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Newsletter 48 - 23/10/2015
throughout the week. Since the European Central Bank’s Single Supervisory Mechanism (SSM) is expected... capital needs of 15–17 billion, of which private investors would have to cover a high, single-digit figure... to cover a high, single-digit figure. On October 15, Piraeus was the first Greek bank to announce a bond
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgrammewith one child and even lower to 8,636 euros for a single or taxpayer with no children. Overall, the new..., the most significant single measure relates to an increase in the basic VAT rate from 23 to 24... of a new tax on coffee and electronic cigarettes. In addition, the base of the single property tax (ENFIA
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The story behind Attica Bank, the non-systemic lender thrust into the spotlight
EconomyBankingof shares. Both pension funds are the only single shareholders that control a stake that exceeds... framework set by the Single Supervisory Mechanism of the ECB. The Extraordinary General Meeting (EGM... not in line with the Single Supervisory Mechanism principles. New nominations for the vacant positions
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Newsletter 88 - 16/09/2016
The single property tax (ENFIA) due in 2016 stands at 3.18 billion, 2.2 percent lower than last year’s... of the liability side on banks’ balance sheets. In the Greek case, the single largest liability are corporate... for medium-term NPL resolution, the single largest obstacle that international investors keep
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Are we taking Greeks' devotion to the euro for granted?
Agoraan unshakeable trust in the single currency and the EU, come hell or high water. Because if we cited... of Greeks had a positive view of the single currency, signalling a steady decline from the 66 percent... the possibility of Grexit in the face) to keeping the country in the single currency. However
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Newsletter 104 - 27/01/2017
No clarity after Eurogroup Tsipras vows not to legislate 'a single euro' in extra measures The much... would not legislate “a single euro” in extra measures. He also claimed legislating contingency..., according to figures provided by the single SSC collection centre (KEAO) on Tuesday. The increase in Q4
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Athens grapples with awkward reduction of tax-free threshold
EconomyProgrammewas reduced to 8,636 euros for a single person, to 8,863 and 9,090 euros for a family with one child.... As a result, the tax credit was cut by up to 200 euros and ranged between 1,900 euros (for a single) up...” it is considering should there be a fiscal outperformance include a reduction in the single property tax
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Greece, creditors seek progress at Eurogroup on key differences holding up review
EconomyProgrammenoted that the key area of divergence is over the reduction of the single property tax (ENFIA... would like to phase the reductions in over several years but the Fund favours a single cut, creating...-free threshold from its current level of 8,636 euros (for a single person) to around 5,900 euros
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Piraeus eyes major NPE deal as banks remain focused on bad loans
EconomyMacroeconomycommitments to the Single Support Mechanism (SSM) guidelines submitted to the ECB. Should the deal go through... percent by the end of 2019” and that the pile would be further reduced to single digits by 2021 with an NPE deconsolidation of approximately 7 billion in a single transaction to the SPV, which
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OECD sees economy shrinking by 8 to 9.8 pct, depending on whether virus returns
EconomyMacroeconomyand lockdowns before the end of 2020, and one without a second wave. Under the single-hit scenario, the EU... that GDP will fall by up to 8 percent in 2020 under a single-hit scenario, with a recovery of 4.5... to 19.4 percent in the single-hit scenario and to 19.6 percent in the double-hit scenario. Under both
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