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Greek banks' equity raising could keep official support to a minimum
Economy, and hybrid securities is activated. CoCos, which qualify as Common Equity Tier 1 (CET1) capital “pari passu... and 78 million to Tier 1 securities. Bondholders are offered the option for a share exchange at 100 percent of nominal value for senior notes, at 80 percent for Tier 2 and at 50 percent for Tier 1
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Coalition considers options for addressing pension system sustainability
EconomyProgrammepensioners currently stands at 1:1.7 compared to a target of 1:2.1 for a viable pension system. The key points of the proposed pension reform include: 1) A national pension with a growth clause equal... savings from pensions of 1 percent of GDP in 2016. Katrougalos said the aim is those savings
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgramme’s key provisions relate to the parametric fiscal measures yielding 1 percent of GDP... as of June 1 with estimated annual revenues of 437 million and a rise in the excise tax on cigarettes... of the public sector attrition rule from 1 hiring for 5 departures in 2016 to 1:4 in 2017 and to 1:3
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingAlpha Bank’s reported net profit stood at 1 million in the second quarter (Q2) of 2017 including... at 26 billion, the NPE stock has to be reduced by another 1 billion in H2, with the management stating..., while another 1 and 2.5 billion are due to be assigned within October and mid-2018 respectively. P&L NII
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Newsletter 135 - 13/10/2017
percent in 2018, after which growth drops and is estimated to reach 1 percent in 2022, according.... According to the IMF, the number of pensions will increase at around 1 percent per year. Greece predicts... by 1 pct in September Headline figure represents ninth consecutive rise after four years
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Tsipras confirms Parliament will probe contentious Novartis bribery claims
PoliticsGreek Politics. The committee will have 21 members (10 SYRIZA, 5 New Democracy, 1 PASOK, 1 Golden Dawn, 1 KKE, 1 ANEL, 1 Union of Centrists & 1 To Potami), with the governing coalition being represented by 11 MPs, who
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Public sector staff trends survive MoU exit, change of government
Societystable At the end of the adjustment programme, Greece committed to a replenishment ratio of 1:1... the ratio had been as low as 1:5 (one hire for every five departures), transitioning to 1:3 in the final... the creation of new permanent posts outside the 1:1 ratio on the basis that they would result
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The allocation of labor resources in Greece and the EU-27
Agoradestruction.”[1] The public sector never goes out of business, no matter how inefficient it is. If it runs... then plotted an index (2001-Q1=100) for employment in the public and private sectors. Figure 1... employment has grown or declined in the public and private sectors since early 2001. From figure 1
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The quarterly national accounts from the income side
Agorapartner countries.[1] This suggests three things: 1) Keynesian policies work (when the private sector... the basis for real GDP from the production side (Table 1). Since all the goods and services... is labelled GDP from the income side. All three forms of adding up GDP (supply, demand, and income; Table 1
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Where is Odysseus? Part 3 - Participation
Agorais described in a book on the macroeconomy of Greece.[1] But, shortly underway, the Covid-19 pandemic... population (the “active” population vs the “inactive” population). Figure 1 below sets the stage... for the EU27 as a whole (the dotted line in figure 1). Here we see that the average EU27 PR
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