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Stock market slips 1.4 pct dragged by huge bank losses
Economyuntil December 1 to facilitate the reverse split process, while the resulting shares will resume trading on December 2. For the same reason, NBG stock will cease trading from December 30 until... to 300 million euros from November 30 until December 2 with the offer price set at 0.02 euros
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Mood sours as focus switches to next set of prior actions
PoliticsGreek Politicsto stay until Friday so the two sides can discuss the content of the upcoming legislation for the 13... may drag on until the summer. What really annoyed Athens, though, was a reference to an alleged... relief, though, cannot begin until the first review has been completed. Tsakalotos has indicated
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Newsletter 64 - 26/02/2016
largely alien to Greece until now. Prime Minister Alexis Tsipras described it as a Ku Klux Klan-type... of Europe as a result of the influx of thousands of people from Syria, Iraq and Afghanistan. Until now... things up. Until recently, the impact of the refugee crisis was largely felt on Greece’s fringes, its
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The refugee crisis and the beast within
Agoraplace in other European countries but this type of symbolism has been largely alien to Greece until... of thousands of people from Syria, Iraq and Afghanistan.** Until now, Greek society has largely..., while neo-Nazi Golden Dawn has also sensed an opportunity to stir things up. Until recently
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammeto be applied to all incomes. Until now, the whole tax break applies for annual income up to 21,000 euros..., with the lower rate of 22 percent to be applied for annual incomes up to 22,000. Until now, this rate...-residence housing NPLs was recently extended until April 15 through a legislative amendment.
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Gov't unveils bill to overhaul pension system, increase income tax revenues
EconomyProgrammefrom the beginning of June 2016 until the end of May 2019. A lower rise by a total of 0.5 points would be applied from the succeeding 3-year period until the end of May 2022. During a 4-year transitional period (until the end of 2020) a discount will be applied for the new contributions for the ex
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Ministry's actuarial study shows the devastating impact of the crisis on the pension system
Economyincreased retirement resulted in a notable rise in the number of pensioners. From 2000 until 2008... digit levels from 1980 until 2009. The wealth (cash reserves and bonds) of pension funds was reduced.... As a percentage of GDP, pension deficit exceeds 9 percent from 2015 until 2019 and is equivalent
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Eurozone sets out proposals for staggered debt relief for Greece
EconomyProgrammeby setting loan repayments as 1 percent of GDP until 2050 and linearly amortised after that A capping... of the 2 percent being deferred until 2050. The accumulated and capitalised deferred interest would... percent of GDP until late 2030s and below 20 percent afterwards. If, however, there is weaker growth
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammebacked by primary residences across all lending segments are protected until the end of 2017.... Contingency mechanism The legislation on the fiscal mechanism foresees that until May 10 of each..., a Presidential Decree is published until May 31 detailing the expenditure cuts related to the general
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Greek banks on cusp of improved liquidity conditions
Agoraon June 2, the ECB postponed that decision until all prior actions are implemented and the ESM... be reasonable to assume that ECB could delay its decision for a few months until there is more clarity... for the return of deposits. According to banking sources, this is not seen happening until towards
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