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Lenders appear at ease with Tsipras pledges, cautious on pension cuts
EconomyProgrammeservices, as well as other civil servants would receive before the end of the year around 1 billion... contributions for the self-employed from 20 percent to 13.3 percent (in line with salaried workers), a cap... rate dropping 1 percentage point from 13 percent to 12. There was no immediate negative reaction from
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Lenders set to keep coalition waiting for answer on pension cuts
PoliticsGreek Politicsthe draft budget, which the Greek government is due to table in Parliament on October 1 and then send... about whether the 1 percent of GDP reduction in pension spending is still needed or not. The European... eurozone peers when he attends the next Eurogroup on October 1, which coincides with the tabling
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Newsletter 178 -12/10/2018
substantially from a previous 1 percent to 2.5 percent. However, the Fund revise downward its GDP growth... under 20 percent. During the month, employment fell by 32,616 people month-on-month, or a fall of 0.8... Consumer Price Index (CPI) rose by 1.1 percent in September after an increase of 1 percent in August
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Backpay for civil servants gets "positive" measures rolling for government
Economyby a third, from 20 percent of income to 13.3 percent. According to Naftemporiki daily, the change will lead... of the reduction, which will start from January 1. Government spokesman Dimitris Tzanakopoulos indicated during... of the corporate tax rate. The latter is due to come down from 29 to 28 percent next year and then by 1
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Tsipras talks up 'positive' measures but polls show little impact so far
PoliticsGreek Politicsthat Athens had succeeded in cancelling the 1 percent reduction in pension spending, which was due... reduced next year, around 500,000 pensioners would see their retirement pay increase by some 20 euros... of SYRIZA (30.5 percent vs 21.5 percent), which means the gap between the two has narrowed by just 1
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Mitsotakis vows to push on with tax cuts despite fiscal concerns
PoliticsGreek Politicscorporate tax from the current 28 percent to 20 percent. It has also pledged to implement an across... the first hirings (1,500 people) would be made in the police force, adding that the 1:5 ratio may... that it would reach the 1:1 ratio the government has been implementing since the start of the year. Justice
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Newsletter 216 -26/07/2019
percent for properties worth 60,000 to 70,000 euros, 25 percent for properties worth 70,000 to 80,000, 20 percent for properties ranging from 80,000 to 1 million, which relates to 1.5 million middle class taxpayers, and 10 percent for the 14,706 people who own property worth more than 1 million euros
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Newsletter 249 -08/05/2020
every 1 to 2 weeks. As things stand, Greeks are not able to leave their regions but the government aims... to and from the Greek islands. This is due to happen on June 1. Speaking on CNN on Monday, Prime Minister... that the government hopes the conditions would be right for Greek tourism to begin to open up from July 1. Mitsotakis
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ND feeling fiscal pressure as row over media handouts rumbles on
PoliticsGreek Politics. Meanwhile, a row continues to rage over New Democracy’s decision to share out 20 million euros among... for the property tax reduction and 1 billion to reduce social insurance contributions. However... surplus of 1 to 1.5 pct of GDP. Also, the pan-EU Recovery and Resilience Fund proposed by the European
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Eurobank net results show loss of 1.08 bln in 9M
EconomyBanking2019. P&L NII fell by 1 percent YoY to 1.02 billion in 9M, and fell by 5.2 percent QoQ to 331... in 9M dropped by 20 basis points YoY to 2.05 percent. Net fee and commission income rose by 10.1... period from 87.3 percent in 9M 2019. Capital The phased-in Common Equity Tier 1 (CET1) ratio came
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