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Despite differing views IMF and EC see no immediate debt sustainability concerns
EconomyProgrammepercent, from 1 percent in March 2019, with short term growth seen 2.1 percent on average in 2019-2020... balance is expected to be 1 percent of GDP lower in 2019-2025 in the IMF’s view, reflecting the Fund’s
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Newsletter 229 -22/11/2019
years. The overall surplus will reach 1 percent of GDP in 2020, in keeping with the requirements... the target by 811 million. Overall, the PIB balance landed on a deficit of 1 billion euros. Greece’s
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBankingand the tightening of sovereign bond yields. The movement in Q3 originates from negative formation of 1 billion... at under 1 billion by 2022. Regarding NPL sales, the bank highlighted upcoming sales expected to take place
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBanking-provision profit (PPI) rose by 1 percent quarter-on-quarter (QoQ) to 209.9 million euros. In 9M, PPI... 95.5 percent a year ago. Capital The phased-in Common Equity Tier 1 (CET1) ratio came to 16.3 percent
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Newsletter 230 -29/11/2019
to 1.59 billion. The PIB balance landed on a deficit of 1 billion euros. The primary surplus surpassed its... million euros. In addition, sight deposits decreased by 1 million euros. Time deposits declined by 274
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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBankingof the securitisation, once 50 pct+1 of the junior notes have been sold to private investors and a satisfactory... is slightly more relaxed than the Italian criterion of having sold 50 pct+1 of both mezzanine and junior
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New pension system, lower primary surpluses among govt targets for 2020
PoliticsGreek Politicselections), which will be the equivalent of 0.5 pct of GDP, or 1 billion euros, and the new... will apply from January 1, are seen by the government as ways of securing or winning over the support
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Dec CPI up by 0.8 pct yoy as 2019 rise comes in at 0.3 pct
EconomyMacroeconomyin December a year ago. The core index edged up by 0.7 percent in December, from 1 percent in November... of 3.5 percent in transport, followed by health (+1.9 percent) and communications (+1 percent). Food
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Mitsotakis sets out economic goals for 2020 as govt vies for extra fiscal space
PoliticsGreek Politics. It is also planning to reduce social security contributions by almost 1 percentage point from July 1. ND’s
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Deadline looms for troubled home protection scheme as insolvency law is lined up
Economyto an electronic platform launched on July 1 that allowed banking privacy to be lifted but had... drastically in the course of the year as protection is lifted from May 1. Aside from banks being able
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