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Newsletter 162 -18/05/2018
for RES by 2.5 GW until 2030. Bad debts have also been a long-standing problem for the company... to 9 times higher than earnings, while the average for the other companies assessed is around 3.5... expenditure came to 12.68 billion, below target by 199 million euros and 2.8 percent lower than
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What the ECB did next - a tale from another crisis
Agoraas the interest charged by the ECB is much lower than any available commercial rate. The ECB blocked... than use their banks and ECB credits to finance their deficits. The ECB took the position... problem, without however doing anything drastic enough to split the Euro. The implication for Italy
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New overdue taxes rise by 428 mln in June, total stock above 102 bln
EconomyMacroeconomythan the figure for the same period last year by around 283 million (-5.2 percent). After rising... collection measures or could have such measures enforced against them, leaving slightly less than a quarter... of unpaid taxes continues to be a problem, compounded by the fact that most of the debt is classed
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New overdue taxes rise by 377 mln in July, total stock above 102 bln for second month
EconomyMacroeconomy, lower than the figure for the same period last year by a notable 25.6 percent. New unpaid obligations from tax categories showed a rise of 296 million month-on-month in July, lower than the increase.... Tackling Greece’s growing pile of unpaid taxes continues to be a problem, compounded by the fact
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Part-time work and low earnings overlie crisis-pounded labour market
Societyfell by 6 percent. The problem of Greece’s brain drain was also highlighted with the report showing... to be unemployed than men, while youth unemployment remains rampant. The majority of new jobs being created are either part-time positions or flexible types of work rather than full-time employment
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What next for Cyprus gas after the Exxon find?
Agora, it is a lot less than Israel’s 21.4 tcf Leviathan field and Egypt’s 32 tcf Zohr field. It is also a tiny... in the stalled attempts to solve the long-running Cyprus problem. The Greek Cypriot media also tend... quantities larger than this single deposit. The potential is still there for more discoveries, even in our
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Government makes last-minute change to main homes bill in bid to satisfy creditors
EconomyProgrammethat the threshold for the balance on business loans secured against primary residences should be no higher than 100,000 euros, rather than the 130,000-euro limit in the original bill. The threshold for balances... the government for not doing enough to tackle the problem of private debt. The amendment was made soon
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BoG underlines progress in NPE reduction but stresses need for systemic solution
Economynot been serviced for more than 90 days but have not been denounced yet. Additionally, 14 percent... the new revised targets, which have been reported to be slightly more ambitious than the September... of energy and resources in dealing with the NPE issue. Freed from a large chunk of the problem
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Capital controls to be abolished ahead of schedule
EconomyBanking, but the government is now moving ahead with the measure earlier than planned. Finance Minister... people switched to paying by card rather than cash. However, the continuing presence of capital controls was cited as a problem by the BoG, the country’s lenders and Greek businesses which overnight
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ND unveils steps to address migration issue amid political pressure
PoliticsGreek Politics, compared to less than 2,000 during the 4.5 years SYRIZA was in power. Experts have pointed out... is for the process to last no more than three months. Political pressure The difficulty in getting to grasp with a problem that the conservatives apparently did not expect to have to face so soon after
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