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October budget primary surplus confirmed at 5.74 bln
EconomyMacroeconomyrevenues stood at 12 million euros in October, landing on target. The corresponding expenditure stood..., exactly on target. Overall, the PIB balance landed on a deficit of 1 billion euros.
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBanking+’ in October, with the positive outlook suggesting that further upgrades might be possible over the next 12..., the capital adequacy of Greek banks stood at 15.6 percent in Common Equity Tier 1 (CET1), however
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Promises and challenges of Greece's "green new deal"
EconomyFeaturesup its renewable generation, starting with 1 GW of wind and solar power by 2024, with the aim... that investments in clean electricity would add over 12 billion euros to the economy over their lifetime
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General govt primary cash surplus at 8.84 bln in November, arrears fall by 195 mln
EconomyMacroeconomy(-5 million) and local governments (-1 million). Since the start of the year, total arrears have... arrears (+24 million) and local governments (+12 million). Declines were seen in SSFs (-108 million
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Banks gear up for 2020 stress tests as evaluation begins
EconomyBankingis seen doubling from 0.5 percent in 2019 and this year, to 1 percent by 2022. Home price growth... to let them lift a significant amount of bad loans off their books by securitisations that use about 12
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Mitsotakis in bid to "square the circle" in EU budget negotiations
PoliticsGreek Politics”. With cohesion funding set for a 12 percent cut, securing this will be an uphill struggle, despite..., Denmark and Sweden – are calling for budgets to be limited to 1 percent GDP, while the club of 15
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Eurobank net profits at 256.7 mln in 2019
EconomyBankinghas fallen by 12 billion. Greek deposits increased by around 3.6 billion and by 5.7 billion... Tier 1 (CET1) ratio came to 16.7 percent from 16.3 percent Q3, and from 14.2 percent in 2018
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More restrictions on way as Athens revels in ECB decision
PoliticsGreek Politicsbe shutting down until the end of April, with only 1 remaining open in each region and three in Athens... to purchase up to 12 billion euros of Greek paper. The announcement had an immediate impact on Greek
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Covid-19 presents new, significant challenge in banks' effort to reduce NPLs
EconomyBankingthrough securitisations using 12 billion euros of state guarantees. Most Greek banks have finalised... of the year will exceed 1 billion euros. The BoG notes that despite the record tourism seasons
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ND to unveil more economic support as coronavirus restrictions are extended
PoliticsGreek Politicslosses of revenue between 1 and 12 billion euros, equally split between large corporations and SMEs
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