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  1. Rental subsidy rekindles political debate over housing crisis
    Photo by MacroPolis

    PoliticsGreek Politics

    that its previous subsidy schemes, My Home 1 & 2, failed. He also criticised the PM for failing... that the measure was not a “panacea” for the housing crisis, but was not insignificant either. The total... the My Home 2 scheme, also aimed at providing homeseekers with financial assistance. PASOK has

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  2. How Iran war is reshaping Greece’s economy

    EconomyFeatures

    . The closure of the Strait of Hormuz on 2 March 2026 remains the primary driver of global trade... to over $1 million per voyage. Economic pressure Greece’s energy profile remains highly sensitive to the current turmoil, with oil and oil products accounting for 51 pct of total energy supply. Greek

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  3. Who pays property tax and how much revealed by Greek authorities

    EconomyMacroeconomy

    of 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

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  4. General govt primary cash deficit of 1.85 bln in Apr as revenues decline
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    refunds (+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

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  5. What do EBA tests reveal, or fail to highlight, about Greek banks?
    Photo by Harry van Versendaal

    Economy

    half 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

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  6. The IMF crisis and how to solve it
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    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

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  7. Finance Ministry scrambles to correct property tax after error-strewn debut

    EconomyMacroeconomy

    raised 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

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  8. ECB stress tests and what they will mean for Greek banks
    Photo by MacroPolis

    Economy

    newspaper 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

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  9. Greece's extension proposals to the Eurogroup and what they mean
    Photo by Harry van Versendaal

    PoliticsGreek Politics

    there 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

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  10. A breakdown of the fiscal and structural reforms Greece hopes will unlock funding

    EconomyProgramme

    for 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

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