more than 1... of a trial in civil courts is estimated at 5–7 years, while in administrative courts it stands
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