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  1. Piraeus Bank reveals mitigating actions aimed at reducing size of capital increase
    Photo by MacroPolis

    EconomyBanking

    scenario, stemming from additional Deferred Tax Assets (DTAs). 3) Asset disposals including the sale... to the preliminary results submitted to the SSM. 6) Lower charges by 81 million euros for the derivative exposures

    13%

  2. Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln

    EconomyMacroeconomy

    an annual target of 446 million) 3) Grants to hospitals (at 37.9 percent of the FY target of 1.16... million) 6) Other social protection income support (at 36.6 percent of the full year target of 130

    13%

  3. Greece receives list of milestones for next bailout sub-tranche

    EconomyProgramme

    for combating fuel smuggling and VAT carousel fraud. 3) Issue a ministerial decree for the application... legislation for the household insolvency. 6) Settlement of non-performing loans (NPLs) including the legal

    13%

  4. BoG report highlights need for programme implementation, political consensus
    Photo by MacroPolis

    Economy

    to improve the business environment and competitiveness. 3) Actions to boost job creation and reduce... by modernising the tax administration that would help curbing tax evasion and corruption 6) Enhancing

    13%

  5. Greek teachers low paid, but work shorter hours in smaller classes
    Photo by srgpicker via Flickr https://flic.kr/p/3zZRnQ

    Society

    . At the secondary level, teachers are required to teach 21 class sessions per week. After 6 years, this drops to 19... teachers aged 50 or older climbed by 3 percentage points on average among countries with comparable

    13%

  6. Notable increase in grants to social security sector leads to budget primary deficit in Nov

    Economy

    billion) 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

    13%

  7. Greece stands on fault line between vicious and virtuous cycles for 2016

    Agora

    interest bill is below 6 billion. In total, Greece needs 13.2 billion euros to meet all its debt... surplus leads to a net financing need of 3 billion. The most probable source of funding while

    13%

  8. Gov't submits reform plan that raises contributions and cuts future pensions

    EconomyProgramme

    result in much higher SSCs for farmers and self-employed. 3) The (new) main pension will comprise... and at 46.7 percent for 40 working years. 6) The overall main pension replacement rate also takes

    13%

  9. Gov't hits back as pension reform row heats up
    Photo by MacroPolis

    EconomyProgramme

    to 178 billion euros in 2014 from its 2010 level of 227 billion. 3) The previous pension law explicitly... stresses that current pensions will not be reduced even after the end of the bailout programme in 2018. 6

    13%

  10. The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
    Photo via Greek Finance Ministry

    EconomyProgramme

    it would be paid within 2016 upon the submission of the 2015 income tax declaration. 3) Higher... (150 million). 6) Increase in the tax rates on income from rents (142 million). Specifically

    13%