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As Greek deadline looms, this is how the next days could play out
EconomyProgramme. On that date Greece has to pay 1.55 billion euros to the International Monetary Fund due to the bundling... pay the IMF, it is unclear at the moment which of them could be available on that critical date... Liquidity Assistance (ELA). The Greek government also needs to pay wages and pensions at the end
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Cabinet act firms up details of CoCos issuance by Greek banks
Economynot pay the annual coupon in two anniversaries, not necessarily consecutive. CoCos holders do not have... is at the discretion of the bank’s BoD, which may also decide to pay the coupon in the form of common shares... bank share price. If a bank decides not to pay the annual coupon on CoCos, then it is obliged
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Self-employed paying less for social security contributions, Labour ministry reports
EconomyFeaturesData from the Labour Ministry has shown that a higher percentage of non-salaried workers will pay... percent of farmers will pay the minimum contribution of 95 euros (89 percent in 2017), due to the fact.... The number of self-employed persons obliged to pay social security contributions rose by 23,588
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Government braces for reaction to pension bill
PoliticsGreek Politicsto the pension system since the crisis began more than a decade ago that would lead to retirement pay rising... & Merchants (GSEVEE) complained recently that 55 percent of the self-employed would have to pay more under the new scheme, while 45 percent would pay less. The group added that the self-employed on low income
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A third of Greek homeowners fear losing their properties in 2014
Societyexpressed fear about losing their home. Only 61.2 percent of those questioned said they were able to pay their mortgage instalments on time, whereas 22 percent said they often pay late and 16.8 percent said... 1 million Greek households are paying mortgages, meaning that 168,000 owners are failing to pay
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Tax chief's departure brings coalition revenue plans under scrutiny
PoliticsGreek Politics, increased tax collection has also been coupled with an incessant pressure on Greek households to pay mounting debts to the state. A growing inability to pay taxes and social security contributions due... 2.5 million Greeks are failing to pay their taxes, with 4.3 billion euros of new debts being created
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Ahead of Eurogroup, Greece juggles funds to cover liquidity shortage
EconomyProgrammemillion euros. Athens has to pay an additional 1.23 billion euros in the next two weeks in three tranches... that the state will just pay wages and pensions. We understand that this would increase again arrears... obligations. According to the proposed law, those who will pay their full principal amount until
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Tsipras keeps IMF waiting, turns focus to MPs and opposition
PoliticsGreek Politicsshortly before the news broke that the government had asked not to pay the International Monetary... at the end of June. Like the prime minister’s speech on Friday afternoon, the decision not to pay the IMF... and minister have been advocating for the last few weeks that the government should not pay the IMF
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Newsletter 68 - 01/04/2016
in the excise tax on fuel and natural gas, a rise in the levy on mobile telephony and pay TV, higher taxation... intends to pay state arrears of 7 billion euros to the private sector by the end of the year... it. Maybe this is the price Greece has to pay to ensure that its citizens’ democratic right
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Crisis management policy: the sad lesson of the Greek case
Agorawould need more loans and/or easier debt terms to pay interest and principal on its old loans... is to start by finding out how big a surplus is needed to pay off all the debt, the second point is to find... economic problems and are teetering on the brink of bankruptcy also pay back their borrowings
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