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How SYRIZA says it will fund its economic policies
Economyby the following four funding sources: 1) Utilization of the Hellenic Financial Stability Fund (HFSF) capital... private debt (2 billion) and the establishment of new banks (1 billion). However, the use of HFSF... the National Strategic Reference Framework (NSRF), of which 1 billion relates to NSRF for 2007-2013, 1.5
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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... that could result in a downgrade include: 1) Prolonged political deadlock and lack of agreement..., developments that could result in positive rating actions involve: 1) Formation of a stable government
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Eurosystem funding for Greek banks shoots up by 11.2 bln in December
EconomyMacroeconomyin December reflects the combined effect of: 1) Deposit outflows of circa 3 billion in December, which...) Higher haircut on state-guaranteed ECB collaterals which reduced the system’s liquidity by almost 1... eligibility as of March 1, 2015. These collaterals relate to pillar II bonds of a government liquidity
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomyof December, 803 million lower than the end-November figure of 4.56 billion and 1 billion below.... In particular, the evolution of long-term securities in 2014 relates to: 1) Two bond issues... billion in the 11-month period and mainly reflects: 1) A reduction in the bank support scheme guarantees
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Greece's fiscal, debt and funding goals as set out at Eurogroup
EconomyProgrammeinto account the following factors: 1) EFSF loans of 142 billion euros (75 percent of GDP) bear... that revenue mobilisation could fetch up to 5.5 billion in 2015 stemming from: 1) fighting illegal trading... that proceeds amounted to 1.6 billion in 2011, zero in 2012, 1 billion in 2013 and are expected at 1.5
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Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgrammeby consumption and investment expenditure. Unemployment is seen dropping by more than 1 percentage point... interventions will fetch the anticipated revenues. We highlight the following: 1) Taxation with targeted.... On social security reforms, the MoF reiterates interventions with a total cost in excess of 1 billion euros
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Uptick in time deposit rates, mixed trends in corporate loans
EconomyMacroeconomyon the average rate on new deposits, which edged up by 1 bps to 1.13 percent in March... 1 million euros also increased by 11 bps to 4.97 percent. In contrast, the respective rate for amounts between 250,000 and 1 million euros dropped by 15 bps to 5.04 percent. Greek corporate lending
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Greek DSA: Don't Say Anything about the debt
Agora. There is a forecast for high privatization proceeds that exceed 1 percent of GDP each year until 2020, peaking at 1.7... of the privatization proceeds assumptions that will not exceed 1 percent of GDP for debt purposes would... on the issue they have repeatedly tried to dodge since Day 1 of the Greek crisis. However, solid
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Greece deal hangs in balance as IMF sees major differences
PoliticsGreek Politics) agreed to the institutions' target of a 1 percent of GDP primary surplus for this year. Tsipras did..., according to the IMF spokesman. Lenders want Athens to cut spending on pensions by 1 percent of GDP... raising an extra 1.8 billion euros, or 1 percent of GDP. Rice also said that the IMF technical team
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Greek banks in intensive care: What lies ahead?
Agorabank failure cannot be avoided. The resolution tools mainly consist of powers to: 1) Effect private... banks. At the end of Q1 2015, Greek banks’ Basel III Common Equity Tier 1 (CET1) ratio stood at 12.7... a key role in the future architecture of the domestic banking landscape including: 1) Market concerns
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