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Newsletter 3 - 14/11/2014
. It also expressed its opposition to a law passed last month allowing taxpayers to pay off their debts... allowing taxpayers to pay off their overdue taxes in up to 100 instalments will create an additional... landing at 1.24 million. The number of employed stood at 3.55 million, 15,700 lower than in July. Youth
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Mentioning the war so we don't have to mention the war
Agoraissued between the wars to raise money to pay for the reparations agreed at Versailles. While Greece... regarding its obligation to pay back the money it has borrowed, it is difficult to ignore at least... the decision of a lower court. The move proved inconclusive, as did Italy’s seizure of Villa Vigoni
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This is how Greece kept its budget on track in Q1
Agorasignificant revenue collection, with VAT revenues coming in 30 percent lower than those collected... not pay the property tax. In the absence of any ENFIA installment, the targeted revenues for March (2.79... but it is not clear when homeowners will start having to pay it. This means that compared to the 2015 budget
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Newsletter 34 - 10/07/2015
of taxpayers, following rumours that a haircut may be imposed on bank deposits, opted to pay... (MoM), also reflecting lower prices in May due to an interim sales period in the first ten days... that you have to plan your week around visits to the ATM. One visit may not be enough to pay a bill
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Committee of wise men proposes drastic changes to Greece's pension system
Economypercent for the journalists’ pension fund. The revenue decline reflects the lower number of insured... on individual notional accounts with pay-as-you go notional defined contributions. There would be also... into lifelong pension. The state subsidy would be limited only to periods during which someone is unable to pay
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Pension overhaul poses political challenge despite avoiding immediate cuts
PoliticsGreek Politicsand reductions in retirement pay for future generations. For New Democracy and PASOK in particular... to the retirement pay of those already collecting pensions. According to the coalition’s plan, main... to a lower replacement rate. Although Tsipras would benefit from reaching some consensus
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Revenues of 1 pct of GDP targeted from changes to income tax and solidarity levy
Economythe tax-free threshold, which they do not benefit from no either. This would lead to a lower tax burden... 20,000 euros. Those with annual income of 25,000 euros would have to pay additional taxes of 626 euros, which would be an increase of 15 percent on what they pay at the moment. For incomes of 35,000
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Greek government faces hard labour dilemma
PoliticsGreek Politics. That would bring in more collective layoffs at medium-sized and large firms, fewer specialised pay scale categories, and, crucially, limit union influence by changing funding rules. Pay scales would... lower wage rights for under 25s and allow strike-breaking salary rules normally considered taboo
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Bank of Greece study finds one in six local firms is strategic defaulter
EconomyMacroeconomybank and the sample was split in firms with high/low credit rating, entailing lower/higher... inability to pay. For the companies classified in the third category, the key criterion... their loans in one bank but did not pay their loan obligations to the other banks. The study revealed
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Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details
EconomyBanking. The qualitative characteristics revealed that the ‘unlikely to pay’ (performing or past due less than 90 days.... Around 77 percent of ‘unlikely to pay’ NPEs have been settled, while the respective figure for NPEs... performing exposures. The cure rate stood at 2.3 percent, slightly lower than the default rate of 2.3 percent
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