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Greek government commits to new fiscal measures for third bailout
EconomyMacroeconomyfor 2016-19. Among others, the latter will include: 1) The second phase of pension reforms 2) Reform... of relevant frequencies 6) Extension of taxation on Video Lottery Machines (VLTs) gross gaming revenues
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomyby 2.83 billion. This is mainly attributed to: 1) SMP and ANFA income of 1.46 billion... at 1.55 billion euros, 317 million below target. As a result, net revenues fell by 6 percent – lower
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Lafazanis out of blocks early, announces anti-bailout party ahead of bailout vote
PoliticsGreek Politicsthat between 30 and 40 MPs will vote against or abstain during the ballot. Last month, 32 voted against, 6 abstained and 1 was absent in the first vote on prior actions, while there were 31 Nos and 5
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Tsipras confounds expectations, creates new doubts by reviving coalition
PoliticsGreek Politicsdifference was a surprise, as was the fact that SYRIZA saw its January support drop by less than 1... for centrist party To Potami, which saw its support drop from 6 percent in January to 4.1 percent
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ECB sees Greek banks' total capital needs at 14.4 bln, recap plans to come
Economyscenario. The ECB also disclosed for the first time the Common Equity Tier 1 (CET1) hurdle rates, which... collateral values and cash flow valuations. Greek banks are now required to submit by November 6
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Newsletter 50 - 06/11/2015
) for the remaining 75 percent. CoCos, which qualify as Common Equity Tier 1 (CET1) capital pari passu... that Athens has received less than 6 million euros this year to tackle the refugee crisis
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Greek stocks edge up in week of big losses for banks
EconomyThe domestic market rebounded by 1 percent this week but the key development was the huge losses posted by the banking sector. Despite the announcement of the successful completion... session. Note, though, that since the beginning of the month, the Greek market has posted losses of 6
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BoG report highlights need for programme implementation, political consensus
Economyinvolve: 1) Addressing the issue of NPLs that would ease the burden on cooperative borrowers and enable... by modernising the tax administration that would help curbing tax evasion and corruption 6) Enhancing
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Greek teachers low paid, but work shorter hours in smaller classes
Society. At the secondary level, teachers are required to teach 21 class sessions per week. After 6 years, this drops to 19...’s primary teachers are aged 50 and over while less than 1 percent are under 30. Only Italy had
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Primary cash surplus notably widens by 1.9 bln to 4.48 bln by November
EconomyMacroeconomypayments rose by 6 percent to 5.8 billion, while Public Investment Budget showed a surplus of 212 million from deficit of 1 billion last year.
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