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Results 451 to 460 out of 2013. RSS

  1. Greece sends reform list to creditors, here's an outline of what it's likely to contain

    PoliticsGreek Politics

    the humanitarian crisis. The cost of those measures was initially estimated by SYRIZA at 1.86 billion and relate to the following initiatives: · Subsidized meals for 300,000 poor families (estimated cost... home (estimated cost at 2 billion euros). The Alternate Finance Minister Nadia Valavani recently

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  2. A breakdown of the fiscal and structural reforms Greece hopes will unlock funding

    EconomyProgramme

    the zero-deficit clause for auxiliary pensions (cost of 326 million), reintroduce the 13th pension for pensioners below the poverty limit (cost of 600 million) and retain the current conditions for pensioners who receive the Social Solidarity Allowance (EKAS) (cost of 82 million) with a total negative

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  3. Piraeus Bank brings Q1 2015 losses down to 69 mln
    Photo by MacroPolis

    EconomyBanking

    Emergency Liquidity Assistance (ELA) cost partly offset by the positive impact from the time deposit... ELA cost burdened Q1 NII for two months, thus its impact on Q2 is seen at higher levels. Operating...) to 278 million with the cost of risk falling well below the 2-percent mark to 1.54 percent in Q1 from

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  4. Alpha Bank reports lower losses of 115.8 mln in Q1 2015
    Photo by MacroPolis

    EconomyBanking

    to higher Emergency Liquidity Assistance (ELA) funding cost that burdened NII by 33 million. This higher cost will be fully phased-in in Q2, since its burden was only for half of Q1 (since mid-February). Total ELA funding cost stands at 200 basis points (bps) compared to just 5 bps for ECB funding

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  5. Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
    Photo by MacroPolis

    Economy

    deposit cost, attributed to decreased time deposit rates, leading net interest income (NII) down 4... deposit cost and higher lending spreads. The time deposit cost significantly fell in Q3, with the time

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  6. Greek households most overburdened with housing costs in EU

    Society

    than 40 percent of total disposable household income, Greece has by far the highest housing cost...), the Netherlands (15.4 percent) and Romania (14.9 percent) in terms of the housing cost overburden rate... the lowest housing cost overburden rates. The data also found that most Greeks (56.9 percent) live

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  7. Multi-bill tabled in Parliament, paves way for sale of NPLs

    EconomyProgramme

    in position allowances. The total annual cost of these changes is estimated at around 300 million..., the relevant cost ceiling is set at 570 million euros for 2016 and will be lowered by 20 million per annum for 2017 and 2018. The GAO report notes that the total amount of cost saving is projected at 137 million

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  8. Gov't postpones discussion on parallel programme ahead of tranche approval
    Photo by MacroPolis

    Economy

    process, while it added that the total cost is “extremely low at around 100 million”. The only...’ objections was that most interventions were not cost-quantified. In specific, the accompanying General Accounting Office (GAO) report indicated the cost impact of just a few measures, such as the widening

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  9. Coalition poised to unveil pension reform proposals, hoping to avoid cuts
    Photo by MacroPolis

    EconomyProgramme

    system. The third memorandum of understanding (MoU) calls for pension cost savings of 1 percent... fund (OGA) (102 million), reduction in the number of EKAS beneficiaries (223 million) and cost... averaging 169 euros are also paid out. Overall, the annual pension cost stands at 28.54 billion

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  10. Newsletter 58 - 15/01/2016

    Newsletters

    euros required to achieve the agreed pension cost savings of 1 percent of GDP (1.8 billion) in 2016... in 2012 under two laws. The annual cost for the reversal of those pension cuts is seen at 1.5 billion... wants to avoid slashing existing pensions, concentrating instead on producing cost savings from

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