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Greece sees lower primary surplus at 0.3 pct for 2014, fiscal challenges remain
EconomyProgrammeand the current government had noted that the actual figures for 2014 were exactly on target. Based... adjustments are based on the (preliminary) actual 2014 primary surplus under ESA-2010 which however... of 2.5 billion for 2015 based on primary surplus target of 3 percent, higher fiscal outcome for 2014
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Gov't sees reform multi-bill as path to funding but resistance abounds
PoliticsGreek Politicsbailout funding. The multi-bill is expected to be largely based on proposals sent to creditors... to secure the 1.9 billion euros in European Central Bank’s SMP profits based on the draft legislation... genuinely believes that it can secure some funding based on the multi-bill and the recent changes
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Greek DSA: Don't Say Anything about the debt
Agorain Annex I there is an extensive analysis of the country’s debt profile based on the assumptions... into a spreadsheet and we stress tested each of the variables either based on facts that have... economic recoveries based on strong fundamentals should not scatter all over the place like dry leaves
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How Greek banks can balance on the collateral tightrope
Agora(ELA) funding. Based on the latest official BoG figures, Greek banks used ELA funding of 74.4 billion... eligible collateral shows that the bulk relates to pillar II bonds and loans. Based on the ELA... loans based on the currently applied haircuts. This is reduced by 8 billion for each 10 pp increase
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Newsletter 37 - 31/07/2015
commitment from Greece and the eurozone on reforms and debt relief, which the Washington-based... the new year and after commitment on Greek debt relief. be based. It is thought that Greece and its... the Washington-based lender continues to maintain its senior creditor status, it is asking the European official
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Coalition considers options for addressing pension system sustainability
EconomyProgrammeto 60 percent of the average income based on the national poverty level. This will be funded by taxes... the insured based on the current system of defined benefits and with a unified replacement rate applied... horizontal pension cuts and proposed a recalculation of pensions based on a unified replacement rate
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Deadline for liberalisation of household and SME NPLs looms closer
Economyand regulation of non-bank NPL services providers. These entities must be based in Greece or in the EU...-November set the new legal framework on foreclosures, which involves a two-tier protection based... is envisaged, while the borrower should pay a monthly instalment to be determined based
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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammewould be lower at 8,636 euros. Based on its initial proposal for the tax-free threshold, the Finance... will be based on declared (and not on presumptive) income. The new main pension will be split in two parts..., and the contributory (variable) pension based on the contributions paid throughout the total number
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If you think it's bleak for Greece now, wait until tomorrow
Agorathe report. Given that the Washington-based organisation has been part of the Greek programmes since 2010... prospects based on the model that an economy’s long-term economic level depends on its capital stock, its... a theoretical steady state in which actual investment equals required investment. Based
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Greek banks on cusp of improved liquidity conditions
Agora. On February 4, 2015 the ECB decided to lift the waiver “based on the fact that it is currently... as collateral for ELA funding, would be switched to ECB funding. Based on the currently applied haircut... to Greek banks over the next 18 months, this would boost their operating income by 135 million based
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