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The key points from lenders' proposals to Greece
EconomyProgrammeby the Tagesspiegel newspaper in Germany, which we presented earlier today, tovima.gr published the two documents (5... pensioners by December 2016. 5) Provision to people retiring after June 30 the basic guaranteed... policy actions will be taken that would undermine the banks’ solvency. 5) The authorities
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A closer look at Greece's revised proposals to lenders
EconomyProgrammerebates with estimated revenues of 140 million per annum in 2015-16. 5) Administrative dispute settlement... recorded profits above 5 million euros. 3) Increase in the solidarity levy rates for annual income... accounts (200 million in 2015 and 500 million in 2016) 5) E-gaming (160 million in 2015 and 361 million
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Greece's updated proposals to lenders and how they compare to previous efforts
EconomyProgrammein the health care contribution for pensioners for their main pension by 1pp from 4 to 5 percent... for pensioners for their supplementary pension at a rate of 5 percent, similar to that to be imposed... will be effective as of the beginning of next year. 5) Increase in the contribution for employees
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgrammeon recreational vessels whose length exceeds 5 metres, while the previously imposed tax rate of 10... percent (from 2.1 percent) 5) Between 100,000 and 500,000 euros, the rate increases to 6 percent (from...) 75.6 million will arise from the increased tax rates on insurance fees 5) 48.5 billion from
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A breakdown of the funding needs involved in Greece's third bailout
EconomyProgramme. Unwinding of repo operations (3.5 billion) 5. Amortisation of 1.9 billion in Greek government bonds.... The commission anticipates that the new programme should allow the rebuilding of deposits to 5 billion...-up 5 percent. The commission highlights that the proceeds from privatisation and the primary surplus
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammeregarding 2012 pension reform. According to the CoS, cuts of 5 to 15 percent in pensions above 1,000 euros...) Reduction by 50 percent in the subsidy expenditure for heating oil. 5) Increase the rate of the tonnage... statement of July 12. This amount would be disbursed in a segregated account at the ESM 5) Payment of state
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Draft bill sees millions in savings and revenues from variety of bailout interventions
EconomyProgramme, the increase in the age for early retirement is expected to save funds 5 million euros in 2015, 29 million... basis from the abolition of certain taxes and contributions. 5) The abolition of the 2 percent... of unpaid obligations to social security funds from 3 to 5 percent, tax increases in the shipping
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Lafazanis out of blocks early, announces anti-bailout party ahead of bailout vote
PoliticsGreek Politicsvoted “No” in the July 5 referendum. Lafazanis sees this vote as legitimising his move to split from... represent only around 5 percent of voters. It now remains to be seen if other, weightier figures, from... abstained and 1 was absent in the first vote on prior actions, while there were 31 Nos and 5
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Lenders set out 49 milestones for Greece to meet before next bailout tranche
EconomyProgrammeof the government council of public debt 5) The Bank of Greece issuing provisions to implement... of notaries fees 5) Launch impact assessment of selected reforms on competition, investment licences...) and the market operator. 5) Revision of PPC tariffs based on costs, including replacement of the 20
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Newsletter 47 - 16/10/2015
percent in 2016. The Finance Ministry adopted these estimates in the 2016 draft budget tabled on 5... and 3.3 percent YoY in Q3 and by a further 2 percent QoQ and 5 percent YoY in Q4. The full-year... was forced to stand down following the embarrassing and thorough defeat of the “Yes” campaign in the 5
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