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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economyreducing capital needs by 2 billion - the clarification on the inclusion of the capital boost... of 2 billion with press reports noting that 1-1.5 billion could be raised by an anchor investor... or other capital enhancement measures over the next 2 or 3 years without using the backstop facility
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Shortcomings in healthcare seen at forefront of austerity impact in Greece
Society, with newly unemployed people aged 29–55 years covered for a maximum of 2 years. Rapidly increasing... of major depression, from 3•3 percent in 2008 to 8•2 percent in 2011, with economic hardship being a major... from 28•2 percent in 2007 to 30.4 percent in 2011, and a growing number receive inadequate nutrition
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Eurobank gears up for crucial but contentious capital increase
EconomyBankingafter the bank announced in mid-November plans to initiate a capital increase of circa 2 billion... of these shares stands at high levels (10 percent with a 2 percentage point step-up every year after 2014... increase north of 2 billion euros, most likely including the cancellation of pre-emptive rights
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Greek Tourism Association sees tourist arrivals rising to 19 mln for 2014
EconomyMacroeconomythis summer will be August 2, when 760 flights carrying 148,675 visitors are scheduled to land in Greece... visits from Russia and Ukraine, which account for 15 and 2 percent of total and contribute 13 and 2
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With prior actions pending, PASOK showing signs of adjustment fatigue
PoliticsGreek PoliticsGreece has to complete 12 “prior actions” to receive the next 2 billion euros of its bailout from.... The first set of prior actions are: 1) adoption of outdoor trade law 2) adoption of investment... the supplementary pension funds of the public sector into the private sector main pension fund (ETEA) 2) adoption
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National Bank posts 9-month profits of 1.18 bln
EconomyBanking) in Greece and Turkey. The domestic loan spread rose marginally by 2 basis points (bps) QoQ to 387 bps... repayments for the first time in 2014. Deposits rose by 2 percent to 66.9 billion euros. In the Greek market, deposits also grew by 2 percent QoQ reflecting an increase in customer deposits by 3
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Is there (sustainable) growth in Greece?
Agorabetween both countries totalled 9.3 billion dollars in 2013, mostly in gas, oil and food products.[2... a work in progress and is puzzling policymakers as well as analysts. As graph 2 illustrates...). [2] Russia accounts for roughly 25 percent of Greece’s peach production and approximately 50 percent
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Newsletter 4 - 21/11/2014
percent incorporated in the medium-term fiscal strategy (MTFS) and the 2 percent in the draft budget... an increase in both the manufacturing as well as the mining and quarrying sectors by 1.8 and 2 percent... grew to 3.75 billion, a rise of 56.3 percent year on year. 2 Waiting for Godot in Greece
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Fitch keeps Greek rating at 'B' but downgrades outlook to negative
Economyhas moderated its stance since 2012 advocating: 1) Greece to remain in the eurozone 2) Commitment... with the troika, a development that would create serious strains in the state’s cash flow. 2) A worsening... and timely agreement with official creditor that could stabilize the Fitch’s rating outlook. 2
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The immediate economic and financial hurdles for the new Greek government
EconomyProgramme2 billion euros and new funding could stem from extraordinary T-Bill issues of 1.5 – 2 billion... at circa 2 billion. However, since the previous government has exhausted the 15-billion-euro limit
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