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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammeofficial data provided by the Labour Ministry for May, the monthly cost for the total of 2.66.... These pensioners receive a total of 2.91 million main pensions with a monthly cost of 2.07 billion, implying an average main pension at 714 euros. In addition, pensioners receive a total of 1.65 million
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Average wealth in Greece down by 17.1 pct since last year
Societya share of 47.2 percent of adults and 53.6 percent of wealth in 2015. The country’s total wealth stood... percent. The breakdown showed 1.8 million Greek adults (19.7 percent of total) had a wealth below... with total wealth above the 1-million-dollar mark. One-third of wealth in Greece relates to financial assets
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NBG strengthens capital at deep discount, falls short of initial target
Agora. The bank said it has raised a total of 1.17 billion euros so far, including the outcome... billion. Since the bank aims for state aid to cover its total capital needs, the remaining bonds from... and including the burden sharing measures (bail-in), NBG would strengthen its capital by a total of 1.77
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Central gov’t debt rises to 314.6 bln in Q3 on eurozone tranche and GGB redemptions
Economy. In addition, GGBs now account for 19 percent of total debt in Q3 down for 21.2 percent in Q2. GGBs held... stable QoQ at 14.92 billion, making up 4.7 percent of total, while repos fell to 9.81 billion (3.1 percent of total). In addition, the Bank of Greece holds loans of 3.79 billion. Special purpose
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Deposit flow remains negative for the second straight month with outflows of 390 mln in November
EconomyMacroeconomyentered into a period of political instability, display total outflows reached 44.48 billion over this period. Total deposits - which also incorporate general government (gg) as well as euro and non-euro... in October. On top of private sector, the total deposit negative flow includes gg inflows of 1.15 billion
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Is Regling right to be concerned about Greek liquidity?
AgoraStrategy that will set out the coming years’ austerity measures. The total figure of IMF obligations... billion euros. The total figure for the first two months of the year is approximately 1.7 billion euros. March interest obligations stand at 750 million, bringing the total quarterly interest bill close
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General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
EconomyMacroeconomythan half of total arrears. Arrears to hospitals increased by 324 million euros to 931 million in 2015 making up 17.3 percent of total. State budget arrears recorded the first largest increase by 294 million to 451 million at the end of December accounting for 8.4 percent of total. The other three sub
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Negative deposit flow of 1.12 bln in Jan
EconomyMacroeconomyDecember 2014, when the country entered into a period of political and economic turmoil, total outflows have reached almost 43 billion. Total deposits - which also include general government (gg) as well... of 2.61 billion in December. The absolute figure displayed total deposits landed at 138.54 billion
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Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln
Economyalmost 69 percent of total central government debt. On top of bilateral (52.9 billion) and EFSF... unchanged at 14.88 billion making up 4.6 percent of total, while repos edged up to 10 billion... to 7.42 billion at the end of Q4. Within Q4, EIB issued 3 bonds with a 15-16 year tenor for a total
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Asking Greece to stack more austerity measures ignores past failings
AgoraStability and Growth Pact, that included a total of roughly 9.4 billion euros of savings and revenue... of measures by the end of the year on top the existing interventions. (Table 5). That brings the total... also a deterioration in tax compliance.” The measures in 2011 reached a total of almost 17 billion
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