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Ministry's actuarial study shows the devastating impact of the crisis on the pension system
Economyincreased retirement resulted in a notable rise in the number of pensioners. From 2000 until 2008... digit levels from 1980 until 2009. The wealth (cash reserves and bonds) of pension funds was reduced.... As a percentage of GDP, pension deficit exceeds 9 percent from 2015 until 2019 and is equivalent
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Eurozone sets out proposals for staggered debt relief for Greece
EconomyProgrammeby setting loan repayments as 1 percent of GDP until 2050 and linearly amortised after that A capping... of the 2 percent being deferred until 2050. The accumulated and capitalised deferred interest would... percent of GDP until late 2030s and below 20 percent afterwards. If, however, there is weaker growth
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammebacked by primary residences across all lending segments are protected until the end of 2017.... Contingency mechanism The legislation on the fiscal mechanism foresees that until May 10 of each..., a Presidential Decree is published until May 31 detailing the expenditure cuts related to the general
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Newsletter 74 - 20/05/2016
with a property value up to 140,000 euros, which will remain protected until the end of 2017... until 2032. Such an extensive timeline favours those who least deserve it in Greece, namely strategic... to mortgages until at least 2018. In the event that sales of NPLs held by banks do take place
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HRADF's updated plan for 19 privatisation projects published
EconomyCorporation (DEPA) and next steps include the appointment of advisors until Q3 2016, the evaluation... been short-listed and the binding bids are also expected until the end of May. HRADF holds a 30... agreement by another 20 years until 2046. Negotiations between AIA and HRADF are currently
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Newsletter 75 - 27/05/2016
the short-term (until the end of the programme), medium-term (in mid-2018) and long-term. The first group... surrounding debt relief for Greece. The fact that the discussion has been delayed again until later this year... quarter. This means the 6.8 billion could cover debt obligations until the end of November, while
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Greek banks on cusp of improved liquidity conditions
Agoraon June 2, the ECB postponed that decision until all prior actions are implemented and the ESM... be reasonable to assume that ECB could delay its decision for a few months until there is more clarity... for the return of deposits. According to banking sources, this is not seen happening until towards
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Tight schedule to approve multi-bill, tick off remaining milestones
EconomyProgrammethat the discount until 2021 of social contributions for owners of tourism accommodation (6-10 rooms... of lower rates until the end of 2018. Moreover, the discount of 15 percent on the total amount... contributions for farmers will increase revenues by a cumulative amount of 74.7 million euros until 2019
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Review delay brings Greek liquidity needs back into focus
EconomyProgrammethe required amount from internal sources until April or June, the July payment cannot be made... negative until the end of June (-700 million in the first half) before turning positive as of July, when... finance the country’s debt obligations until June but not thereafter.
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Athens accepts review's toughest fronts remain open
EconomyProgrammethat “nothing is agreed until all the issues are resolved,” adding that “different players are raising a number of issues, but nothing can be agreed until the whole package is clear.” An agreement on those... may be deferred, few developments are expected until the board meeting has taken place
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