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Moody's leaves Greece's rating unchanged, one notch from investment grade
EconomyDespite hopes that on Friday Moody’s would complete the cycle of granting the investment grade for Greece and the country would be rewarded by all rating agencies, it left Greece unchanged at ‘Ba1’, which is one notch below the investment grade, and kept the outlook stable. Last September, Moody’s
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After criticism over public sector jobs, gov't names new revenues chief
PoliticsGreek Politicsdoctors being forced to resign was raised. “Over the last year there has been no break with bad old... CEO Anthimos Thomopoulos to resign. The HFSF denied this was the case and Tsakalotos reportedly dodged..., initially resisted calls for her to resign but eventually stepped down. Revenues chief It was not until
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Insolvency bill debate brings implementation challenges to the fore
PoliticsGreek Politics“second chance” directive, is one of the requirements of Greece’s creditors as part of the post..., servicers and the Greek state, around one third of which relates to individuals and the remainder..., the borrower would be relieved of any debt obligations, while the period is shortened to one year
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Newsletter 299 - 04/06/2021
. On the domestic front, the adoption of a new bankruptcy framework, including the end of primary residence... creditors, leading to a loss of assets but also future income. One factor that could work against the scheme’s acceptance is that it coincides with the withdrawal of protection for primary residence
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Newsletter 197 -8/03/2019
Foreclosure hurdle not cleared yet Primary residence dicussions continuing as hopes of Eurogroup... of their home is below 250,000 euros and they fulfil certain wealth criteria. One of those conditions... by the borrower should be no more than double the threshold for the primary residence i.e. 500,000
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Authorities turn focus back to Covid-19 compliance as latest numbers trigger concern
PoliticsGreek PoliticsGreece. In just one week, Greece recorded 472 new cases, which is 146 cases more than the cases..., the subsidy starts at 80 pct and ends up to 60 pct. All previous primary residence protection regimes... the speedy clearance of cases involving the previous primary residence protection scheme, known
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Controversial migration bill divides government factions
PoliticsGreek Politicsillegally, you only have one option, to return; you are not welcome”. The new legislation makes... persecution. Plevris also defended the decision to abolish the right to apply for legal residence... makes it easier for Greece to deport failed asylum seekers and restricts the right to residency
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Newsletter 277 -11/12/2020
PM rebuffs Covid-19 criticism Mitsotakis defends govt stance but is forced to extend some measures until Jan After being forced to extend Covid-19 restrictions into January, Prime Minister Kyriakos Mitsotakis tried to defend this week his, and his gover...
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Primary residences and lignite units top agenda ahead of Eurogroup
EconomyProgrammepressure to show progress on a number of fronts. One of the key issues that has to be resolved is what form the framework for protecting primary residences, which will succeed the Katseli law, will take... and protecting primary residences from foreclosure. The first step will be a significant haircut
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Samaras and Venizelos rule out elections but can't be sure they won't happen
PoliticsGreek Politicsthat have not been arrested by suggesting they would not dare to resign en masse and create... by abusing the right of its deputies to resign their positions, it should be prevented from doing so. It is not clear if this could stand legally. With regards to the one MP that Golden Dawn has elected from
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