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Referendum call stretches state liquidity, pensioners first to bear the brunt
EconomyProgrammewill 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... providing any further details. For the total of around 368,000 OAEE pensioners, the total monthly
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Newsletter 88 - 16/09/2016
of companies are due to pay a higher property tax for this year. The breakdown for individuals showed more than 80 percent are due to pay a tax of less than 500 euros which, added up, corresponds to one-third... 500 and 2,000 euros each, amounting to 40.6 percent of total tax bill for private property owners
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoraon a two-year downward trajectory. As graph 1 below illustrates total lending to the real economy shows... constraints and new credit transmission channels As graph 2 (below) underlines, the total volume... the highly contentious issue of how to identify the transfer value of impaired assets and who could pay
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Newsletter 220 -20/09/2019
’ mission chiefs due in Athens on Monday Greece also submitted an official request this week to pre-pay... activity this week centred around plans to pre-pay almost 3 billion euros to the IMF ahead of schedule... repayment schedule, Greece is due to pay 2.1 billion euros per year up to 2021, dropping to 1.9
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S&P downgrades Greece, sees economy shrinking by 1.5 pct in 2015
Economythat the government may exert moral suasion for an increase in T-Bill holding of banks’ insurance... borrowing requirements. However, S&P expects that the government will continue to pay salaries... government issuing IOUs to pay employees, pensioners and suppliers. These IOUs could circulate
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Newsletter 28 - 29/05/2015
secured by Sunday, or June 5, when Greece has to pay the IMF 300 million euros, is very slim. common... of this being secured by Sunday, or June 5, when Greece has to pay the IMF 300 million euros, is very... after rejecting a deal, the government holding a referendum to decide whether to accept further
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Newsletter 45 - 02/10/2015
, self-employed and firms will be required to pay additional taxes in October following the decision to increase the amount of income tax they must pay in advance. Another key issue for the new government... they supported New Democracy. The date of the vote is not yet known. Meimarakis favours holding the ballot
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Tsipras ramps up fiscal pledges as elections draw closer
PoliticsGreek Politics, Prime Minister Alexis Tsipras is not holding back in pledging similar interventions before the general..., which will not pay out any bonus at all to pensioners. The conservatives have so far refused... have also forced the government to pay several years of backpay. Opinion poll Despite SYRIZA’s recent
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Greece reignites energy alliance talks with Israel and Cyprus amid US interest
PoliticsForeign Policyof President Trump, diplomatic sources acknowledge. Libya One country that is at the centre of interest for both Athens and Washington is Libya. The US is already including the North African country in a 4+1..., Turkey and Libya, aiming at resolving maritime disputes and, more specifically, the delimitation
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France and Greece upgrade defence pact as regional and political risks loom
PoliticsForeign Policyand delivering practical solutions. Renewed engagement with Libya The visit of Greek Foreign Minister Giorgos Gerapetritis on Monday to Tripoli, Libya, marked a significant step in revitalising bilateral... was another key topic during Monday’s talks. Gerapetritis noted that flows from western Libya to Greece
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