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Greece braces for major inflation shock as Middle East standoff continues
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April primary surplus beats target thanks to improved taxes and contained spending
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Energy pushes import prices up by 11.4 pct YoY in Mar, highest since Dec 2022
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Car sales drop 4.6 pct YoY in Apr, up 3.3 pct in 4M
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Iran war begins to bite as costs rise and confidence falls
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Electricity supply pushes industrial production up 8.3 pct YoY in March
Bank of Greece decision bolsters Greek lenders’ capital ratios
In an unexpected move, the Bank of Greece (BoG) repealed a previous cap on the deferred tax asset (DTA) recognition in Greek banks’ Core Tier 1 (CT1) calculation, resulting in a positive impact on their capital ratios effective in the fourth quarter of 2013.
The banks’ index jumped 2.4 percent on Friday in the aftermath news of the decision with Greek bank stock gains at 12.9 percent since the beginning of the year.
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