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Greek children lead way in languages at primary school level
Societywith Romania and Bulgaria, it has a rate of less than 3%. Finland, where roughly one out of four young people... that Greece misses the mark in the Pisa texts, which measures the knowledge and skills of 15-year-old
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Bank of Greece warns of dangers in failure to reach deal with lenders
EconomyMacroeconomyon the evidence so far, BoG thinks a compromise has already been reached on the main conditions...-raising measures. The viability of the social security funds should be ensured by eliminating exemptions
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EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economyto the strong deterioration of Greeceās economic and financial situation, the EC has revised downwards... of administrative measures on the banking sector (capital controls). Long-term growth is anticipated
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Most Greek businesses feel capital controls impact, 69 pct see turnover drop
EconomyEndeavor Greece, the Greek subsidiary of the global non-profit organization, has published a survey showing the impact that capital controls, imposed on June 29, have had on local businesses...) or suspended payments to suppliers (45 percent). Other measures also involved cuts in non-payroll
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Rare rebound for retail trade with 2.5 pct rise in May
EconomyMacroeconomy2009, retail turnover has dropped by almost 24 percent largely attributed to a nosedive of disposable... in income and property taxes due to the imposed austerity measures. The sharpest decline over
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European Commission's Greek DSA sees recession ahead, debt becoming unsustainable
EconomyProgramme. The government has pledged to bring in 6.4 billion by the end of 2017. Based on those assumptions and excluding.... One of the debt mitigating measures could be for the Eurogroup to reinstate the transfer of SMP
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The key points in Greece's new bank recap bill
Economyframework: 1) A bank that has been deemed viable by the Bank of Greece (BoG) may apply to the Hellenic... action measures are not enough to fully cover the capital needs, the remaining capital shortfall
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EC sees milder Greek recession in 2015, debt ratio to climb to 200 pct in 2016
Economythat is related to the maximum amount for bank recapitalization has been incorporated in the updated EC... in 2016. These estimates assume implementation of the agreed fiscal measures targeting savings
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Greece passes latest omnibus bill, looks to next actions ahead
EconomyProgrammeactions for the disbursement for the second sub-tranche of 1 billion, euros has not been defined yet... of eligibility criteria for primary home foreclosures, the equivalent measures for not imposing the VAT
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Coalition considers options for addressing pension system sustainability
EconomyProgrammethe process has been delayed for technical, bureaucratic or other reasons. In addition, unpaid social... not specified. Local media indicate that the bulk of the pension painful measures may not be included
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