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BoG sees encouraging signs for Greek economy but warns on reforms
Economypositive in 2014 at 1 percent of GDP lower than its previous estimate of 2 percent. The key contributor... of debt and sustain the country’s access to capital markets. c) Reorientation of the production model... that an increase in real GDP by 1 percent results in a rise of the tax efficiency of VAT by 0.20 – 0.43
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ECB stress tests and what they will mean for Greek banks
Economyprovisions. A capital benchmark of Common Equity Tier 1 (CET1) of 8 percent was set for this pillar... and the dynamic model) will be the binding figure for Greek banks. Local media and market sources have... newspaper indicated on Saturday that Greek banks total capital shortfall may end up well below 1 billion
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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingmainly related to recalibration of the bank’s impairment model (970 million) and recoverability... ratio at 45 percent. Gross loans rose by almost 1 percent QoQ and 2.7 percent YoY to 72.1 billion... eligible collaterals in the form of pillar II bonds. The bank’s Basel III Common Equity Tier 1 (CET1
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BoG outlines steps to economic recovery, updates on banks' asset quality
EconomyMacroeconomyinvolve: 1) Further strengthening of the banking system by addressing the huge stock of non... by restoring economic and political stability, rapid shift of the domestic production model from non..., Greek banks’ Common Equity Tier 1 (CET1) and total capital adequacy ratios reached 18 percent
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Second review to resume in Athens under severe time pressure
EconomyProgrammemodel that combines flexibility with security, similar to the one in Denmark, which includes... in the 10-month period, the institutions have identified a fiscal gap of 1 billion, according to reports. Part... to 1,600 euros (from 1,900 euros currently) is estimated to result in savings of 1 billion. NPL
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Newsletter 111 - 17/03/2017
that Brussels favours Greece being “within the framework of the European social model” when it comes.... The IMF has demanded a reduction in the tax-free threshold, aiming for additional revenues of 1...) in the fourth quarter (Q4) of 2016, after rising 1 percent in Q3, ELSTAT figures revealed. However
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Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017
Agorain Q4, which climbed to -1 billion euros in Q4 from -90 to -100 million in the previous two quarters.... Capital Greek banks remained adequately capitalised with the Common Equity Tier 1 (CET1) ratio close... the examination of each bank’s business model, governance and risk management, risk to capital and risk
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Question mark over pension cuts in 2019 draft budget as Athens looks to lenders
EconomyProgrammeYork, that the 1 percent of GDP in pension spending reductions would not be included in the draft... the sub-minimum wage for young workers and has presented a proposal based on the Portuguese model... workers and for there to be a 1 percent reduction on contributions for auxiliary pensions.
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Getting to the church on time
Agoraearlier this year on a 1:1 departures to hirings ratio. He added that the positions would... administration. There was no discussion, for instance, of adopting a model similar to Germany’s
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A European intelligence school led by Greece and Cyprus?
Agoraof Cyprus. This project is part of a list of 17 joint projects signed within the PESCO framework[1]. PESCO... the French model - based on a collaboration between the civilian and the military - which is the most...-President of the Open Diplomacy Institute (Paris, France). [1] Greece will also lead the training
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