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Greece prepares set of proposals for bridging deal with eurozone
PoliticsGreek PoliticsOne day after Prime Minister Alexis Tsipras’s presented his government’s policy programme... pillar is focussed on tackling the humanitarian crisis, which was one of the key SYRIZA policies... (estimated cost at 756 million). 2) Restoration of the 13th pension (Christmas bonus) - equal to one
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So far and yet so near for Greece and eurozone after second abortive Eurogroup
PoliticsGreek Politicsthat he was prepared to sign but that this was later changed to one that was not acceptable... that Varoufakis said he was satisfied with. The debate over the various draft statements is in one sense..., which is one of the eurozone’s main concerns about the SYRIZA-led coalition. At the same time, Greece
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Greek reform proposals set for broad approval but include some political obstacles
PoliticsGreek Politicswill hope that this will also lead to a slowing of deposit outflows, which proved one... to the proposals that will enjoy broad support. Positives One of the areas where the government indicates..., it is clear that an overall reduction of pension costs is on the cards. This is one of the thorniest
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The numbers behind Greece's reform proposals
EconomyProgrammethat the effective (collectable) amount stands at 9 billion and the government aims to bring one-third... a loan haircut for those below the poverty line, while loan servicing will be downward adjusted to one.... Procurements In an interview with Kathimerini daily on Sunday, Mardas said that one of the government’s
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A closer look at planned laws for unpaid taxes and home foreclosures
EconomyMacroeconomyof total. Of this amount, the Finance Ministry aims to collect revenues of at least one-third or 3... and surcharges if the whole tax principle is paid in one instalment. This is to be gradually reduced... to the extension of foreclosures ban, which was one of SYRIZA’s priorities, the legal framework (law 4224/2013
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Greece: The gathering storm
Agorafor the turbulence ahead. One is that the new Greek government is still on a steep learning curve... partners”. It was just one of several personal jibes from the German minister towards his Greek... with Varoufakis in one room and Schaeuble in another to thrash out a deal before the meeting
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Greece submits reform proposals but Eurogroup unlikely to be moved
EconomyProgrammereforms to be submitted for technical discussions. The Financial Times is one of several publications... respectively, making up more than one-fourth of the cumulative tax arrears. According to the proposed law... departments in order to produce them to one of more public sector departments. The last reform
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What will be on the agenda for talks between Merkel and Tsipras?
Agorain Brussels, where the most recent one took place on Thursday. It is important to point out..., the choice of Berlin as the location for the meeting is a reasonable one and Merkel’s initiative... headquarters of the European Central Bank (ECB) in Frankfurt. One of the key questions Tsipras will need
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Greece prepares reforms list, eyes solution to liquidity shortage
EconomyProgrammea best-case scenario the government aims for the next Eurogroup to decide the disbursement of one... and improvements in the collection mechanism. One of the issues the government has committed so far... percent reduction is applied on these VAT rates in the Aegean islands. Privatisations One
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Greece is gasping for a deal
Agorathat the prolonged uncertainty is having on the real economy has gone somewhat unnoticed. One clear effect... ratings by one notch to “CCC+/C”. It estimated that the Greek economy has shrunk by 1 percent over... if one takes into account the ideological opposition within SYRIZA to some of the structural reforms
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