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Stress mounts ahead of ECB's tests on Greek banks
Economybanks proceeded with capital increases after the BoG announcement, raising a total of 8.3 billion... and losses on the residential portfolios that could yield additional capital yields of 4 and 2 billion euros
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The IMF crisis and how to solve it
Agora; (2) implicitly supporting the view that the Greek debt buyback would make debt sustainable when... a western European country is the biggest shareholder is nearly 40% of total Board votes, forming
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Finance Ministry scrambles to correct property tax after error-strewn debut
EconomyMacroeconomyraised annual revenues of around 2 billion euros. The nominal revenues from ENFIA were estimated at 3.2... percent of the total 6.15 million) paying more than 500 euros. Taking into account that each household
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankinginterest margin (NIM) reached 2 percent. On the cost front, operating expenses remained almost flat QoQ... of total loans. In addition, 3.3 billion or half of restructured loans are included in the NPLs. Cost
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WEF report highlights weakness of Greek institutions and challenges of recovery
Economyin the basic requirements (now at the 76th place), 2 places in efficiency enhancers (65th) and 7 places... in the total ranking derives from improvements in the functioning of goods market (85th place from
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Greek wages index falls 1 pct in Q2, down 23.8 pct since 2010
EconomyMacroeconomyAfter a short-lived year on year (YoY) rise of 2 percent in Q1, the seasonally adjusted Wages Index fell 1 percent in Q2, while it remained stable quarter on quarter (QoQ), according to the Hellenic Statistical Authority (ELSTAT). The index covers the total of gross earnings received by employees
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Value of HFSF participation in Greek banks falls to 17 billion
EconomyBanking, 2 billion that could be recovered from resolved banks and its capital buffer of 11.5 billion... corresponding to only 1.8 percent of the total amount. Although initial press reports had indicated
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What would a clean bailout exit for Greece mean in numbers?
Agorathe remaining funds available, a total of 16 billion euros. It is widely reported that Samaras’s intention... 2022 and 2042. Up to 2015 the servicing of that debt has a 2 percent interest, increasing to 3 percent
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September revenues drive 9-month Greek primary surplus up to 2.53 bln
Economy400 million below target. Lower primary expenditure and interest payment led total expenditure down 7 percent to 35.91 billion outperforming target by circa 2 billion. PIB balance showed a deficit
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Greek banks see Eurosystem funding drop to lowest level since 2009 in September
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped by another 2 billion euros in September, reaching 42.57 billion according to the Bank of Greece's (BoG) monthly financial statement. The September figure... ratio of Greek banks’ Eurosystem funding to total assets stood close to 13 percent in June
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