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Coalition poised to unveil pension reform proposals, hoping to avoid cuts
EconomyProgrammethose paying social security contributions as well as pensioners, include: 1) Consolidation of all... and granting of pensions. 2) The final pension amount will be made up by the national and the main... the amount that around 2 million people in the public and private sectors contribute to the social security
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Economic relief eyed as Greece launches fourth round of lockdown easing
PoliticsGreek Politicsthat mean there can only be one customer for every 2 square metres and no more than six people in total... is also set to re-open primary and nursery schools from June 1, although there will be restrictions... package will support the real economy. Its research arm recently estimated that 1 in 7 firms could
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Significant post-election economic challenges await Greek coalition
Economy) to 1 percent constant for the next 50 years. This could result in total savings of 25 billion (14... by at least 1 pp this year and a further 2 pp in 2015. In contrast, the OECD projects a slower reduction...-tranche of 6.3 billion in late April. The remaining two sub-tranches of 1 billion each are due
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Greek GDP up 0.7 pct in Q3 for third straight quarter of growth
EconomyMacroeconomyincrease to a modest 1 percent for 2014. Total exports rebounded QoQ for the third straight quarter... successive quarter by 3.1 percent accelerating from the 1 percent posted in Q2. In contrast, Q3... fifth of final consumption. Overall, SA Q3 final consumption increased 0.6 percent QoQ and 2
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Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln
Economy: a) the disbursement of the two bailout sub-tranches of 2 billion euros on November 24 and 1 billion... almost 69 percent of total central government debt. On top of bilateral (52.9 billion) and EFSF... unchanged at 14.88 billion making up 4.6 percent of total, while repos edged up to 10 billion
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Newsletter 149 -2/02/2018
by 0.5 percent and grow by 1 percent in 2020. Commercial real estate will grow by 0.3 percent each... for the Collection of Social Security Arrears (KEAO) revealed. From the total overdue stock, nearly three quarters... and mostly driven by a QoQ rise in revenues in Q3. 2 Overdue tax obligations rise to 101.86 bln in Dec
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Unemployment rate up to 19.2 pct in Q1, long-term jobless still falling
EconomyMacroeconomyunemployed (over 1 year) declined for a seventh consecutive quarter to 589,000. Out of the total, long..., the jobless rate has declined by 2 percentage points (pps) from the Q1 2018 figure of 21.2 percent... the 1 million mark for a fourth consecutive quarter. However, Q1’s unemployment figure was the highest
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Newsletter 216 -26/07/2019
percent for properties ranging from 80,000 to 1 million, which relates to 1.5 million middle class taxpayers, and 10 percent for the 14,706 people who own property worth more than 1 million euros... to Greeks saving another 1 billion euros. The Finance Ministry hopes that a good deal of this money will go
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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomyfigures for the 7-month period (December – June) showed total outflows reached 42.91 billion... foreign money market funds. Total deposits - which also incorporate general government as well as euro... to the outflows recorded in May. The sharp drop of total deposits by 10.67 billion in June led to a similar rise
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Arrears payments of 915 mln in Aug bring total to 1.4 bln over two months
EconomyMacroeconomypublished on Friday. This means Greece has cleared a total of 1.36 billion euros of arrears... in the 2-month period, while total transfers reached 586.8 million. Social security funds follow with payments of 407.4 million euros out of the total of 501.8 million transferred. The majority
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