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Where we stand in the Greek bank recapitalisation process
Economyof up to 15 billion euros, almost equally split among the baseline and adverse scenarios. Recent... a formal decision. The remaining 15 billion could be disbursed after the first programme review and, according to the August Eurogroup statement, “no later than 15 November”. Since capital needs
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Newsletter 45 - 02/10/2015
needs to be submitted to the European Commission by 15 October and it remains unclear whether the key... bank recapitalisation tranche of 15 billion “can be made available after the first review and no later than 15 November”. Although current estimates point to a lower level of official sector
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Multi-bill tabled in Parliament, paves way for sale of NPLs
EconomyProgrammesession is scheduled for Tuesday, December 15. Its approval by Parliament will pave the way... and mortgages for homes that are not primary residences until February 15, 2016. This means that the issue... from resolved banks have been undertaken by the Bank of Greece (BoG). Until February 15, a total
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Newsletter 61 - 05/02/2016
national pension of 384 euros. The government aims this to be granted after 15 working years without... last August, led the commission to cut its debt-to-GDP ratio forecasts by around 15 pp. As a result... orders also declined in January but at the slowest rate over the past 15 months. While employee
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammeto be granted after 20 working years with income criteria vis-a-vis the government plan for 15 working years... (primary-home mortgages, consumer and SME NPLs) was initially due by February 15 but this deadline was recently extended by one month until March 15. The terms and conditions for the potential sale
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Greek teenagers' behaviour charted
SocietyOf the one in four Greeks teenagers aged 15 who say they have had sexual intercourse, most say..., the percentage of 15 year olds claiming to have had sexual intercourse increased from 21.3 percent... 15. One in five said they had sex at the age of 14 and one in 10 at the age of 13. The survey also
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Greece and lenders hold inconclusive talks on tax and pensions
EconomyProgrammescenarios. The first foresees an increase in the tax rate to 15 percent this year and to 26 percent...) to be granted after 20 working years. This means that if the government insists on its initial proposal for 15... (15/20) for those with 15 working years. 2) On pension replacement rates, the mission chiefs
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Revenues of 1 pct of GDP targeted from changes to income tax and solidarity levy
Economy, which would be an increase of 15 percent on what they pay at the moment. For incomes of 35,000... MoU calls for increases of 4 percentage points (pp) to 15 percent for incomes up to 12,000 euros... proposed an increase in the rate on dividends from 10 to 15 percent. Overall, the tax overhaul
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Study highlights overregulation and bad law-making in recent years
SocietyIn the last 15 years, Greece has passed 36 tax laws, as well as 108 temporary provisions and 238... in order to quantify the laws, decrees and other regulations relating to taxation during that 15... in the last 15 years, during which 3,452 presidential decrees were also issued. This entire legislative
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Three-quarters of Greek workforce struggles to make ends meet
Societyworkers said they had taken between one and 15 days’ sick leave, followed by Danish (55 percent... said this was the case, compared to the EU average of 15 percent. Greeks were top of the table... compared to 24 percent), low temperatures (30 compared to 21 percent) or tobacco smoke (15 compared to 9
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