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These are the bailout deliverables expected from Greece in September
EconomyProgrammea greater role for the institutions than in the past. 12) Adopt a roadmap for investment licensing... stressing that by 2020 no undertaking will be able to produce or import, directly or indirectly, more than... the restructuring plan for the Athens Urban Transport Organization (OASA) that was agreed
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Six in 10 Greeks earn less than average salary of €1,022 in private sector
Societyand grosses less than the average salary in the private sector. These are the general characteristics.... The data, drawn from the ministry’s Ergani database of hirings and dismissals, put the total number... than 1,022 euros a month, the average salary in the private sector, according to separate data from
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammecriteria for large debtors owing more than 100,000 euros 10) Audit of wages and allowances... including Sundays. 14) Restructuring of Athens public transport (OASA). 15) Change in the legislation
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Omnibus bill goes to Parliament as Greece seeks to unlock 2 bln sub-tranche
EconomyProgrammeis due to be tabled in Parliament on Monday under the “urgent,” rather than the “emergency,” procedure... privatisation and restructuring of the Athens public transport organization (OASA). A second list of prior
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Complex privatisation fund faces tall order to reduce Greek debt
Economyand more than 700 million to state’s direct participation in state-controlled companies that could... to CPH, namely those of Athens public transport companies (OASA, OSY and STASY), the Olympic
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Poll spells worse trouble for PM than concerns of party turmoil
PoliticsGreek Politicsor a referendum would be a better option than coalition MPs approving the deal in Parliament... that Tsakalotos did not sign the text and that the statement was not put to a vote at the committee meeting on Sunday. Rather than a move that could threaten the government’s stability, Sunday’s
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How Greece reduced its unemployment rate to less than 10 pct
Agorathe Greek economy has put close to 757,000 people back into jobs. The employment figure is at 4.24 million... sector has 244,000 fewer workers, more than half of the total gap. Another laggard in job creation... more than 200,000 fewer foreign workers compared to the 2008 high, when 389,000 foreign nationals
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Bond difficulties put a dent in coalition's exit plans
PoliticsGreek Politicsof the third bailout in August has put another dent in the government’s hopes of making as clean a break... official told Reuters that the bond issue plans have been put on hold due to the market turbulence... sensing that the debt relief package which Greece’s lenders are due to put forward is likely to fall
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Samaras tax cut pledges aimed at MPs rather than voters
PoliticsGreek Politicswords were primarily aimed at MPs rather than voters. The only tangible announcement made by Samaras... tax would be 283 percent higher than in 2012, when it was raised from 60 to 330 euros per 1,000... that a new bout of political instability could put Greece’s fragile recovery at risk. He spoke
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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammethereafter up to 275 percent in 2060 mostly due the anticipated high cost of market financing more than... it will not fall below a floor of 4.5 percent. Compared to the latest DSA put together by the eurozone... with weaker than expected policies resulting in lower primary surpluses of 1 percent of GDP
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