Search
-
Newsletter 135 - 13/10/2017
more exits than entrances into the pension system, plus higher mortality. Despite this difference..., significant gaps remain. Tax refunds have risen rather than fallen, from 1.25 billion euros... billion in August. Though the figure is lower than July’s amount of 2 billion, it means that Greece’s
19% -
Wealth inequality in Greece has grown at faster rate than eurozone peers during crisis
SocietyThe economic crisis has increased wealth inequality in Greece at a much faster pace than in other... increase than the two other countries, Italy and Spain, Credit Suisse considers to have experienced... from 52 to 55.6 percent, which means that in both cases the current total is also lower than
18% -
Cat and mouse: Greece and Schaeuble
Agorahad in mind something completely different than the Greek government. When all the pieces are put... the IMF is demanding (legislation of more than 2 percent of GDP in contingency measures that include... would approve a new deal. Rather than suggesting that Greece’s problems would be over if the IMF
18% -
Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBanking. The final price was rumoured to be equivalent to more than 20 percent of the portfolio's nominal value..., and will lead to the bank’s NPE ratio falling by more than 100 basis points. Upon completion... by more than 30 billion euros by the end of 2019, so it falls to below 65 billion euros. According
18% -
Eurobank posts Q1 net profit of 70 mln
EconomyBanking, Eurobank said that fewer of its loans turned sour than it expected in the first quarter, as pandemic... is coming from low new NPE formation, significantly better than expected.” Asset quality The stock of non... million euros, which the bank said was less than expected, while provisions over NPEs were 61.9
18% -
Tourist arrivals in June increase 13.7 pct, bringing significant rise in receipts
EconomyMacroeconomy(up 33.8 percent), USA (up 22 percent) and France (up 15.1 percent) exhibited the highest increase..., 6 percentage points higher than the rate of arrivals. A similar pattern was also evident... in tourists from the USA with the growth rate of travel receipts (+15.8 percent) lagging that of arrivals
18% -
Tsipras returns from US with positive sentiment but absence of tangible results
PoliticsForeign Policyinto F-16 Block Vs, was seen by the opposition as confirming that Tsipras’s trip to the USA had resulted in Athens having to spend money, rather than attract investments. “Unfortunately, based... but to the USA.” Regional role On Trump’s part, he tied the prospective F-16 deal in with Greece’s
18% -
Mitsotakis underlines geopolitical and ideological links between Greece and US
PoliticsGreek PoliticsCooperation Agreement between Greece and the USA. “A powerful testament of our enduring strategic... are threatened from within rather than by authoritarian regimes. He also called on the US to continue... that the trip had helped highlight the interests shared by Greece and the USA. Opposition reaction
18% -
Six in 10 Greeks earn less than average salary of €1,022 in private sector
Societyand grosses less than the average salary in the private sector. These are the general characteristics... than 1,022 euros a month, the average salary in the private sector, according to separate data from the country’s largest insurance fund IKA-ETAM. In 2013, the number of employees earning less than
18% -
More than half of Greek households rely mainly on pensions
Societyhouseholds in 2015. Last year’s figure was slightly lower than the record 52 percent recorded in 2014 but almost ten percentage points higher than the 2012 share of 42.3 percent. Of those households... at less than 10,000 euros. The outlook for 2016 remains similarly negative, with seven in ten Greek
18%