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Pension outlay still falling, 40.4 pct of main monthly payments below 500 euros
EconomyMacroeconomy. The government succesfully avoided a total of 1 percent GDP in pension cuts in 2019 after Eurozone finance... on a monthly basis, showed that a total of 4.5 million pensions were paid in September 2018. The total sum..., with a corresponding fall of 21.6 million euros in pensions amounts paid out. Out of the total number
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How Greek banks were left on the brink
Agorawith non-financial corporations following with 7.2 billion (23 percent of total). The bulk of outflows, 27.6 billion corresponding to 88 percent of total, stemmed from time deposits. Sight deposits... foreign investor participation in T-Bill rollovers. In the December to April period, total deposit
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Banking system showed deposit inflows for second straight month, at 531 mln in Sept
EconomyMacroeconomyon Tuesday. The recorded inflows of around 1 billion over the past two months largely reflect... a net amount of 199 million. Following the net inflows of around 1 billion in the last two months..., display total outflows were trimmed accordingly to 43.44 billion. The largest withdrawals over
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Greek pensions laid bare
Agorabillion. The combined total corresponded to 9.6 percent of GDP. Despite a sharp drop of 21 percent (4.5 billion) in the total figure since 2011, the respective figure relative to GDP has fallen by just 1 percentage point. This reflects the fact that GDP contracted by around 14 percent over
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Overdue social security contributions increase 827 mln to 23.3 bln at end of Q2
EconomyMacroeconomypercent of total) owe more than 1 million each for a total amount of 6.53 billion. Though they represent... in KEAO across Q2. The released figures show that from the total overdue stock of 23.32 billion... euros (9.3 percent of the total). In total, 591,004 debtors are included in this bracket, a rise
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Overdue social security contributions top 35 bln in Q1
EconomyMacroeconomybillion euros (10.8 percent of the total). Overall, slightly more than 1 million debtors fall... the four main Greek pension funds based on several theoretical collectability criteria. Total... between 15 and 30,000 euros each for an aggregate amount of 3.50 billion (9.9 percent of the total
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Overdue social security contributions decrease slightly to 35.11 bln in Q2
EconomyMacroeconomy(KEAO) revealed. This means total overdue SSCs remained over the 35-billion-euro mark for a second... less than 15,000 euros each for an aggregate amount of 3.85 billion euros (11 percent of the total). Overall, under 1 million debtors fall into this category, a decrease of 4,740 from the previous
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General govt primary cash deficit at 5.48 bln in June as tax revenues fall
EconomyMacroeconomyeuros, bringing the total figure to a deficit of 425 million euros. The equivalent figure... the total rose by 163 million euros YoY and came to 1.24 billion euros against 1.07 billion euros last year. In local governments, a rise of 143 million euros was seen, taking the total to 326
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Crumbling Greek pension system threatens big fiscal gap, budget derailment
Economy) for May, IKA grants a total of 1.22 million pensions with a monthly cost of 865 million euros... OAEE pension cost. Agricultural Insurance Organisation (OGA) According to IDIKA, OGA pays a total... pension-related fiscal gap A total of 2.66 million pensioners in Greece receive a total of 2.35
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A snapshot of Greek banks' ABS as ECB readies for next move
Economyon October 2, it appears that Greek banks will be excluded from the ECB’s largest quantitative easing... billion, while Eurobank’s figure stands below 1 billion. In addition, they hold covered bonds (mainly... by Alpha and Eurobank at 3.6-3.7 billion, while Piraeus figure stands slightly above 1 billion
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