Search
-
The bad hand being dealt to Greece's next government
Agoraat the beginning of September, the government assured everyone that the matter would be wrapped up within a few.... By the end of November, the current government had used up 7 billion euros in repos, leaving room for only 2... government will need to conjure up an immediate fiscal recovery. Deposit outflow The inability
3% -
Greece sets out broad reform plan for lenders' approval
EconomyProgrammecome up with their own judgment. The list involves intervention in the following areas: 1) Fiscal... debtors with small liabilities and at the same time step up enforcement methods and procedures... of the previous years in up to 100 instalments. On NPLs, the government pledged to deal in a manner that fully
3% -
Greece's imminent funding problems: All the numbers you need
EconomyProgramme-Bills for ELA funding (as they could with the ECB before February 11) for an amount up to 3.5.... It is estimated that an amount of more than 800 million euros is held by foreigners that took up about... given up on the idea of extraordinary T-Bill issues and Finance Minister Yanis Varoufakis is expected
3% -
Greece: The gathering storm
Agorathe review and made it clear that failure to live up to the terms would lead to the agreement being... in enough detail. These included reforms for pensions, VAT, opening up closed sectors... of working with lenders to draft and pass legislation so the review can be wrapped up. At the same
3% -
Greek gov't tables draft law on installments for unpaid taxes: Here's what's in it
EconomyMacroeconomy50). Tax obligations up to 5,000 euros are not charged interest, while for higher amounts the rate... and surcharges if the full principle is paid upfront. For settlement in up to 50 installments the reduction of penalties and surcharges stands at 70 percent, while for 51 up to 100 installments the respective cut
3% -
Minister's alleged conflict of interest a first domestic political test for Tsipras
PoliticsGreek Politics. The report claims that Katrougalos was signing such deals right up to the day he was appointed to his... the public sector. If the allegations against Katrougalos are backed up or intensify in the next few... the claims to cast a shadow over his government and its pledge to clean up Greek politics.
3% -
Parliament's bailout probe has potential to be politically toxic
PoliticsGreek PoliticsParliament is set to discuss in the next few days (possibly on Monday) a proposal by SYRIZA and Independent Greeks MPs to set up an inquiry into the circumstances in which Greece signed up to both.... The conservatives abandoned this goal when they teamed up with PASOK and Democratic Left (DIMAR) to form
3% -
DTA may spell new trouble for Greek banks
Agoraimportantly, the DTC-eligible DTA made up slightly less than half of Greek banks’ common equity Tier 1 (CET1.... In 2014, Greek banks recorded Basel III CET1 ratios ranging from 12.1 percent for Piraeus up to 15.2...), from 5.2 percent for Alpha up to 8.2 percent for Eurobank. All those ratios clearly demonstrate
3% -
Greece: How events could unfold over the next few weeks
PoliticsGreek Politics. This is obviously the most straightforward scenario but will depend on what the government signs up... parties or MPs coming in to make up for the SYRIZA lawmakers leaving the party. Tsipras turning to PASOK... scenarios open up. If Greece and its lenders fail to agree on May 11 then all eyes
3% -
SYRIZA caught in push and pull between voters and members over deal
![Photo by Myrto Papadopoulos (www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2013/11/13/syrizaflags_1000_myrto_1211-medium.jpg "Photo by Myrto Papadopoulos (www.myrtopapadopoulos.com]")
PoliticsGreek PoliticsSYRIZA finds itself caught between party members and MPs, who are reluctant to sign up to a deal... increasingly desperate for a deal as cash dries up. The resistance within the party was highlighted.... The government’s decision to pass a decree ordering general government bodies to put up their cash
3%