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Talks on bailout review head for crucial weekend
EconomyProgrammeof discussions and rejected any increase in the current cap of 5 percent on mass layoffs. It also favours..., the institutions expressed their objections to the minimum wage being set by the social partners... the agreement at the December 5 Eurogroup, when the European Stability Mechanism (ESM) is due to present its
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Tsipras and Mitsotakis speak to their MPs but address wider audience
PoliticsGreek Politicscan still reach a “political agreement” on the review by the December 5 Eurogroup, Tsipras set out...” in increasing the limit on collective dismissals, which currently stands at 5 percent
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From MoU exit to Grexit: Where next for Greece?
Agorawas about to start, he charted a path out of the crisis. He set out his intention to close the review... for Tsipras. An attempt to reach an all-round deal at the December 5 Eurogroup foundered. From... by pushing Greek sovereign yields down to around 5 percent, which would enable a small, medium-term
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Institutions wrap up talks with focus on NPLs, primary residences and budget
EconomyProgrammethat the government is set to announce next week an increase of around 8 percent in the minimum wage, taking... a proposal regarding the increase have recommended a figure of between 5 and 10 percent. Several... asking for the minimum wage to increase by no more than 5 percent. In an interview with Naftemporiki
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Disbursement delayed until April as lenders wait for primary residence law to be settled
EconomyProgrammeplace in Bucharest on April 5. “There are still some issues that need to be concluded but I am very... Commission set out a list of changes it felt should be made when the last enhanced surveillance report... of almost 30 billion euros, the government seemed to accept that waiting until April 5 would
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Tracing the decline of the middle class as parties vie for its votes
EconomyFeatures. However, as we noted in a previous analysis about half the tax burden is borne by the top 5 percent... that a gross income of 33,000 euros today puts a household in the top 5 percent of earners... of frustration that has already swung one set of elections and looks likely to swing the next
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Newsletter 215 -19/07/2019
tax cuts The new government is preparing to set out in detail its plans for the next four years... the minimum monthly payment from 30 to 20 euros and reducing the interest rate from 5 to 3 percent... successful issues earlier in the year, with 5- and 10-year maturities, the PDMA surpassed its initial target
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PPC posts net loss of 353.2 mln in 9M as energy mix charges hit
EconomyCorporates15 percent to 10 percent as of April, and down to 5 percent as of September. Specifically, PPC’s... is facing,” he said. “PPC is set to be a healthy entity again.” He noted that the new business plan, applicable for the next 5 years, was currently being drafted and would be available in the next few
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Newsletter 231 -06/12/2019
-fetched, there is a peculiar set of circumstances that means the possibility should not be dismissed... consumption expenditure edged up by 0.5 percent on an annual basis. Gross capital formation fell by 5 percent... formation increasing by 5.7 percent QoQ. Gross fixed capital formation declined by 5 percent after
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Budget deficit balloons to 8.2 bln euros in July amid measures linked to pandemic
EconomyMacroeconomy. The primary surplus missed its target by 9.37 billion euros, although comparisons against targets set... to 23.1 billion euros, below the aggregate target by close to 5 billion euros. The budget balance... in the aggregate period, as mentioned, missing the target by 5 billion euros. The MoF said that this was due
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