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  1. For Greek families, electricity goes from given to must for survival
    Photo by Harry van Versendaal

    Society

    that had been cut off from the power grid due to being unable to pay their bills. It also promised... affecting a substantial number of families who are not able to pay their electricity bills or heat... worse position to pay for expensive heating oil. Many have resorted to burning firewood as they did

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  2. Greece submits reform proposals but Eurogroup unlikely to be moved

    EconomyProgramme

    , those who will pay their full principal amount until the end of March will receive a discount in the surcharges. The law allows for debtors to pay in advance of the tax submission set date (end of May... and reward those who pay the full amounts of tax debt upfront versus those who pay in (up to 100

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  3. Newsletter 23 - 17/04/2015

    Newsletters

    had to pay back to the IMF in March. Each of these payments brings relief that a possible default has... reserves of several general government bodies to pay its debt obligations, which include the rolling... that in order to pay salaries, pensions and lenders, the government has held back on payments

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  4. Greece is gasping for a deal
    Photo by MacroPolis

    Agora

    that Greece had to pay back to the IMF in March. Each of these payments brings relief that a possible... in to the cash reserves of several general government bodies to pay its debt obligations, which include... has been that in order to pay salaries, pensions and lenders, the government has held back

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  5. Referendum call stretches state liquidity, pensioners first to bear the brunt
    Photo by Damian Mac Con Uladh

    EconomyProgramme

    will open for three days starting from Wednesday to pay pensioners without cash cards. However.... The second largest pension fund - self employed (OAEE) - said it was not able to pay in full pensions... amount is due to paid at the end of this month. On top of pensions, the government has to pay the first

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  6. Cabinet act firms up details of CoCos issuance by Greek banks
    Bank of Greece

    Economy

    not pay the annual coupon in two anniversaries, not necessarily consecutive. CoCos holders do not have... is at the discretion of the bank’s BoD, which may also decide to pay the coupon in the form of common shares... bank share price. If a bank decides not to pay the annual coupon on CoCos, then it is obliged

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  7. SYRIZA fails to make any friends with new public sector wage grid
    Photo by MacroPolis

    PoliticsGreek Politics

    of a total of 567,000 civil servants receiving pay rises of between 15 and 80 euros, spread out over... that this was not the major intervention in public sector pay that SYRIZA had hoped to make “but it stops... pay increases. The government has failed to convince the public sector workers’ union ADEDY that its

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  8. A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors

    EconomyProgramme

    levies on pay TV and on bank cheques or bank transactions. Personal income tax A new unified tax... percent of self-employed with income below 32,000 euros would pay lower income tax with the new tax... retirement pay amount exceeds 1,300 euros, rise in contributions for supplementary pensions by 1

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  9. Review delay brings Greek liquidity needs back into focus
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    Greece has to pay 6.46 billion euros for GGB redemptions (4.03 billion to the ECB and 2.43 billion... in GGBs held by the ECB are due. Greece also has to pay 620 million in March, mostly to private investors... Greece is obliged to pay back to the European Stability Mechanism (ESM) 1.6 billion euros

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  10. ECB survey shows enduring preference for cash payments in Greece
    Photo by Pavlos Svoronos/Fosphotos

    EconomyFeatures

    other country surveyed to pay electricity bills in cash (56 percent). Around 85 percent of Greeks... choose to pay with, given the choice. When asked to pick between the various payment methods offered in a shop, 43 percent said that they would choose cash, 39 percent said they would pay by card

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