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Athens launches drive to pre-pay part of IMF loan, bringing budget benefits
EconomyProgrammeGreece has launched the formal process to pre-pay part of the loans it has received from..., Greece is due to pay 2.1 billion euros per year up to 2021, dropping to 1.9 in 2022 and 1.4 in 2023... the process on hold. Although the EFSF is a pari passu creditor, the ESM is a preferred creditor, only
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Tax chief's departure brings coalition revenue plans under scrutiny
PoliticsGreek Politics, increased tax collection has also been coupled with an incessant pressure on Greek households to pay mounting debts to the state. A growing inability to pay taxes and social security contributions due... 2.5 million Greeks are failing to pay their taxes, with 4.3 billion euros of new debts being created
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Greek pensions laid bare
Agoraas a benefit for low-income pensioners rather than retirement pay, reached 721 million euros last year... assets do not have the capacity to support the retirement pay under any type of asset management... pensions amounts to 884 euros. Note, though, that for around 45 percent of pensioners their monthly
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Newsletter 19 - 13/03/2015
expense for Greek banks on an annual basis. On top of that, Greek banks have to pay a fee of 1.4... on bonds it had issued between the wars to raise money to pay for the reparations agreed at Versailles... Greece regarding its obligation to pay back the money it has borrowed, it is difficult to ignore
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Mentioning the war so we don't have to mention the war
Agoraissued between the wars to raise money to pay for the reparations agreed at Versailles. While Greece... regarding its obligation to pay back the money it has borrowed, it is difficult to ignore at least... moment for Greece to raise this issue?” German historian Hagen Fleischer, one of the leading
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Government commits to uniformed personnel pay rises amid clamour for higher incomes
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has been forced to commit to pay rises for all uniformed..., coast guard and fire service to be awarded more pay following the recent announcement of wage... that more pay increases would be announced in due course but “under the right conditions and at the right
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Stournaras in firing line for arguing Greeks can pay more taxes
PoliticsGreek Politicsand indirect taxes should increase, in fact what he meant was that Greeks as a whole do not pay enough tax. He... had already been done. His original comment was interpreted as a suggestion that Greeks should pay... Antonis Samaras described 2013 as the worst year on record in terms of the taxes Greeks had to pay
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‘We’re dying to pay our taxes’
Agora, in Thessaloniki, Greece’s second city, to pay the first of six instalments of Greece’s new property tax... to pay our taxes even if it’s the last thing we do,” he said. This month marks the anniversary... of a pensioner while queuing to pay another austerity-related tax could be seen as a metaphor for how
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Cabinet act firms up details of CoCos issuance by Greek banks
Economynot pay the annual coupon in two anniversaries, not necessarily consecutive. CoCos holders do not have... is at the discretion of the bank’s BoD, which may also decide to pay the coupon in the form of common shares... bank share price. If a bank decides not to pay the annual coupon on CoCos, then it is obliged
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Greek primary budget surplus eases to 1.95 bln on back of lower revenues in Aug
Economyto 300 euros were obliged to pay this amount by the end of July and not in instalments, which... if all taxpayers pay their income tax as budgeted, the respective revenues target for 2014... revenue targets included revenues of 884 million euros from the first two instalments of the new
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