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Newsletter 49 - 30/10/2015
to only 26.2 percent. Given that the ballot will be open, meaning that anyone willing to pay 3 euros... July 2003. Total deposits are at their lowest level since July 2003. Economic sentiment creeps up... tested. Tsipras’s task in trying to hold all this together and prevent a total collapse is huge. His
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Gov't submits multi-bill to pave way for next bailout tranches
EconomyProgramme(betting) making up 49.7 and 40 percent of total revenues respectively. Market sources stress... to pay the monthly instalment, the government will grant a subsidy that will burden budget with a total amount of 100 million euros. The second tier protection includes households that have an annual
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Gov't unveils bill to overhaul pension system, increase income tax revenues
EconomyProgrammemonthly earnings of each employee for the total number of working years after applying progressive... and pensioners. Self-employed and farmers will pay the whole rate, which would be applied on their declared... from the beginning of June 2016 until the end of May 2019. A lower rise by a total of 0.5 points
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Tsipras reveals how excess surplus will be shared out, eyes political relief
PoliticsGreek Politicsthat of the 1.4-billion-euro total, 720 million euros would be handed out to 3.4 million people through a means-tested... pay illegally withheld in the form of healthcare contributions between 2012 and 2016. The remaining... for Energy (RAE) deemed that PPC customers would have to pay an extra 360 million euros via their bills
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Athens puts off bond sale, has fiscal concerns to address
EconomyProgrammeretroactively from August 2012. This would force the coalition to pay back the money those affected have lost..., reaching a total of just over 480 million euros: - 89.4 million for the retroactive cuts in 2012... to reports, the restoration of wages to 2012 levels will lead to a pay increase of between 32
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BoG highlights areas of concern in underlying NPE data
EconomyBankingthat are unlikely to pay and those in delay between 1 and 90 days are important indicators for the direction of credit risk. Unlikely to pay exposures stood at 27.8 billion euros, which is 31 percent of NPEs... in the first half of the year to 19.9 billion euros, representing 22 percent of total NPEs. It is important
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Parties vie for voters' attention as New Democracy prepares for congress
PoliticsGreek Politics. At the same time, the coalition is highlighting that some pensioners will see their retirement pay..., or Katrougalos law, passed in 2016. Around 620,000 recipients, out of a total 2.6 million pensioners... being awarded pay that was deemed to have been illegally cut in 2012. An amendment submitted
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Greece tax wedge rises two places to 13th highest among OECD countries, report finds
EconomyFeaturessecurity contributions together account for 69 percent of the total tax wedge, compared with 77 percent of the total OECD average tax wedge. While the tax wedge for a worker with children may be lower... to an average single Greek worker having a take-home pay after taxes and benefits of 73.9 percent versus
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NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk
EconomyBankingreached 3.7 billion euros. ‘Unlikely to pay’ and loans past due by 1-90 days are good indicators of how credit risk is developing. There are some positive signs in the reduction of ‘unlikely to pay..., which is close to 60 percent. Forborne loans exceeded 46 billion; representing 25.7 percent of total
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SYRIZA zooms in on inflation, pandemic weaknesses to boost popularity
PoliticsGreek Politicspersistence. Another 106 Covid-related deaths were recorded on Tuesday, taking the total toll.... The leftists voted in favour of the outlay on a total of 24 planes to upgrade Greece’s defence capabilities... of respondents said they can pay their energy bills without any problems, while 24 pct said they cannot
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