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A closer look at planned laws for unpaid taxes and home foreclosures
EconomyMacroeconomyof the minimum monthly instalment to 20 (from 50) euros Our understanding is that the government us... billion (97 percent of the total). The upper bracket, including those who owe more than 1 million each... for those with annual income up to 50,000 euros, mortgage service would reach 20 percent of income
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Reported widening of revenue shortfall in Feb as liquidity worries persist
Economyfrom around 1 billion in January. According to capital.gr, the increase in the revenue gap by up... 20 Eurogroup decision, which means that Greek banks have an ELA liquidity buffer of 3 billion... 1.23 billion are due on March 13, 16 and 20. In addition, Greece has to pay 1.08 billion mainly
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Unpaid taxes ease to 1.16 bln in Feb, collections progress at stable rate
EconomyMacroeconomytax arrears correspond to more than 20 percent of the annual target of 1.7 billion. At the same..., Parliament passed on March 20 a new law on the settlement of tax arrears. The initial fast-track... Varoufakis on April 1, the government anticipated that the additional revenues expected from
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Greece and lenders appear close to third bailout deal, with few issues outstanding
EconomyProgrammebillion euros from the new bailout to cover: 1) The redemption of the 3.2-billion-euro Greek government bonds held by the ECB that mature on August 20. 2) An initial amount of 10 billion euros... Mechanism (EFSM) on July 20. 4) Payments to the International Monetary Fund of 1.57 billion euros due
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Amid talk of post-election alliances, parties propose changes to bailout measures
PoliticsGreek Politicsto these overtures. Meimarakis repeated his willingness to discuss a post-September 20 alliance..., PASOK leader Fofi Gennimata set out the five following demands: 1) No freeing up of mass... September 20, the points listed by Gennimata highlight that whatever difficulties there may
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Newsletter 45 - 02/10/2015
in the September 20 elections are due to be sworn in on Saturday, while the new government will present its... indicate that it may be split in two subtranches of 2 and 1 billion, respectively, meaning that two..., an issue that was a central theme in the 20 September elections. Post-election data suggests that New
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Greek stocks down 5.1 pct over week as investors remain cautious
Economylossed almost 20 percent. Banks remained the weakest link for the second successive week tumbling by 30.7 percent this week after a nosedive of almost 20 percent the previous week. Since the beginning...) to be held on November 1 no dividend distribution. Moody’s confirmed on Tuesday the Hellenic Telecom
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Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance
EconomyMacroeconomyRevenues (before tax refunds) fell by 20 percent in September, after a rise by 16.5 percent... to: 1) SMP and ANFA income of 1.72 billion that was not collected 2) Non-assessment and collection... billion on August 20, the government has stopped delaying or postponing payments of non-payroll expenses
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Greek teachers low paid, but work shorter hours in smaller classes
Societysessions, and after 12 years to 18 sessions. After 20 years of service, teachers are required... their careers. However, the remaining hours of teachers’ working time must be spent at school. In the 20...’s primary teachers are aged 50 and over while less than 1 percent are under 30. Only Italy had
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Multi-bill tabled in Parliament, paves way for sale of NPLs
EconomyProgrammedemanded by the institutions for the disbursement of the next sub-tranche of 1 billion euros... NPLs at 20 billion and consumer NPLs at 10 billion. In addition, another 10 billion of NPLs stemming..., the relevant cost ceiling is set at 570 million euros for 2016 and will be lowered by 20 million per annum
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