Search
-
Where things stand on the Greek pension reform proposals
EconomyProgrammechanges that were included in the proposed pension system overhaul included: 1) Consolidation... for a 3-year period by a total of 1.5 percentage points (pp), 1 pp for employers and 0.5 pp for employees... rate. 5) Recalculation of the currently paid pensions based on the new rules, yet in case the new
8% -
Greek banks on cusp of improved liquidity conditions
Agoralines stemming from the 1 billion deposit return. In case deposits worth 5 billion euros return... would no longer be eligible as collateral for ECB funding from March 1, 2015. This means..., for each 1 billion euros of deposits that is returned to the banking system, Greek banks can redeem
8% -
Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomythe anticipated import rise of 3.3 percent. The unemployment rate is projected to slip by more than 1 percentage... by 0.6 percent in 2017. It is worth noting that nominal GDP is seen at 176.2 billion euros in 2016, 1... revenues. The most significant revenue interventions in 2017 involve: 1) Income tax reform (772 million) 2
8% -
Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingguarantee (pillar II) expenses. Operating expenses fell 1 percent QoQ to 247.3 million in Q3, while... total costs to stand below 1 billion for the whole year, from 750 million in the 9-month period. Over... for a gradual and progressive drop in the cost of risk to 1 percent in 2019. Eurosystem funding
8% -
Newsletter 217 -02/08/2019
from 5 percent to 3 percent. Furthermore, businesses that owe up to 1 million euros (the original debt... for those on lower incomes and the middle class.” He said that those owning properties worth more than 1... issue 26-week T-bills just short of 1 percent with the eight issues of this duration over the year
8% -
Lockdown reduced spread of Covid-19 by 80 pct, research indicates
Society. The R number is considered important by epidemiologists because once the number rises above 1, it is considered that there is a risk of an epidemic. When the R number remains under 1, the risk... estimated that the impact of the lockdown was so extensive that it would have reduced the R number to 1
8% -
Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBanking) in H1 came to 727 million, up by 1 percent YoY, mainly on the back of improving funding costs... million euros. In Q2, operating expenses came to 255 million, down by 14 percent YoY and 1 percent... with the 5 billion new loan origination target for 2020. The group’s net loan-to-deposit ratio further
8% -
Newsletter 335 - 15/04/2022
on its own, and with roughly 5 billion euros of interest payments annually, and with the economy... taxes were rising by a rate of 1 billion euros monthly. It was always a concern that households.... Health Minister Thanos Plevris announced that from May 1 vaccination certificates will not be needed
8% -
Reflections on Greece's balance of payments
Agoraof payments.[1] We can also say that Y - C = S: income minus consumption equals “savings” in the economy... to the balance of payments. This institution was called the “International Monetary Fund.” Figure 1 below... external current account adjust? In about 5 years, the current account adjusted by almost 16 percent
8% -
Newsletter 364 - 23/12/2022
SYRIZA by almost 2:1. The findings suggest that despite the derision heaped on the support measures... in its latest report a “soft landing”, with the growth rate somewhere between 1 and 1.5 pct, from... sees growth even lower to 1 pct, while inflation is also seen persisting into 2023 at 6 pct. In its
8%