Titoli di Stato area Euro GRECIA Operativo titoli di stato / 2
IL MARATONETA
Forumer storico
Questi prezzi che scendono regolarmente, se non è l'agosto, non mi fanno ben sperare....
m.m.f
Forumer storico
...si sta ripetendo esattamente quanto già visto dopo le due valutazioni precedenti ,auspichiamo che almeno questa volta volta la chiudano in tempi quanto meno ragionevoli anche se nessuno ci crede e il mercato prezza i già previsti ripetuti ritardi.Oltre al fatto che comunque per quanto le cose iniziano a girare meglio stiamo parlando di un paese in ginocchio ,basta confrontarli con il Porto che certo non primeggia tra le economie più avanzate ...
Vespasianus
Princeps thermarum
Abbastanza chiara la controtendenza. I ventennali greci si riavvicinano gradualmente al 7%. Tensione pre-valutazione, come dice Tommy, presumibilmente.
m.m.f
Forumer storico
Se le previsioni si concretizzano per una chiusura a gennaio /febbraio invece di novembre o dicembre i mesi buoni saranno anche ottobre,novembre dicembre...
Vespasianus
Princeps thermarum
ekathimerini.com
Labor Ministry in race against time to legislate pension reforms, changes to strike rules | Business
ROULA SALOUROU
The list of prior actions the Labor Ministry must implement ahead of the third review of the country’s third bailout includes reforms in the field of social benefits and pensions, along with changes in the decision-making process for strikes by workers’ unions.
According to the agreement signed by the government and Greece’s international lenders, the ministry must implement major reforms with regard to the country’s social benefits system which will be felt by beneficiaries. The ministry must move ahead with the implementation of five reforms in the areas of social benefits, namely family allowances, disability benefits, education, housing allowances and transport, in the coming months.
Tellingly, it has already been decided that several benefits will be slashed in a bid to save a total of 259 million euros in the 2017-18 period.
The introduction of reforms in the area of family allowance benefits, as well as disability assistance, must take place by November 2017. These measures will be preceded by a pilot project that will calculate disability allowances by factoring in the assessment of a person’s ability to perform activities in his or her everyday life. A key role in the pilot project is expected to be played by a World Bank report which will reportedly be submitted to the ministry in the near future.
At the same time, the ministry is faced with tight deadlines for the implementation of a series of prior actions regarding social security. The effort to calculate and start paying out at least 70,000 new main pensions, as well as preparations for a uniform system to collect contributions and taxes, are most pressing among these.
In terms of labor law, the ministry has to pass legislation by October that will lead to more employees being required to take part in union decisions resulting in strike action.
Legislation on transport allowances must be carried out before November so that it can be enforced in 2018 along with that concerning electronic tickets.
Meanwhile, reforms in education benefits must be implemented in October, while changes regarding housing allowances will have to to be completed in September.
Labor Ministry in race against time to legislate pension reforms, changes to strike rules | Business
ROULA SALOUROU
The list of prior actions the Labor Ministry must implement ahead of the third review of the country’s third bailout includes reforms in the field of social benefits and pensions, along with changes in the decision-making process for strikes by workers’ unions.
According to the agreement signed by the government and Greece’s international lenders, the ministry must implement major reforms with regard to the country’s social benefits system which will be felt by beneficiaries. The ministry must move ahead with the implementation of five reforms in the areas of social benefits, namely family allowances, disability benefits, education, housing allowances and transport, in the coming months.
Tellingly, it has already been decided that several benefits will be slashed in a bid to save a total of 259 million euros in the 2017-18 period.
The introduction of reforms in the area of family allowance benefits, as well as disability assistance, must take place by November 2017. These measures will be preceded by a pilot project that will calculate disability allowances by factoring in the assessment of a person’s ability to perform activities in his or her everyday life. A key role in the pilot project is expected to be played by a World Bank report which will reportedly be submitted to the ministry in the near future.
At the same time, the ministry is faced with tight deadlines for the implementation of a series of prior actions regarding social security. The effort to calculate and start paying out at least 70,000 new main pensions, as well as preparations for a uniform system to collect contributions and taxes, are most pressing among these.
In terms of labor law, the ministry has to pass legislation by October that will lead to more employees being required to take part in union decisions resulting in strike action.
Legislation on transport allowances must be carried out before November so that it can be enforced in 2018 along with that concerning electronic tickets.
Meanwhile, reforms in education benefits must be implemented in October, while changes regarding housing allowances will have to to be completed in September.
Vespasianus
Princeps thermarum
ekathimerini.com
Pensioners set for another blow | Business
Pension applications submitted after May 13, 2016 – after the so-called Katrougalos law was legislated – reveal significant cuts in pension payments.
According to the relevant data, five categories of pensioners will suffer cuts due to the new way pensions are calculated.
Overall, experts estimate that by the year 2020 some 200,000 retirees will receive pensions that do not correspond to the amount of money they contributed to the funds during their working lives.
In some cases, pensioners will receive 30 percent less than what they would have received had the Katrougalos law not come into effect. The overall reduction is estimated at 12 to 16 percent.
The hardest hit will be civil servants, especially those who have worked for more than 30 years and belong to the categories of University and Technological Education.
Other categories of pensioners that will be negatively impacted are those who made above-average contributions to the IKA social security foundation for more than 30 years.
Meanwhile, those who made medium or large contributions to the TEVE fund for the self-employed will also lose out. Others who can expect to be affected by pension cuts are people who contributed for 30 years to the retailer’ insurance fund (TAE) or the professional drivers’ pension fund (TSA).
The new pension system, however, will favor retirees with monthly gross earnings below 700 euros and less than 30 years of insurance – in line with the declaration made by former labor minister Giorgos Katrougalos that the new system would be classless and favor people with low incomes.
This category includes people insured for 20 to 30 years with IKA, who will retire with a gross remuneration of around 1,000 euros, or the former social security fund for professional drivers (TSA). Those insured at several public enterprises (DEKO) and bank funds will also be entitled to an increase in their pension because they pay very high contributions.
Pensioners set for another blow | Business
Pension applications submitted after May 13, 2016 – after the so-called Katrougalos law was legislated – reveal significant cuts in pension payments.
According to the relevant data, five categories of pensioners will suffer cuts due to the new way pensions are calculated.
Overall, experts estimate that by the year 2020 some 200,000 retirees will receive pensions that do not correspond to the amount of money they contributed to the funds during their working lives.
In some cases, pensioners will receive 30 percent less than what they would have received had the Katrougalos law not come into effect. The overall reduction is estimated at 12 to 16 percent.
The hardest hit will be civil servants, especially those who have worked for more than 30 years and belong to the categories of University and Technological Education.
Other categories of pensioners that will be negatively impacted are those who made above-average contributions to the IKA social security foundation for more than 30 years.
Meanwhile, those who made medium or large contributions to the TEVE fund for the self-employed will also lose out. Others who can expect to be affected by pension cuts are people who contributed for 30 years to the retailer’ insurance fund (TAE) or the professional drivers’ pension fund (TSA).
The new pension system, however, will favor retirees with monthly gross earnings below 700 euros and less than 30 years of insurance – in line with the declaration made by former labor minister Giorgos Katrougalos that the new system would be classless and favor people with low incomes.
This category includes people insured for 20 to 30 years with IKA, who will retire with a gross remuneration of around 1,000 euros, or the former social security fund for professional drivers (TSA). Those insured at several public enterprises (DEKO) and bank funds will also be entitled to an increase in their pension because they pay very high contributions.
Vespasianus
Princeps thermarum
LONDON (Reuters Breakingviews) - Winning brings its own problems. Chancellor Angela Merkel is likely to land a fourth term in German elections on Sept. 24 yet may be forced to govern with a small majority in partnership with the Free Democrats (FDP). That would be bad news for Germany and the European Union.
The FDP, the traditional coalition partner for Merkel’s CDU/CSU party, failed to win enough votes to enter parliament in 2013. But three of the seven big pollsters predict the two parties will together have a slim majority this time around. In that case, her current “grand coalition” partner, the battered Social Democratic Party (SPD), is unlikely to be willing to team up again.
A different political partner would herald a new approach to economic policy and Europe. The FDP’s campaign slogan roughly translates as “Think differently” but the party touts old Teutonic economic orthodoxies. Its manifesto promises more fiscal austerity and pledges to cut government debt and taxes simultaneously. That would curtail the government’s ability to invest more in infrastructure. And while the FDP backs EU integration, it trenchantly rejects further bailouts for Greece. In fact, FDP leader Christian Lindner, who might become vice chancellor in a coalition government, has repeatedly called for Greece to be ejected from the euro zone.
Lindner, the architect of his party’s revival, is keen to show that the FDP is no longer willing to ditch campaign pledges easily for a place in government. He is therefore likely to curb Merkel’s ability to strike a big bargain on structural reforms and looser fiscal policy with French President Emmanuel Macron. Political pressure to take a tough stance on Europe will be all the greater if the far-right Alternative for Germany wins seats in the Bundestag, as looks likely.
A small majority will leave Merkel vulnerable if there’s a new crisis in the euro zone – it may only need a handful of dissenters to reject another Greek bailout to bring down the government. Merkel’s re-election might burnish Germany’s reputation for political stability. But it would not take much to damage this veneer.
The FDP, the traditional coalition partner for Merkel’s CDU/CSU party, failed to win enough votes to enter parliament in 2013. But three of the seven big pollsters predict the two parties will together have a slim majority this time around. In that case, her current “grand coalition” partner, the battered Social Democratic Party (SPD), is unlikely to be willing to team up again.
A different political partner would herald a new approach to economic policy and Europe. The FDP’s campaign slogan roughly translates as “Think differently” but the party touts old Teutonic economic orthodoxies. Its manifesto promises more fiscal austerity and pledges to cut government debt and taxes simultaneously. That would curtail the government’s ability to invest more in infrastructure. And while the FDP backs EU integration, it trenchantly rejects further bailouts for Greece. In fact, FDP leader Christian Lindner, who might become vice chancellor in a coalition government, has repeatedly called for Greece to be ejected from the euro zone.
Lindner, the architect of his party’s revival, is keen to show that the FDP is no longer willing to ditch campaign pledges easily for a place in government. He is therefore likely to curb Merkel’s ability to strike a big bargain on structural reforms and looser fiscal policy with French President Emmanuel Macron. Political pressure to take a tough stance on Europe will be all the greater if the far-right Alternative for Germany wins seats in the Bundestag, as looks likely.
A small majority will leave Merkel vulnerable if there’s a new crisis in the euro zone – it may only need a handful of dissenters to reject another Greek bailout to bring down the government. Merkel’s re-election might burnish Germany’s reputation for political stability. But it would not take much to damage this veneer.
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