Search
-
Greece reignites energy alliance talks with Israel and Cyprus amid US interest
PoliticsForeign Policycountries are due to meet in Athens under the “3+1” format, with the participation of their American... Cooperation (P-TEC) conference, hosted by Greece on 6–7 November, with more than 400 participants... time, it is seeking to convince Washington to reactivate the “3+1” energy partnership at the foreign
14% -
Finance Ministry targets 3 bln from unpaid taxes
EconomyMacroeconomypercent of total. The upper bracket, related to tax debt in excess of 1 million euros relates to 2,500... previously expected that more than 20 billion of unpaid taxes will be incorporated in the new... for the 100 instalments. Also, the cap on anyone owing more than 1 million euros benefitting from the payment
14% -
DTA may spell new trouble for Greek banks
Agoracapital) times year’s loss. As an example, if a bank reports a pre-tax loss of 1 billion euros and has a capital base of 10 billion of which 2 billion or 20 percent stems from DTC, then the bank will proceed with a capital increase of 200 million (20 percent of loss) that would be fully covered
14% -
The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammeof 1 percent this year and 3.5 percent in 2020 and 2022. Under scenario A, with nominal GDP growth... tranches between end June and end October. 1) The first tranche involves 1.8 billion euros in 2014... (redemption of GGBs held by the ECB of 3.5 billion due on July 20) and the remaining 500 million would
14% -
General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomyrecorded a marked rise of 572 million YtD to 1.18 billion and make up more than 20 percent of total... to 13.6 percent of total. Around 1 billion from the first sub-tranche of 13 billion Greece received on August 20 is due to cover arrears’ payments. In an interview with To Vima on Sunday, the caretaker
14% -
Greece and lenders hold inconclusive talks on tax and pensions
EconomyProgrammeafter three or five years. The bailout commitment calls for a rise in farmers’ tax rate to 20 percent... anything yet.” This confirms the significant gaps that still exist between the two sides and relate to: 1...) to be granted after 20 working years. This means that if the government insists on its initial proposal for 15
14% -
IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammeby 4 bps for every 1 percentage point decline or rise in the debt ratio, but in any case... GFN to GDP is expected under 10 percent until 2023 and 20 percent until 2040 increasing to 24... on ESM loans to 17 and 20 years for EFSF and Greek Loan Facility (GLF) loans. The second measure relates
14% -
Lenders make proposal to Athens but no immediate breakthrough expected
PoliticsGreek Politicson Friday but it seems unlikely that an agreement will be reached by the Eurogroup on February 20... should pass 1 percent of GDP in new measures (1.8 billion euros) now and another 1 percent should... finance minister noted that the February 20 Eurogroup would simply “take stock” of the review’s
14% -
The gruelling final straight of Greece's bailout
Agora(to the extent this is possible) before it expires on August 20. The problem with the debate about whether...-programme surveillance to be taken by the June 20 Eurogroup. There are, therefore, two distinct... for incomes (worth an amount equal to 1 percent of GDP) has to be implemented in 2019, rather than 2020
14% -
Banks focus on defining challenge of reducing NPEs
EconomyBankingthe NPE balance to under 20 billion euros by 2020, and the NPL balance to under 10 billion euros..., totalling roughly 1 billion euros, which are collateralised. This would bring the total sales... and Piraeus expects to receive in the region of 400 million, which represents 20 percent of the value
14%