Search
-
Who pays property tax and how much revealed by Greek authorities
EconomyMacroeconomyof the total or 2 million individuals declare one property right, 1.39 million two rights... into who paid the levy. The total ENFIA due in 2016 amounts to 3.18 billion euros and stands 2.2...) of 2016 ENFIA stems from 7.37 million individuals that would have to pay a total amount of 2.71
23% -
General govt primary cash deficit of 1.85 bln in Apr as revenues decline
EconomyMacroeconomyrefunds (+16 million) and SSfs (+2 million). Since the start of the year, total arrears have fallen... up 69 percent of the total. A very slight rise of 2 million euros was noted in Bank of Greece funding... euros, bringing the total figure to a deficit of 278 million euros. The equivalent figure
23% -
What do EBA tests reveal, or fail to highlight, about Greek banks?
Economyhalf results in August. In particular, Alpha EBA Core Tier 1 (CT1) ratio was disclosed by EBA... percent of CT1) of the total PSI-related DTA, while CRD3 rules allow full recognition. This explains... recently initiated a share capital increase process to raise 2 billion euros through a marketed equity
23% -
The IMF crisis and how to solve it
Agora-boggling 22% in just 18 months (yes, over 1 percent a month). Greece has endured the largest... and policy decisions. There are numerous other examples of inadequate explanations, including: (1...; (2) implicitly supporting the view that the Greek debt buyback would make debt sustainable when
23% -
Finance Ministry scrambles to correct property tax after error-strewn debut
EconomyMacroeconomyraised annual revenues of around 2 billion euros. The nominal revenues from ENFIA were estimated at 3.2... on August 1. The first warning sign that something was not quite right came on August 1, when MoF... percent of the total 6.15 million) paying more than 500 euros. Taking into account that each household
23% -
ECB stress tests and what they will mean for Greek banks
Economynewspaper indicated on Saturday that Greek banks total capital shortfall may end up well below 1 billion... provisions. A capital benchmark of Common Equity Tier 1 (CET1) of 8 percent was set for this pillar... whether the ECB and EBA will incorporate the full capital benefit (estimated to be close to 2 billion
23% -
Greece's extension proposals to the Eurogroup and what they mean
PoliticsGreek Politicsthere are seven reasons for the 6-month extension: 1) “To agree the mutually acceptable financial... impact of the crisis at a cost of 1.86 billion euros. But this is not explicitly stated 2... billion of state-guaranteed collaterals would be, in any case, non-ECB eligible as of March 1
23% -
A breakdown of the fiscal and structural reforms Greece hopes will unlock funding
EconomyProgrammefor pensioners who receive the Social Solidarity Allowance (EKAS) (cost of 82 million) with a total negative fiscal impact of around 1 billion. Privatisations We believe the Finance Ministry has revised... to submit eight bills introducing structural reforms in the following areas: 1) Strengthening the autonomy
23% -
Greek banks’ loan quality is deteriorating
Economyquality accelerated markedly in the first quarter of this year. Local media claimed that around 2... euro2day.gr reported that an additional 1 billion euros in NPLs was created in March. If confirmed, this 3 billion increase in NPL stock is equivalent to the total in NPLs that were added throughout the whole
23% -
Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammerates. We present below the key interventions of the government’s 170-page final plan: 1... Retirement fund (NAT) will remain autonomous for their non-pension activities. 2) Unified methodology... earnings of each employee for the total number of working years after applying a progressive
23%