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In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented
EconomyProgramme: Scenario (B) assumes lower GDP growth by 0.25 pp per annum between 2019-2030, primary surplus to start... official funding and clearing arrears expected at 4 billion euros by the end of the year
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomypoint per annum and land at 23.5 percent in 2016 and further to 22.4 percent in 2017. Moreover... arrears) have been cleared in this 2-month period. Subject to regular funding for arrears clearance
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How Greece's political system failed to safeguard the largest investment in the country's history
Agoraand also holds 4.07 billion of NBG and Piraeus CoCos bearing a return of 8 percent per annum... contributed 13.5 billion euros to cover the funding gap of banks under liquidation. The bulk
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IMF's role in Greek bailout remains in doubt
EconomyProgrammeof GDP per annum, while the Greek pension system deficit stands at 10-11 percent of GDP. On income tax... accept a special advisory status with limited powers rather than participating with funding in a new
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Greek government faces hard labour dilemma
PoliticsGreek Politicsworkers now take home 340 euros per month or less, nearly all on involuntary part time employment... scale categories, and, crucially, limit union influence by changing funding rules. Pay scales would
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HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
EconomyBankingof 8 percent per annum for the first seven years. The statement of comprehensive income displayed... the funding gap of the twelve (non-core) banks under liquidation. Of this figure, HFSF estimates
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Newsletter 117 - 05/05/2017
), we can conclude that for every 3.17 billion of taxes collected per month this year, there is 759... involve increasing housing benefits, family allowances and nurseries; funding school meals
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Athens goes over energy plans, eyes enhanced role
PoliticsForeign Policyto 20 billion cubic metres per year in order to allow the transportation of multiple sources of gas... cooperations with Cyprus, Egypt and Israel to be of great importance. - The third in row “energy funding
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Refugee returns to resume despite concerns over rights and conditions
Societyas of August 8, 11,919 of which arrived in Greece at an average rate of 65 people per day in July. As of July... recently that it would be cutting emergency funding to Greece in a move that was widely condemned
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Newsletter 132
million. The average expenditure per trip went down by 4.5 percent to 552.4 euros from the figure... to provide further funding to Greece after the third programme ends in August 2018 and that Athens itself
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