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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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Greece takes first round against Covid-19 but fight continues
Agora, primarily through retirement – in total 10,862 staff left the Health Ministry during the period.... The appointments were to abide by a 1:1 replacement rule (one hire for each departure) and would therefore... the 1:1 ratio for the health service, and to continue the hiring programme put in motion
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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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Newsletter 14 - 06/02/2015
, this is our understanding of what the policy programme would include: 1. The abolition... (ENFIA abolition and new taxation) was estimated at 2 billion. However, citing government sources... of 300,000 euros. The estimated revenues from this new tax have not yet been disclosed. 2. Reports also
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Greece seeks 3-year programme that could exceed 65 bln
EconomyProgrammeuntil the end of 2018 standing at 29.8 billion euros including 1) Payments to the IMF of 9.9 billion, 2) Redemptions of Greek government bonds held by the Eurosystem of 14.3 billion 3) Redemption... with a positive or negative impact on the gross amount. 1) The preliminary DSA called
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