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  1. Income inequality in Greece has grown during crisis, OECD report shows
    Photo by MacroPolis

    Society

    with comparable data. By contrast, the top 10 percent controlled half of all total household wealth... and Greece, where the average income of the bottom 10 percent fell 13 percent per year from 2007 to 2013. This group fared considerably worse than the median and the top 10 percent. The impact

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  2. Coalition in rush to wrap up pending bailout issues
    Photo by Peter Panter via Flickr https://flic.kr/p/4CtprB

    EconomyProgramme

    is the conditions for the disbursement of the 10 billion euros for bank recapitalisation that is currently... to receive the 10 billion euros set aside for bank recapitalisation. Although not defined yet, the next... disbursement of both the sub-tranche of 1 billion plus the all-important 10 billion for bank

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  3. Government in race against time to resolve bailout issues

    EconomyProgramme

    Following the Eurogroup decision on Monday to decouple the disbursement of the 10 billion for bank... examining the final technical and legal details for imposing a tax of 10 percent (0.05 euros per... of the installment payment deadline) to be reduced to 20 days in June 2016 and to 10 days as of the beginning

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  4. Gov't submits multi-bill to pave way for next bailout tranches

    EconomyProgramme

    will be applied to all OPAP games, which corresponds to a tax rate of 10 percent on lottery games and 20... as the transfer to the HFSF of the 10 billion earmarked for bank recapitalisation that are currently... is reportedly expected to convene on Monday to formally approve the disbursement of the 2 plus 10

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  5. Newsletter 57 - 08/01/2016

    Newsletters

    that they should have been adjusted in May 2015. For most areas, the adjustment will result in a 10–20 percent... to taxpayers providing receipts for purchases and services for an amount equal to 10 percent... euros in 2016, they will have to collect 10 percent of their income (or more) in receipts through card

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  6. Eurobank remains profitable with net profits of 46.2 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    that the burden on NII and fees from pillar II bonds stood at 12 and 10 million respectively in Q2... at the end of Q2. The NPL ratio edged down by 10 bps to 34.7 percent, while it slightly rose by 10 bps

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  7. After talks with lenders, Greece returns to list of tasks to secure next bailout payment

    EconomyProgramme

    of 2.8 billion euros would be completed by October 10, when the next Eurogroup will take place... on layoffs to 10 percent of total employees. Fiscal On the fiscal front, Finance Minister Euclid... to corporate loan restructurings. During his speech at the Thessaloniki International Fair on September 10

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  8. Newsletter 90 - 30/09/2016

    Newsletters

    of the next sub-tranche of 2.8 billion at the next Eurogroup due on October 10. In addition, the Finance... on October 10. Apart from securing the 2.8 billion and ticking another task off its list... makes their country a worse place to live and only 10 percent think it improves things. While

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  9. Greece gears up for second review, faces wide-ranging reform to-do list

    EconomyProgramme

    actions needed to complete the first review, which was ratified by the Eurogroup on October 10.... Privatisations Finance Minister Euclid Tsakalotos published in the Government Gazette on October 10... that the October 10 Eurogroup’s statement stressed that those actions “must be pursued as a matter of priority

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  10. NBG turns profitable in Q3, NPE stock drops further by 1 billion
    Photo by MacroPolis

    EconomyBanking

    million) and consumer credit (-10 million). Overall, the Greek NPL ratio edged up to 35.4 percent...), while the new time deposits have a yield of 69 bps. Fee income rose by almost 10 percent QoQ to 67..., pro-forma for the divestment of Astir Palace hotel, which was completed in early Q4, edged up 10

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