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  1. Pension cuts due in 2019 fuel political battle, election talk
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    to pensioners being avoided. Coalition MPs voted last year for reductions amounting to 1 percent of GDP... (a reduction in the tax-free threshold worth another 1 percent of GDP) should be brought forward

    14%

  2. CPI remains unchanged in April
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    by 1 percent. The overall CPI on an annual basis was impacted by a decrease in prices of food and non-alcoholic beverages by 1 percent, a drop in clothing and footwear by 0.4 percent, lower prices

    14%

  3. Banks focus on defining challenge of reducing NPEs
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    , totalling roughly 1 billion euros, which are collateralised. This would bring the total sales... to 10,000 euros, which will total roughly 1 billion euros, to be sold by October. The bank is expecting

    14%

  4. Newsletter 162 -18/05/2018

    Newsletters

    laid out for the coming years would be applied as initially intended, which means that the 1 percent... to pensioners just before the pension cuts take effect on January 1. According to Energy Minister

    14%

  5. Central government debt grows to 343.74 bln in Q1
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    -term (over 5 years) debt made up 76.7 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 12.1 and 9.6 percent of the total figure, respectively

    14%

  6. Concerns raised about next year's pensions cuts
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    Employees at Greece's main social security fund have raised the alarm regarding the extent to which pensions will be cut next year, when Greece is expected to trim its spending on retirees by 1... of 2019, totalling 1 percent of GDP.

    14%

  7. Newsletter 163 -25/05/2018

    Newsletters

    Strategy, which foresees primary surpluses of 3.5 percent until 2022 and pension cuts worth 1... January 1. They will help about 500,000 families cover their rent or mortgage. It is expected

    14%

  8. Credit contraction deepens to 1.9 pct in April, balance at 179.13 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Credit contraction in the Greek market deepened to 1.9 percent in April compared to a contraction of 1 percent in March, according to Bank of Greece (BoG) figures released on Tuesday. This resulted..., the corporate lending sector’s balance was also negative by 1 billion euros, while the household

    14%

  9. Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
    Photo by MacroPolis

    EconomyBanking

    to a total of 1 billion which the bank aims to sell by October 2018. Towards the end of 2018..., totalling roughly 1 billion euros, which are collateralised. This would bring the total sales of NPLs

    14%

  10. General govt primary cash surplus at 2.42 bln in April, arrears fall by 66 million
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    contributions rose by 3.6 percent to 6.98 billion. Expenditure declined by 244 million euros (1 percent... remained unchanged at 2.85 billion, representing less than 1 percent of the total. Guarantees

    14%