Search
-
Long-term jobless rate of 71 pct poses new set of social challenges for Greece
Society-term unemployed, which is those who have been out of work for more than 12 months. Long-term... of Greeks without a job for more than a year ranged between 48 and 55 percent since Greece joined the euro... than a year. This represents over 71 percent of all those without work. Extensive research has
1% -
GSEE report stresses risks on employment and the pension system, outlines burden on wages
Societyfirms are setting their prices following those of the competition rather than adjusting them... in Greece reached 21,930 euros, lower than that in Slovenia (24,472) and Cyprus (22,740... wages correspond to two thirds of the average of the 15 most advanced EU countries, stand lower than
1% -
Greece sets out plans for settling SME NPLs; mortgages to come
Economyto small businesses (SMEs) and sole proprietors with annual turnovers of less than 2.5 million euros... from the new legislation, which could help them retain more than 350,000 jobs. Very small and small... of total bank claims against the firm. If this is less than 50 percent, than the amount of bank
1% -
Greek primary cash surplus up to 3.1 bln in September but state arrears also rise
EconomyMacroeconomybillion) making up more than half of total, followed by extrabudgetary funds (1.15 billion). The state budget in particular, shows a material improvement by more than 3 billion YoY and 500 million month... mechanisms for 2013 in the larger healthcare provider (EOPYY) rather than a drastic cut in the creation
1% -
The rise of a "Spanish SYRIZA" transform’s country’s politics
Agorain a TV debate. As a result, Iglesias has 100,000 more followers on Twitter than the Spanish prime minister, Mariano Rajoy, and seven times more than the secretary general of the PSOE, the young Pedro... and is still larger than the sum of both parties’. But that is not what its rivals envy most: Podemos has
1% -
Greek loan rates remained well above euro area average in October
EconomyMacroeconomya sharper decrease by more than 200 bps. The deviation between the YtD decline of time deposit rates... easing by more than 3 percentage points. Despite the sharp drop, the Greek time deposit rate still remains well above the 1.12 percent average rate in the eurozone and more than 60 bps higher than
1% -
Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
EconomyBankingpercent in Q3 2014. Its Greek NPL ratio reached 39.4 percent in Q3 more than 5 percentage points (pp) higher than the market ratio of 34.1 percent in Q2, according to BoG. Non-performing loans... of business loans and accounting for more than 70 percent of the total NPLs. Piraeus surprised
1% -
Greek budget primary surplus at 3.57 bln by end of November, beating target by 691 mln
EconomyMacroeconomy, according to the Finance Ministry (MoF) final budget bulletin. This is 33 million euros higher than... better than target. The budget over-performance so far is primarily attributed to lower expenditure... million) more than offsetting the ongoing net revenue shortfall (by 918 million). The breakdown of budget
1% -
Newsletter 10 - 09/01/2015
indicated that more than one in ten voters are still undecided (Palmos 14.8 and GPO 13.1 percent... that goes to the winning party rather than hand New Democracy a surprising victory. The percentage... target for SYRIZA, the current opinion poll leader, than New Democracy. The new centre-left party
1% -
Third of Greek households trapped in debt and poverty, study suggests
Societyto the survey, more than three out of ten households (34.4 percent) had an annual family income of less than 10,000 euros a year, against 28.1 percent in the previous year. The data found that this was more common in households of two to four members than others. An almost identical figure (34.3 percent
1%