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Greece's ongoing divestment from banking sector creates new lender, stirs controversy
EconomyBanking, as it will have total assets of just over 7 billion euros, compared to assets that range between 73 and 79... was used by both the finance minister and the Bank of Greece governor. The deal sees a capital injection... of the latest share capital raise. The new bank will have a capital ratio of 15 pct and through its
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Megafire surges into Athens suburbs, posing major challenge for PM
PoliticsGreek Politicsof a total 556 million earmarked by authorities for the beefing up of the country’s firefighting...The megafire that broke out over the weekend north of Athens reached the capital’s suburbs... that are normal for this time of year, was that the fire reached fully built-up areas in the capital’s
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Marginal deposits outflow of 212 million euros in August
EconomyMacroeconomy, time deposits eased 0.7 percent mom to 100.1 billion accounting for 62 percent of total. The monthly.... Savings increased 0.9 percent mom to 44.4 billion (27 percent of total) with inflows of 0.39 billion... of total). Monthly flow stayed positive for the sixth consecutive month with marginal inflows of 0.05
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Deposits down for fourth month in a row as tax obligations rise
EconomyMacroeconomythe 100 billion mark for the first time since December 2012, accounting for 61 percent of total... percent mom to 44.13 billion (27 percent of total) with monthly flow turning negative at 268... increase at 2.8 percent with balances reaching 18.01 billion (11 percent of total). Monthly flow stayed
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General gov't cash surplus rises to 3.54 bln at end of Feb, more than double last year
EconomyMacroeconomypercent of total, followed by hospitals at 887 million accounting for 18 percent of total After a drop... total), followed by long-term bonds (74.52 billion – 23.4 percent of total) and T-Bills (14.98 billion – 4.7 percent of total).
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Q1 gg primary cash balance shows 2.5 bln surplus but 2014 arrears grow
EconomyMacroeconomycontributor (56 percent) to the total figure. Hospitals’ arrears are following suit at 885 million accounting for 17 percent of total arrears. It is noteworthy that the bulk of social security funds’ arrears... of total, long term bonds at 74.48 billion (23.2 percent of total) and T-Bills at 14.99 billion (4.7
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Wealth in Greece plunged by 170 bln since 2007, report finds
Society(58,900) and Slovakia (33,300) are at the low end of the spectrum. In absolute terms, the total... a net wealth of at least 850,200 euros and make up almost 50 percent of total European wealth, while the bottom half of wealth holders own less than 10 percent of Europe’s total wealth. Households
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Greek primary cash surplus more than doubles to 2.45 bln at end of August
EconomyMacroeconomyremaining the single highest contributor making up 48 percent of total arrears. Hospitals’ arrears followed suit at 873 million euros, accounting for 19 percent of total. In addition, the hospitals’ sector..., the EFSF/ESM/IMF loans stood at 221.11 billion euros corresponding to more than two-thirds of total debt
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A closer look at planned laws for unpaid taxes and home foreclosures
EconomyMacroeconomyof total. Of this amount, the Finance Ministry aims to collect revenues of at least one-third or 3... of this category stand at 2.3 billion, making up just 3 percent of the total amount. In contrast, 326,000... billion (97 percent of the total). The upper bracket, including those who owe more than 1 million each
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Greek pensions: The thorniest issue in talks between Athens and lenders
EconomyProgramme’s online service (IDIKA), a total of 4.54 million pensions were paid to 2.65 million pensioners... of the total monthly expense of 2.35 billion, the bulk (more than 88 percent) involves main pensions of a total amount of 2.07 billion. The remaining 276.5 million in March relates to supplementary
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