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Draft bill sees millions in savings and revenues from variety of bailout interventions
EconomyProgrammeto the amounts paid out in pensions to early retirees before and after they reach 67. The savings are seen at 3... income) is anticipated to result in incremental revenues of 370 million for 2015. 3) The increase... of unpaid obligations to social security funds from 3 to 5 percent, tax increases in the shipping
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Opinion polls indicate fragmentation, close election race
PoliticsGreek Politicsin agreement on several key factors: 1) SYRIZA has a narrow lead of 2 to 3 percentage points over New... somewhere between 25 and 28 percent, compared to 36.3 percent in the January vote 3) New Democracy’s... with Democratic Left (DIMAR) but not ex-Prime Minister George Papandreou’s party, is seen clearing the 3
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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammeeurozone officials recently stated that pension reforms are also key for unlocking the next tranche of 3..., 344.7 million in 2018 and 455.3 million in 2019. 3) Integration into the Unified Auxiliary... of beneficiaries in March 2016. 3) The application of a penalty equivalent to 10 percent on early
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agora) results prompted banks tio increase their provisions for credit risk by 3 billion euros YoY to 12.85... billion a year ago. The difference of around 3 billion euros between the rise in cumulative provisions... than 3 billion euros in the course of last year to 85.1 billion at the end of 2015. In addition
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Asking Greece to stack more austerity measures ignores past failings
Agorawill need to implement 3 percent of GDP, more than 5 billion euros, in further austerity measures up... issues of 3- and 5-year bonds and, after years of recession, the first sign of growth was recorded... up the starting point of Greece’s fiscal effort by an extra 3 percent of GDP. Based
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBanking(QoQ) on the back of net interest income (NII) rebound and cost containment. NII rose 3 percent QoQ... funding collaterals. Gross loans decreased 3 percent QoQ to 66.3 billion, while deposits fell... to see deposit inflows of around 3 billion. The phased-in Common Equity Tier 1 (Tier1) ratio eased
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First review completed but more prior actions lie ahead for Greece
EconomyProgramme-controlled companies has to be transferred to the new privatisation and investment fund. 3) Ratification... (not later than June 2017). 3) Public Power Corporation (PPC) Annual General Meeting (AGM) should... with an international independent advisor. 3) Enhancement of the operational framework of the Hellenic Civil
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Pending pensions mount up, complicating fiscal effort
Economy), stands close to 3 billion euros. The majority (2.16 billion euros) of this stems from IKA and 670... are taken into account. As a result, the current deficit of 3 billion would reach 6 billion including.... The latter currently stands at 1.3 billion, while ETEA’s total wealth is estimated at 3 billion
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomy) Change in rates and extension of solidarity levy (678 million) 3) Increase in the excise tax... pensions (265 million) 3) Granting social allowances for a total amount of 871 million in 2017, which... down from 3.3 percent in 2015 to 3.2 percent in 2016 and further to 3 percent in 2017.
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Greek stocks drop 2.5 pct for second straight week, banks tumble 5.4 pct
Economylowest level since October 3, while Greek stocks recorded cumulative losses of 3.4 percent..., chairwoman at NBG, resigned on November 3, while Panagiotis Thomopoulos elected new non-executive.... The stock traded ex-dividend on November 4. Coca Cola HBC released a trading update on November 3
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