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  1. Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln

    EconomyMacroeconomy

    Employment Agency (at 42.7 percent of the FY target of 750 million) 2) Other SSFs expenditure (at zero versus... of the sub-tranche of 2 billion on November 24 is expected to improve the state’s liquidity and according

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  2. Management of NPLs to test gov't in negotiations with lenders
    Photo by MacroPolis

    Economy

    ) Initiation of the preparatory work to update and amend the out-of-court resolution law. 2) Proposal... of September, meaning a rise by 2 percentage points in the third quarter close similar to the asset quality

    19%

  3. Greece concludes regional airports deal, more privatisations lie ahead
    Photo by MacroPolis

    Economy

    budget, the Finance Ministry indicated privatisation revenues of 2 billion euros for 2016, lower... summer, the IMF estimated Greece could collect privatisation proceeds of 2 billion.

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  4. Gov't postpones discussion on parallel programme ahead of tranche approval
    Photo by MacroPolis

    Economy

    interventions such as: 1) Establishment of poor citizens’ bureaus. 2) Health support for uninsured... of supplementary staff of Social Welfare Centers (2 million). For most of the other measures, GAO report

    19%

  5. Coalition poised to unveil pension reform proposals, hoping to avoid cuts
    Photo by MacroPolis

    EconomyProgramme

    and granting of pensions. 2) The final pension amount will be made up by the national and the main... the amount that around 2 million people in the public and private sectors contribute to the social security

    19%

  6. Newsletter 58 - 15/01/2016

    Newsletters

    for main pensions, which would increase to 3.7 billion, or 2 percent of GDP, if the court’s decision... lower than in 2014. 2 Syriza's slow march The lack of strategic planning and clear thinking could bite

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  7. Where things stand on the Greek pension reform proposals
    Photo by MacroPolis

    EconomyProgramme

    of the four main pension funds into the Social Insurance Institute (IKA). 2) Unified methodology for social... for the self-employed. Also, the International Monetary Fund sees a fiscal gap up to 2 percent of GDP (3.7

    19%

  8. Time deposit rate almost stable in December, average loan rate rises 17 bps

    EconomyMacroeconomy

    , the weighted average rate on total new deposits eased further by 2 bps to a new low of 0.56 percent in December mainly driven by a 2 bps drop in corporate overnight rate. Loans The most notable rate changes

    19%

  9. Greek pensions: The unsolvable equation
    Photo by Ivan T https://flic.kr/p/e6FhzZ

    Agora

    in 2010, the equivalent of 2 percent of that year’s GDP. Contributions evaporate By design, the Greek... in 2016. Spending on welfare has been almost halved from 4.2 billion euros in 2011, 2 billion of which... took a major hit not only as a result of people dropping out the labour force en masse but also due

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  10. Newsletter 62 - 12/02/2016

    Newsletters

    at an accelerating pace of 5.2 percent in December from an upward revised 2 percent in November. December’s... is the highest since January 2007. 2 A rock and a hard place PM can no longer charm his way out

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