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Newsletter 50 - 06/11/2015
systemic banks. The first tier includes Alpha and Eurobank, with capital needs at the low end, at 263... for the banks since the tendered bonds would be bailed-in in the event a bank receives even one cent of state... be trimmed to around 5 billion, one-fifth of the financial envelope of 25 billion envisaged by the EU
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Opinion divided in Greece over seeking ICJ settlement with Turkey
PoliticsForeign Policyand cons of a judicial settlement with Turkey. The second strain of thinking seeks to preserve the current... restricted framework that recognises only one difference with Turkey; that is the delimitation
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Newsletter 90 - 30/09/2016
of attempting to make a breakthrough with lenders with one hand and trying to fend off attacks from... since July 2014, and largely reflect deductions of 609 and 263 million from the corporate... with the country’s lenders. One key advance came on Wednesday, when government MPs approved a multi-bill
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Athens ticking off prior actions one by one as EU keeps close watch
PoliticsGreek Politicsof the pension system. One of the key issues likely to come up during Moscovici’s visit on Tuesday... for a married couple, 412,500 euros for a married couple with one child and 450,000 euros for a couple
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PM hits back at surveillance list claims, falls out with ally
PoliticsGreek Politicsthe forthcoming elections is one that the prime minister and his officials have aired repeatedly... as “enemies of Olympiakos” and concluded with the phrase “see you at the ballot box”. Although none... or dictate to the government, changing their positions from one day to the next on the course
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Five-month budget primary surplus confirmed at 1.84 bln, beats target by 790 mln
EconomyMacroeconomyperiod, down by around one quarter from last year, while overshoot target by 791 million. Revenues... to 6.39 billion, overshooting the target by 263 million, which explains the indirect tax... slumped by around one third to 755 million, spot on target. Overall, PIB balance recoded a modest
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Newsletter 58 - 15/01/2016
fiscal strategy for 2016–19, which includes additional measures yielding one percent of GDP (0.75..., Mitsotakis saw off the competition from his rival Evangelos Meimarakis (52.4 vs 47.6 percent) to win Sunday’s.... This represents a departure from one of his recent predecessors, Antonis Samaras, who sought to cultivate
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Nervous markets subject Greek stocks and bonds to a hammering
Economycould be heading to early elections, the Athens Stock Exchange remained extremely nervous on Wednesday tumbling by 6.3 percent at the closing. At one point during the session the daily losses exceeded 10 percent. The daily turnover reached 263 million euros almost double the year to date average
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBanking) of 2016, fully attributed to a one-off loss of 3.1 billion involving the recycling of losses related... associated with pillar II bonds. The bank’s non-core income though, despite a one-off gain of 35... to 208 million in Q2 from 158 million in Q1 and mostly relate to one big retail group (Marinopoulos
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Budget primary surplus grows in April thanks to one-off revenues and restricted spending
EconomyMacroeconomy, whiich turned to an over-performance of 69 million by April, mostly reflecting a one-off item. b... include two items that were not incorporated in 2015 budget figures. The first involves one-off
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