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Unemployment unchanged at 25.6 pct in Mar but number of employed still falling
EconomyMacroeconomyunemployment among males and females recorded a similar drop by more than 1 pp YoY to 29.3 percent... at 21.5 percent despite its MoM jump by more than 3 pp. The European Commission (EC) spring economic..., following the upward revision of Ferbuary’s figure, according to the Hellenic Statistical Agency
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Newsletter 269 -16/10/2020
unscathed and the initial indications are that rather than create greater unity in Greek politics... traditionally been Greece’s strongest thanks to tourism, to fall by more than 10 pct annually. Beyond... being a major drag that could push third quarter GDP even deeper than the second quarter drop
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Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomyfor the second straight month, more than doubling to 659 million in April from 307 million in March... has prevailed in the Greek banking market. The loan balance has dropped by more than 25 percent amid... in NPEs, which as seen decreasing by more than 40 billion by the end of 2019. The bulk of the pledged
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Newsletter 271 -30/10/2020
is still more than twice the number of cases that were being reported last week. The committee’s... of these concerned workers on furlough for three months, receiving less than 50 percent of their salary... than 200 euros per month. In Q2 2019, only 1 percent of employees had a net monthly income of 200
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House of cards (The rise and fall of Akis Tsochatzopoulos)
![Photo by Can Esenbel [www.mundanepleasure.com]](resources/toolip/img-thumb/2013/10/15/acropolis_esenbel_900_1510-medium.jpg "Photo by Can Esenbel [www.mundanepleasure.com]")
Agorato acquire such wealth to purchase this property. In February 2011, more than 1,000 protesters had... is willing to change than anything the troika and its technical teams can conjure up. Facts have... a way to measure people’s units of thought, they would discover that the British think in pints
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Consumer confidence takes 10-point dive in September
EconomyMacroeconomy, and is now at the highest since early 2022. It is not far off the recent high of more than 114 points... eighth successive positive months, to -1.3 pints after a rise of 2.6 points in the previous month. Since
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Greek banks' equity raising could keep official support to a minimum
Economythan debt investors via the debt to equity swap. This means that subject to demand for the share... that Piraeus would issue CoCos of more than 2 billion with an annual cost of around 160 million..., and hybrid securities is activated. CoCos, which qualify as Common Equity Tier 1 (CET1) capital “pari passu
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Newsletter 202 -12/04/2019
10-billion-euro debt to the International Monetary Fund earlier than scheduled. Following the conclusion... distance of the lowest yields Greece has seen since it joined the euro in 2001 but is still at more than... the agreement of all creditors due to the pari passu clause. “Also from the ESM perspective, it would make
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Athens launches drive to pre-pay part of IMF loan, bringing budget benefits
EconomyProgrammethat remains above that quota threshold for more than 51 months have 300 basis points surcharge... of the Fund. Additionally, Greece has a sizable cash buffer, reported to be more than 30 billion euros... the process on hold. Although the EFSF is a pari passu creditor, the ESM is a preferred creditor, only
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingbillion euros after a stock rally of more than 115 percent year to date. The management clarified... as Common Equity Tier 1 (CET1) capital (“pari passu” with common shares) but they are an expensive
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