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  1. First visit by quadriga to Athens leaves series of issues unresolved

    EconomyProgramme

    that the next sub-tranche of 2 billion euros would be disbursed by the end of October, his statements... for kindergartens and nursery schools, 6 percent for private tuition schools, music and dance academies and 13

    22%

  2. Coalition starts to feel backlash from latest round of measures
    Photo by Harry van Versendaal

    PoliticsGreek Politics

    The government is expected to unveil a second multi-bill on Thursday as it aims to catch up with the list of prior actions it needs to carry out to receive the next bailout tranche of 2 billion euros... and 6 percent on tuition classes, rather than a 23 percent rate across-the-board as had initially been

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  3. Piraeus Bank reveals mitigating actions aimed at reducing size of capital increase
    Photo by MacroPolis

    EconomyBanking

    million relate to senior bonds and 225 million to junior bonds. 2) Increase of Common Equity Tier 1... to the preliminary results submitted to the SSM. 6) Lower charges by 81 million euros for the derivative exposures

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  4. Greek stocks edge up in week of big losses for banks

    Economy

    for the disbursement of the next sub-tranche of 2 billion and the transfer to the Hellenic Financial... session. Note, though, that since the beginning of the month, the Greek market has posted losses of 6

    22%

  5. Greece receives list of milestones for next bailout sub-tranche

    EconomyProgramme

    revenues so the relevant legislation can be adopted during the first programme review. 2) Measures... legislation for the household insolvency. 6) Settlement of non-performing loans (NPLs) including the legal

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  6. BoG report highlights need for programme implementation, political consensus
    Photo by MacroPolis

    Economy

    banks to unlock tied-up funds. 2) Fast implementation of goods and services markets’ reforms... by modernising the tax administration that would help curbing tax evasion and corruption 6) Enhancing

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  7. Notable increase in grants to social security sector leads to budget primary deficit in Nov

    Economy

    billion) 2) Grants to Manpower Employment Agency (at 72.1 percent of the annual target of 750 million) 3... children (at 69.4 percent of the FY target of 650 million) 6) Grant to the Intergenerational Solidarity

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  8. Gov't submits reform plan that raises contributions and cuts future pensions

    EconomyProgramme

    Retirement fund (NAT) will remain autonomous for their non-pension activities. 2) Unified methodology... and at 46.7 percent for 40 working years. 6) The overall main pension replacement rate also takes

    22%

  9. Gov't hits back as pension reform row heats up
    Photo by MacroPolis

    EconomyProgramme

    and the previous governments had made 12 cuts to pensions since then. 2) The domestic economic... stresses that current pensions will not be reduced even after the end of the bailout programme in 2018. 6

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  10. The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
    Photo via Greek Finance Ministry

    EconomyProgramme

    in six large islands as of October. 2) Increase in the solidarity levy rates for annual income above... (150 million). 6) Increase in the tax rates on income from rents (142 million). Specifically

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