Search
-
How Greek banks' capital needs could be reduced by 2.3 bln
Economyon the recognition of DTA in Common Equity Tier 1 (CET1), set at 20 percent of CET1. A later BoG decision (Executive... period starting from January 1, 2015. This rule will also be applied in the upcoming EU-wide stress
7% -
ECB tests find negligible capital shortfalls at Greek banks
Economy. The first is an Asset Quality Review (AQR), with a capital benchmark of Common Equity Tier 1 (CET1) of 8...) and uses both a baseline and an adverse scenario. The capital benchmark was set at CET1 of 8 percent... the net capital issuance of 1 billion (capital increase of 1.75 billion minus repayment of state
7% -
Is there (sustainable) growth in Greece?
Agora, and it is expected that in 2014 it will account for approximately five percent.[1] But this emerging... to B from B- with the outlook set at stable in recognition of the “substantial fiscal adjustment... Play. [1] This contribution is calculated as net receipts to Greece from sea transport. According
7% -
Unpaid taxes up to 1.22 bln in October as total reaches 71.2 bln
EconomyMacroeconomya revenue gap of 1 billion in 2015. GSIS also provided the year to date evolution of efficiency...) at 1 billion in the first half of 2014 and 2 billion for the whole year. The first target was almost... below the annual targets. Note that targets were set as a percentage of collections over total taxes
7% -
Almost 50 pct rise for new unpaid taxes in 2014 as overall total rises to 73.8 bln
EconomyMacroeconomyand legacy debt amounted to 73.79 billion at the end of December, up by 1 billion month on month... to the legacy debt collections targeted by the Finance Ministry (MoF) at 1 billion in the first half... in the tax audits on the three specified categories, where targets were set as a percentage
7% -
The state of play with Greek banks' liquidity
Economyinflows of 1 billion each in December. Banking sources indicate that withdrawals accelerated... to the non-eligibility of a particular type of ECB funding collateral as of March 1. This stems... implies that an amount of 4.2 billion should be set aside for coverage of T-Bill rollover. On top
7% -
Finance Ministry targets 3 bln from unpaid taxes
EconomyMacroeconomyDuring a press briefing on Wednesday to set out the government’s initiatives for the settlement... percent of total. The upper bracket, related to tax debt in excess of 1 million euros relates to 2,500... for the 100 instalments. Also, the cap on anyone owing more than 1 million euros benefitting from the payment
7% -
Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammeThe budget execution for January revealed a revenue shortfall of almost 1 billion euros, mainly reflecting... the new property tax will be based on new “objective” prices set by tax authorities... amount close to 1 billion euros, creating a similar revenue gap in case this levy is abolished
7% -
Newsletter 20 - 20/03/2015
to a reaffirmation of the February 20 Eurogroup requiring Greece and its creditors to agree on a set..., this translates into an incremental cost of close to 1 billion on an annual basis, or 80 million per month... Common Equity Tier 1 (CET1) ratio ranging from 12.1 (Piraeus) to 15.2 percent (Eurobank). The fully
7% -
Greece rides the ghost train
Agorato 1.5 billion euros in new measures and by deeming this unacceptable, SYRIZA set the pain threshold... for the next few years (1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... million euros (0.5 percent of GDP) this year and 1.8 billion euros (1 percent of GDP) next year. We must
7%