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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomyat 173.74 billion euros for 2015, 6 percent lower than last year’s budget and 3 percent below 2014 figure... on income from rents (200 million) 6) Increase in the advance tax payment for legal entities (130 million
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Coalition poised to unveil pension reform proposals, hoping to avoid cuts
EconomyProgramme’ healthcare contributions to 6 percent (from 4 percent) for main pensions and to 6 percent (from zero
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Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015
EconomyMacroeconomy. On the flipside, travel receipts advanced by 6 percent to 14.19 billion on the back of an increase in non... to a rise of 6 billion in residents’ holdings of foreign bonds and T-Bills, largely reflecting the ESM
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Optimism for Cyprus solution abounds but talks at delicate phase
PoliticsForeign Policywith the third licensing round for explorations in gas fields 6, 8 and 10 and questioned Nicosia’s... argued that “an important segment of the area number 6 remains within the outer limits of Turkey's
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Asking Greece to stack more austerity measures ignores past failings
Agoraof heavy fiscal lifting in 2012 with 12.4 billion, 6 billion in cuts and 6.4 billion in revenues... and have brought servicing costs down from pre-crisis levels, when Greece was paying over 6 percent of GDP
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingincome fell 6 percent QoQ to 74 million. It was negatively affected by the domestic macro... dropped by 35 percent QoQ, as Q4 was burdened by one-off costs, while fell by 6 percent on a like
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First review completed but more prior actions lie ahead for Greece
EconomyProgrammea direct stake of 6 percent in OTE and the voting rights of an additional 4 percent share held... in December. On the privatization front, total proceeds of 6 billion euros are estimated by the end
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BoG cautions on impact of tax rises, updates on rising NPEs
EconomyMacroeconomyfor just 6 percent of NPEs. The BoG highlights that the NPE coverage ratio improved by more than 6
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Crisis management policy: the sad lesson of the Greek case
Agorareview of the 2015 agreement, a structural general government surplus of 6–7 percent of GDP in 2016... thereof. However, there is no reason to believe that the 6–7 percent could be reduced to lower than 4
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Pending pensions mount up, complicating fiscal effort
Economybillion to 4.54 billion in 2016 from almost 6 billion in 2015. At the same time, the number of pending... are taken into account. As a result, the current deficit of 3 billion would reach 6 billion including
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