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  1. Conditions for Greek ECCL reportedly outlined in German document
    Photo by MacroPolis

    EconomyProgramme

    that Greece’s funding needs for 2015 range between 6 and 12 billion euros. This means that the 10.9... been fulfilled. The German document outlines the key conditions for the ECCL: 1) Elimination of any... access is not possible without a safety net. 6) Continued improvement of external balance

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  2. Greek retail turnover index down 1.6 pct in November
    Photo by MacroPolis

    EconomyMacroeconomy

    and tobacco (-6 percent), pharmaceuticals products and cosmetics (-5.2 percent) and automotive fuel (-4.9... and electrical and household equipment plunged 53.5 percent over the past 6 years, followed by retail sales... to -49.3 in January. However, retail trade indicator fell by 5.7 points to -1, its lowest level since

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  3. Greece submits proposals to lenders in hope of paving way for agreement

    EconomyProgramme

    of 6 percent on pharmaceuticals, books and theatre, 13 percent for basic food, energy, hotel... to cover potential fiscal shortfalls: 1) Increase the tax rate on income for rents with additional... in nominal terms until 2021 · increase in the health contributions for pensioners from 4 to 6 percent

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  4. Opinion polls indicate fragmentation, close election race

    PoliticsGreek Politics

    in agreement on several key factors: 1) SYRIZA has a narrow lead of 2 to 3 percentage points over New... at around 7 and 6 percent respectively 5) PASOK, which announced over the weekend that it will work... percent threshold to enter Parliament 6) In contrast, coalition partner Independent Greeks seems

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  5. Lenders also require health and labour market reforms from gov't in next months

    EconomyProgramme

    for pensioners. In specific, health contributions for main pensions have been increased from 4 to 6 percent, while for supplementary pensions a similar rate of 6 percent was introduced for the first time... outlines a series of key deliverables for September and October including: 1) Extension of the 2015 claw

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  6. Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015

    EconomyMacroeconomy

    . On the flipside, travel receipts advanced by 6 percent to 14.19 billion on the back of an increase in non... to a rise of 6 billion in residents’ holdings of foreign bonds and T-Bills, largely reflecting the ESM... liabilities rose by 1 billion largely due to non-residents’ investment in Greek shares, mainly the recent

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  7. Asking Greece to stack more austerity measures ignores past failings
    Photo by Harry van Versendaal

    Agora

    negotiations was that the goal for the primary surplus in 2018 was lowered by 1 point to 3.5 percent... of heavy fiscal lifting in 2012 with 12.4 billion, 6 billion in cuts and 6.4 billion in revenues... and have brought servicing costs down from pre-crisis levels, when Greece was paying over 6 percent of GDP

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  8. BoG cautions on impact of tax rises, updates on rising NPEs
    Photo by MacroPolis

    EconomyMacroeconomy

    for just 6 percent of NPEs. The BoG highlights that the NPE coverage ratio improved by more than 6..., Greek bank’s Common Equity Tier 1 (CET1) ratio reached 16.4 at the end of 2015 from 13.8 percent

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  9. Greek stocks remain flat during week, banks underperform

    Economy

    erased losses posted in the preceding sessions. The FTSE/Large Cap index fell 1 percent this week, while... percent. Banks remained volatile with notable losses of 5–6 percent on Monday and Thursday followed... (+8.6 percent), Terna Energy (+6 percent) and Aegean Airlines (+4.9 percent). The biggest losses

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  10. Greek stocks drop 2.5 pct for second straight week, banks tumble 5.4 pct
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    Development (+1.9 percent). Overall, only 6 stocks of the 25 FTSE/Large Cap constituents recorded gains... percent) and Viohalco (-6 percent). The turnover surpassed the 50-million euro mark on Wednesday... 1 that its Board of Directors elected George Handjinicolaou as non-executive chairman. Louka Katseli

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