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  1. New team at Finance Ministry tasked with familiar old juggling act

    PoliticsGreek Politics

    an estimated 6 billion euros over three years. Deputies With so much in his inbox — including the perennial... 23 years working for the European Commission, including 15 years as a lawyer arguing cases involving

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  2. Promises, promises
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    impact of this bill, which spreads the cuts out over three years, will be 6 billion euros. It may... to 22 percent and from 13 to 11 percent Main pension contributions to drop from 20 to 15 percent

    14%

  3. New Democracy tax pledges put spotlight on available fiscal space
    Photo by MacroPolis

    EconomyProgramme

    , main pension contributions for employers and employees would be reduced from 20 to 15 percent... of around 6 billion euros over the next few years. This immediately prompted questions from

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  4. Newsletter 229 -22/11/2019

    Newsletters

    GFN-to-GDP threshold, set by the Eurogroup at 20 percent, in fact staying below 15 percent of GDP... (+6 percent) and intermediate goods (+3.4 percent).

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  5. Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
    Image via www.piraeusbank.gr

    EconomyBanking

    one-off items, specifically the bank’s voluntary retirement scheme, PPI rose by 15 percent QoQ. PPI... million euros, showing a YoY rise of 6 percent. Ancillary fee volumes continued to show

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  6. Economic sentiment at 107 in November, consumer confidence continues to strengthen
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    100 points for nine consecutive months. Compared to November 2018, the ESI has increased by 6 points... of 15 points year-on-year. Finally, the construction confidence indicator fell by 1.3 points to -51.7

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  7. Greek pupils score below average in international rankings as long-term problems persist
    Photo by Angelos Christofilopoulos/Fosphotos

    Society

    little to no improvement in the performance of Greek 15 year olds, with Greece scoring below average... in reading, saw no change in mathematics, and lost 6 points in science. Compared to the 2015 PISA results

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  8. General govt primary cash surplus at 7.50 bln in October, arrears fall by 54 mln
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    with a rise of 14 million euros. This was followed by SSFs (+13 million), local governments (+6...), state budget arrears (+51 million) and local governments (+15 million). ​At 33.7 percent

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  9. PDMA sets 2020 goals to build on improving conditions for debt
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    . In most years, it ranges between 6 and 8 billion euros, limiting refinancing risks across medium... 70 percent of GDP in 2070. Gross financing needs are not expected to exceed 15 percent over

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  10. Hercules NPL reduction scheme receives first application from Eurobank
    Photo by MacroPolis

    EconomyBanking

    strategy aiming at reducing the NPEs ratio to 15 percent area in the first quarter of 2020.” Bank... to leverage the Hercules mechanism for more than 6 billion euros-worth of loan securitisations

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