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Bailout review resumes in Athens but substantial gap remains
PoliticsGreek Politicsfederations. 2) Do not agree with the recent proposal from the government for lower contributions... period according to the government proposal. 6) Insist on the implementation of the zero-deficit
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Newsletter 48 - 23/10/2015
lenders, the coalition finally decided to apply a 6 percent VAT rate for private tuition schools...). Improvement mainly due to drop in goods and primary income deficits. 2 More old than new Tsipras fails to set
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First visit by quadriga to Athens leaves series of issues unresolved
EconomyProgrammethat 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
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Coalition starts to feel backlash from latest round of measures
PoliticsGreek PoliticsThe 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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Piraeus Bank reveals mitigating actions aimed at reducing size of capital increase
EconomyBankingmillion 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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Greek stocks edge up in week of big losses for banks
Economyfor 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
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Greece receives list of milestones for next bailout sub-tranche
EconomyProgrammerevenues 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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BoG report highlights need for programme implementation, political consensus
Economybanks 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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Notable increase in grants to social security sector leads to budget primary deficit in Nov
Economybillion) 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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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammeRetirement 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
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