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Greece lays out plans for debt relief from eurozone
EconomyProgrammewas reduced to Euribor plus 50 bps and currently stands at 0.84 percent. The cost of EFSF loans... 50 bps to 1 percent constant for the next 50 years could result in total savings of 25 billion
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Greek debt: A case of learned helplessness?
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2014/09/29/parliamentfence_1000_myrto2909-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
AgoraEuribor plus 300 basis points and then added another 50 basis points as a handling fee. This just... an additional path of escape via the SMP program, which exceeded 50 billion euros of the country’s debt... for meaningful debt relief extend to the almost 50 billion euros it was obliged to borrow to keep its
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Greek deposit and loan rates slide in September
EconomyMacroeconomythe 1.20 percent average rate in the eurozone and more than 50 bps higher than the respective rate..., with the year to date drop at almost 50 bps. On the loan front, the most significant movements... than 50 bps higher than the eurozone average rate, while the rate for consumer loans without
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Greek gov't targets unpaid social security contributions: The numbers involved
Economy. For settlement in up to 50 instalments the reduction of penalties and surcharges stands at 70 percent, while for 51 up to 100 instalments the respective cut amounts to 50 percent. The minimum instalment was set at 50 euros. The proposed intervention targets SSC past due until February 1, while those applying
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A closer look at Greece's revised proposals to lenders
EconomyProgrammeon property taxation (revenues of 50 million per annum) Existing proposals These new measures... on cars (72 million in 2015 and 50 million in 2016), targeting uninsured drivers (51 million in 2015... in 2016) 6) Fuel smuggling (75 million in 2015 and 300 in 2016) 7) VAT fraud (50 million in 2015
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economy. According to bank sources, the haircut applied on loans and GGBs currently stands at around 50... haircut since state guarantees make up 50 percent of total ELA-eligible collaterals. Consequently... on the 50 percent of 190 billion). We conclude that from a total ELA liquidity of 115 billion
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Newsletter 34 - 10/07/2015
to taking out 50 euros due to the shortage of 20 euro banknotes. Pensioners were most hit by the strict... sources, local media indicate credit card usage has surged by 50 percent in the last two weeks, mostly... able to withdraw just 60 euros (or 50 as most cash machines no longer have 20-euro notes) means
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The targets and deadlines in Greece's privatisation programme
EconomyProgrammeto a CoS ruling, the state should retain at least 50 percent, so only a minority stake can be sold... institutions. The monetisation of the new fund’s assets would generate revenues of 50 billion euros.... Finance Ministry sources recently indicated that the new fund would create the targeted 50 billion over
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Greek teachers low paid, but work shorter hours in smaller classes
Society’s primary teachers are aged 50 and over while less than 1 percent are under 30. Only Italy had a higher rate of primary teachers over 50 (57 percent). In Greece, 27 percent of primary teachers... teachers aged 50 or older climbed by 3 percentage points on average among countries with comparable
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammeassets and ultimately maximise their value. The new fund would generate targeted revenues of 50 billion euros of which 50 percent (25 billion) would be used for the repayment of bank recapitalisation and the remaining 50 percent would be evenly used for decreasing debt to GDP ratio (25 percent
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