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  1. Newsletter 35 - 17/07/2015

    Newsletters

    of this amount includes: 1. Amortisation of SMP and ANFA bonds held by the Eurosystem (12.7 billion); 2... several payments to the private sector, where arrears have increased to 7 billion, which the commission... the beginning of 2014. 2 Back to business as abnormal A look at what's ahead for Greece's banking sector

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  2. Draft bill sees millions in savings and revenues from variety of bailout interventions

    EconomyProgramme

    . 2) The rise in the advance payment of tax for farmers (from 27.5 percent to 55 percent) and self... basis from the abolition of certain taxes and contributions. 5) The abolition of the 2 percent... owners who fail to pass their cars or motorbikes through road worthiness tests (KTEO). 7) The reduction

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  3. Newsletter 42 - 11/09/2015

    Newsletters

    shortfall of 7–8 billion under the baseline scenario and a similar amount under the adverse scenario... with the conservatives, SYRIZA will be searching for a minimum victory over New Democracy of about 2 percentage... lowest reading this year. 2 Looking in from the outside External observers wisely avoid misguided

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  4. Unemployment rate eases to 24.6 pct in Q2 as number of employed jumps
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    (around 2 pp) to 21.5 and 28.3 percent respectively. The latter remains steadily almost 7 pp higher... improved by 2 pp over the Q2 2014 rate of 26.6 percent. This reflects a rise in the number of employed

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  5. Pension reform to be one of new government's toughest challenges in next weeks
    Photo by MacroPolis

    EconomyProgramme

    in an annual increase in revenues by 854 million euros (0.5 percent of GDP). 2) Gradual elimination... the restoration of basic and supplementary pensions to their 2012 levels. 2) The gradual phase-out... and benefit payment procedures across all funds. 7) Gradual harmonization of the pension benefit

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  6. Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead

    EconomyMacroeconomy

    contributions for main pensions (531 million) and supplementary pensions (183 million) 2) Reduction... percent discount in VAT on islands (2.2 billion) 2) Increase in the solidarity levy rates (390...) 7) Increase in the tax on insurance fees (106 million) 8) Introduction of tax on television

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  7. Newsletter 49 - 30/10/2015

    Newsletters

    of 2 billion euros. A few days later, on October 27, the government’s council for economic policy..., while the government aims to protect 7 out of 10 mortgage holders in arrears. The second key... in September. October’s rise took the index to -59.6. Overall,ESI is down 12.6 points this year. 2

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  8. The key points in Greece's new bank recap bill
    Bank of Greece

    Economy

    of Greece (BoG) following the submission of an updated restructuring plan. 2) The updated... is allocated among preference shares and other Core Tier 1 (CET1) instruments, Tier 1 instruments, Tier 2... firms. 7) Banks may recognise Deferred Tax Asset (DTA) for credit risk until the end of June 2015

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  9. Greece gets tranche and looks ahead to next tasks, including pensions and NPLs

    EconomyProgramme

    -tranche of 2 billion euros to Greece after the completion of the first set of milestones as well... of competition and prospects for investment. 2) Design of the New Organisation of Markets in Electricity (NOME... for the claw back on hospitals. 7) Review and limit the prices of private diagnostic tests. 8

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  10. Gov't postpones discussion on parallel programme ahead of tranche approval
    Photo by MacroPolis

    Economy

    January 7. Earlier on Thursday, Deputy Prime Minister Yiannis Dragassakis said in an interview... interventions such as: 1) Establishment of poor citizens’ bureaus. 2) Health support for uninsured... of supplementary staff of Social Welfare Centers (2 million). For most of the other measures, GAO report

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