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Newsletter 51 - 12/11/2015
million bank bonds accepted the voluntary bond swap offer. On November 5, Piraeus was also... for the 2 billion, plus 10 billion for the banks, to be released. Those pending matters consist
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Progress in bailout talks but foreclosures and NPL management stand in way of agreement
EconomyProgrammeeuros as well as the transfer to the Hellenic Financial Stability Fund (HFSF) of the 10 billion... inconclusive meeting between the Greek authorities and the institutions ended at 5 am on Monday and a new
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Newsletter 53 - 27/11/2015
institutional book buildings, raising a total amount of 5 billion euros and boosting their capital base... and counterbalanced the revenue shortfall of 2.24 billion. The surplus was 2.11 billion in the first 10 months
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Court ruling creates new complication for gov't, this time with property tax
EconomyMacroeconomy. In particular, for pensions (or sum of pensions) between 1,000 and 1,500 euros the cut was 5 percent, between 1,500 and 2,000 the reduction was 10 percent and for amounts above 2,000 the cut was 15 percent
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Notable increase in grants to social security sector leads to budget primary deficit in Nov
Economyof 668 million in the preceding 10 months, while social protection expenses climbed to 291 million... to hospitals (at 79.7 percent of the annual target of 1.16 billion) 5) Allowances to families with many
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammewill be trimmed by 1/40 for each year. 5) The contributory pension will be based on the average monthly... of the bailout programme but this this extra amount will then be gradually phased out. 10) New pensions
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The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
EconomyProgrammerate of 23 percent on private education. 5) Increase in the corporate tax rate from 26 to 29 percent... in the tax rates for insurance fees (54 million) 10) Overhaul of the income tax code (150 million
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Gov't proposes easing impact of pension reforms on self-employed for three years
Economy. The income ceiling was set at 55,000 euros, where the proposed discount stands at 5 percent. The Ministry... would see a double-digit increase in their disposable income. For those with income between 10
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Gov't offers improved terms to farmers in bid to break deadlock
Economyfor a gradual rise in contributions to 10 percent in 2016 and up to 20 percent in 2019. The pension reform... income, including subsidies. Until now, subsidies up to 12,000 were exempt from tax. 5) The definition
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammepercent to 10 percent. In the 2016 budget, the government incorporated revenues of around 750 million... rates on farmers’ income (32 million) 4) Income tax code reform (150 million) 5) Other
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