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Recent study issues warning over ageing population, future pension burden
Societyby Professor Savas Robolis and PhD student Vassilis Betsis, showed that an ageing workforce is set to throw... today to 1.4 million under an optimistic scenario and 1 million in an adverse scenario, by 2050... to retirees is 1.3 workers to 1 pensioner, with 3.6 million workers paying contributions to the pensions
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Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
EconomyProgrammearguments that the Greek government is hoping will help convince the institutions to allow the 1... a bond issue in the coming months. The issue looks set to be decided by November, before Athens has... budget due to be tabled to the House on October 1 will still contain plans for the pensions to be cut.
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Question mark over pension cuts in 2019 draft budget as Athens looks to lenders
EconomyProgrammeYork, that the 1 percent of GDP in pension spending reductions would not be included in the draft... that the final version of the economic plan can be readied in mid-November. Athens is set to include... workers and for there to be a 1 percent reduction on contributions for auxiliary pensions.
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Newsletter 177 -05/10/2018
was set,” added Centeno in reference to Athens agreeing to reduce pension spending by 1 percent of GDP... social spending, were due to be implemented in just 2019 and 2020, balancing for the 1 percent
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Newsletter 179 -19/10/2018
of so-called “secret funds” by some ministries. These are funds that are set aside for use... pension cuts of 1 percent in GDP. One of the two scenarios in the economic plan – the one... of the differences between the draft budget tabled in Greek Parliament on October 1 and the plan sent
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBanking(APS), which will use state guarantees. The set-up is described as being similar to the scheme..., approximately 1 billion will appear on the bank's balance sheet. The sale is part of Eurobank's plan to reduce... for the sale of the portfolios which are collateralised against real estate with an on-book value of 1
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Newsletter 183 -16/11/2018
of GDP primary surplus target in 2019 even if does not go ahead with the 1 percent of GDP reduction... Protection Scheme (APS), which will use state guarantees. The set-up is described as being similar..., apartment prices rose by 1 percent, gaining slightly on the previous quarter-on-quarter rise of 0.8
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Newsletter 184 -23/11/2018
on Wednesday, did not include the 1 percent of GDP reduction in pension spending agreed in 2017, nor... for 2019 without 1 percent of GDP in pension cuts and several other crowd-pleasing measures ahead... on track with its economic goals and forecasts. Greece seems set to beat last year’s tourism arrival
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingloans, with NPE formation of -3 million. A rise of 1 million had been noted in Q3. NPL formation also... with Grivalia is set to leave Eurobank with the highest total capital ratio in Greece. P&L NII rose... 109.6 percent in 2017. Capital The phased-in Common Equity Tier 1 (CET1) ratio increased to 16.2 percent
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Athens waits for green light from Eurogroup so it can settle IMF loans early
EconomyProgrammedays as Athens looks to secure the disbursement of nearly 1 billion euros from the Eurogroup on April... framework, reports suggested. The lower ceilings set on business loans mean it is estimated that no more than 10,000 loans in this category will qualify, representing 1 billion euros of debt, To Vima
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