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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgramme2018. 7) Deregulation of professions such as engineers and notaries 8) Approval... recommendations for product market liberalisation based on its toolkits 10) Abolition of subsidies... and to have about 10 billion euros left that could be used for bank recapitalization.
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Newsletter 42 - 11/09/2015
shortfall of 7–8 billion under the baseline scenario and a similar amount under the adverse scenario... and resolution costs, 40 billion was used and the remaining 10 billion kept by the HFSF and returned... would result in revenues of 10 billion in the future. If confirmed, this means that the permanent
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Greek bank recapitalisation: The story so far and what lies ahead
Economyto that of the capital increases. This potential recapitalisation process is based on a capital shortfall of 7–8 billion... billion was used and the remaining 10 billion kept by the HFSF and returned to the European... in revenues of 10 billion in the future. If confirmed, this means that the permanent loss from
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Omnibus bill goes to Parliament as Greece seeks to unlock 2 bln sub-tranche
EconomyProgrammeto their social security contributions. 3) An additional penalty of 10 percent is imposed on early... it initially indicated it expects incremental revenues of 200 million. 7) Abolition of taxpayers.... Health 10) Reduction in the price of all off-patent drugs to whichever is the lowest between 50
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Greece receives list of milestones for next bailout sub-tranche
EconomyProgrammerelated to primary homes and SMEs will be specified in the context of the first programme review. 7) Adoption of 10 additional OECD toolkit recommendations including those for beverages and petroleum... for their implementation. 10) Spatial planning and forestry law. 11) Irreversible steps
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General gov't primary cash surplus widens notably to 4.84 bln by October
EconomyMacroeconomy, and account for more than 10 percent of total. The remaining arrears relate to local governments... to repay arrears of around 3 billion euros in the last quarter of this year and of 7 billion in total...-Bills at 14.9 billion (4.7 percent) and repos at 10 billion (3.2 percent). Guarantees The stock
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Greek firms rely on public procurement most in EU but also suspect corruption, survey indicates
Societyof 10 points since 2013. Businesses in Greece (92 percent) are also most likely to agree that too-close.... Since 2013, there has been a 10 point drop in companies agreeing that that unfair selection... in Lithuania, Greece, Bulgaria (all 8 percent) and Slovakia (7 percent) are the most likely to have been
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Meimarakis and Mitsotakis make it into run-off vote for New Democracy leadership
PoliticsGreek PoliticsKyriakos Mitsotakis are to battle it out for the party leadership on January 10 after an inconclusive... expected numbers meant that polling centers were kept open beyond the 7 p.m. deadline, helping.... These are likely to be the main themes in their campaigning until January 10 but beyond who will emerge
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IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief
EconomyProgrammeneeds to remain below 10 percent of GDP until 2040, rising to 20 percent by 2060. According... sustainable, the IMF suggests: 1) Maturity extension of 14 years for EFSF loans, 10 years... reduce gross financing needs and the debt ratio by around 7 and 25 percent of GDP respectively by 2060. 2
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Access to finance remains far bigger problem for Greek SMEs compared to euro area peers
EconomyMacroeconomyof 10 percent. In contrast, the availability of skilled staff or experienced managers... the lowest and well below the euro area average of 17 percent. On a scale of 1 – 10, Greek SMEs continued to perceive access to finance as a very important problem rating it at almost 7, meaning
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