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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomyinterventions for a total of 5.73 billion euros for 2015 and 2016, of which 1.54 billion relate to this year... revenues, which make up two-thirds of total interventions in 2015 and 56 percent in the 2-year period...), rise in the corporate tax rate (150 million). Cost savings of 2.53 billion euros in total
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Greek households most overburdened with housing costs in EU
SocietyWith two in five of its population living in a household where total housing costs represented more than 40 percent of total disposable household income, Greece has by far the highest housing cost... percent of the total population), Cyprus (4 percent), France and Finland (both 5.1 percent) registered
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Unemployment rate fell further to 24 pct in Q3 on seasonally increased employment
EconomyMacroeconomy. However, the percentage of long-term unemployed to total jobless increased to 73.7 percent, its highest level over the past four quarters. Part time employment eased to 9.1 percent of total employed..., this year’s figure indicates the third highest reading since 2001. From the total of 1.67 million
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HFSF Q3 report shows 23 bln valuation losses in Greek banks
EconomyBankingof the share valuation losses and the warrant gains resulted in total valuation losses of 8.27 billion.... During the 9-month period of 2015, the fund received a total amount of 208.7 million from the 12... in the domestic banking index since the imposition of capital controls, the market value of HFSF’s total
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Unresolved pensions issues complicate the fiscal front
EconomyProgrammeCenter for Social Security Services (IDIKA) for July showed a total number of 2.66 million pensioners received a total monthly amount of 2.38 billion. Those pensioners received 4.56 million pensions... to surcharges and penalties. KEAO figures also showed that 12.4 billion or around 81 percent of total SSC
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Deposit outflows for second straight month in February, at 548 mln
EconomyMacroeconomyGreece entered a period of political and economic turbulence, total outflows have reached 43.5 billion euros. Total deposits - which also incorporate general government (gg) as well as euro and non-euro... sector, the total deposit flow in February incorporates non-euro area residents and gg inflows of 179
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Ministry's actuarial study shows the devastating impact of the crisis on the pension system
Economythereafter. At the same time, part time employment rose to 9.5 percent of total employed in 2015 from 5.5... of their total wealth. Following a series of pension cuts imposed in 2011 and 2012, the total pension
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Marginal deposit flow in April for second straight month
EconomyMacroeconomyof 940 million. Total deposits - which also incorporate general government (gg) as well as euro... recorded in March. In absolute terms, total deposits fell for the fourth successive month to 136.55 billion, which is the lowest reading since August 2003. The negative flow of total deposits in March
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agoraimprove NII to a total (waiver and haircut) benefit of around 100 million euros per annum. Our analysis shows that under a best-case scenario, assuming that Greek banks participate at their total... a total amount of deferred tax asset (DTA) of 19.48 billion euros, making up 69 percent of TE. Alpha has
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Unemployment up for second straight quarter to 24.9 pct in Q1
EconomyMacroeconomyto total jobless notably fell by 4pp QoQ to 70.3 percent in Q1, its lowest level since Q3 2013. Part-time employment rose again to 9.8 percent of total employed in Q1, with 69.1 percent of part-timers... of the total employed also rose to 7.3 percent. In addition, the number of discouraged Greeks (available
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