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Bill for out-of-court workout ready but may need tweaks
EconomyProgrammeThe Development Ministry has tabled for public consultation until March 3 the draft law on the out.... The institutions have prefer to include debt created until the end of June 2016. In addition, the government... euros created until the end of 2015, 34.8 billion are overdue taxes of corporates. Meanwhile
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Greece forced to revisit prickly subject of pension spending to conclude review
EconomyProgrammepensions will have to be recalibrated according to the new rules until the end of September 2017...) will be frozen until this gap is eliminated through the effect of inflation and GDP growth... lines for the government until recently. The second measure proposed by the IMF relates to a review
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Newsletter 108 - 24/02/2017
and cut existing pensions when, until recently, it had promised it would not do so. The government’s...) unemployment hovered between 50 and 55 percent from 1995 until 2007 before falling to a low of 40.4 percent... that the government would have to transgress the two most prominent red lines it maintained until recently. 2 Current
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Greece and creditors dive into details of measures and counter-measures
EconomyProgrammeand implemented until 2020. According to government sources, some of its proposals were broadly... threshold and would like the cut in pensions to be implemented gradually until 2025. Finance Ministry... the general government outcome until the end of November 2016. The government expects the primary
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Newsletter 109 - 03/03/2017
deal with the institutions is reached. Until Thursday, the coalition had been vague about... reached 7.7 billion from July 2015 until December 2016. In addition, the repatriation of funds invested in foreign securities from July 2015 until November 2016 stood at 3.1 billion, while
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Global deal in April ruled out as labour reforms prove biggest obstacle
EconomyProgrammea comprehensive agreement could be clinched until April 7, when finance ministers are due to meet... that if not enough progress has been made until the April 7 Eurogroup, negotiations could be delayed until the next scheduled meeting of finance ministers on May 22. The eurozone official said
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Tsipras fails to halt strike as domestic political battle heats up
PoliticsGreek Politicsas the action is due to continue at least until Thursday, forming a new front between SYRIZA and New Democracy... the contract workers in the sanitation departments to remain in their jobs until next February... to the permanent hirings, POE-OTA decided on Tuesday afternoon to continue its prostest at least until Thursday
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBankingreduction target until Q1 by around 300 million and missed the respective NPL target by 600 million... 2017 until December 2019. This is expected to be driven by write-offs (5.9 billion), restructurings... thereafter until late August to 13.7 billion. The latter almost fully reflects a decline
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Coalition bolsters unity in face of opposition pressure
PoliticsGreek Politicsin office either until the end of the government’s four-year term in September 2019 or until.... The meeting, though, was postponed until next week, prompting reaction from the prime minister’s
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Greek households switch to natural gas in record numbers as winter approaches
EconomyFeaturesin uptake. Heating oil dominated the domestic heating market in Greek cities until a major infrastructure... from Russia, and 25 percent comes in the form of liquefied natural gas (LNG). DEPA was until recently... in the market, 28 new companies have been licensed to act as gas suppliers, a role fulfilled until now only
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