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Pensions
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EconomyProgramme
Athens expects 800 mln sub-tranche as review talks progress The European Stability Mechanism’s (ESM) board of directors is due to meet on Thursday and is expected to approve the disbursal of the 800-million-euro bailout sub-tranche that has been pending since the summer.
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EconomyMacroeconomy
Athens rushing to reduce arrears and secure 800 mln in bailout funds The Greek Finance Ministry finds itself in a race against time to meet the target of paying back some of its arrears to the private sector and secure the last part of the European Stability Mechanism disbursement worth 800 million euros.
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Society
Greek demographic ratios among the worst in Europe According to a new report by the Berlin Institute for Population and Development, Greece is set to have one of the worst population demographics in Europe by 2050.
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Legal
The Court of Audit's opinion on new pension cuts and its implications According to article 73(2) of the Greek Constitution: “Bills referring to the definite attribution of pensions and to the conditions for such an attribution are only introduced by the Minister of Economics following a Court of Audit’s Opinion respectively (…)”.
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EconomyMacroeconomy
Labour Ministry publishes latest pension breakdown The Labour Ministry's IDIKA bulletin showed that annual pension cost for social security funds stands at 28.11 billion, or 16 percent of GDP.
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EconomyProgramme
Finance Ministry details impact of pension interventions, sees 2021 social budget surplus at 3.17 bln The Finance Ministry tabled a legislative improvement in the multi-bill with prior actions, presenting the impact of the 2015-2016 social security fund interventions up to 2021.
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EconomyProgramme
Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year The government tabled in Parliament on Saturday night the Medium-Term Fiscal Strategy (MTFS) for 2018-2021 as the last article in the 275-page multi-bill containing the measures needed for the conclusion of the second programme review.
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PoliticsGreek Politics
Court ruling on pension cuts more political problem than legal obstacle for govt The government insisted on Wednesday that the vote on the multi-bill is due to go ahead as normal next week despite the Court of Audit raising doubts about the pension cuts included among the measures that Greek MPs need to approve.
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EconomyProgramme
Details of technical agreement between Greece and lenders set out in draft sMoU The updated supplemental memorandum of understanding (sMoU), which was drafted following a technical agreement between Greece and its lenders, was leaked in Handelsblatt on Monday evening.
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EconomyProgramme
Greece agrees package of measures with IMF, eurozone to seal review Greek Finance Minister Euclid Tsakalotos emerged from talks with the institutions at around 6 a.m. on Monday to announce that there had been an agreement between the various participants.