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OECD sees 3.3 bln euros of savings Greece can make by cutting red tape
EconomyMacroeconomyestimated in 2006 that total administrative costs amounted to 6.8 percent of GDP and that a reduction..., pharmaceuticals and tourism. The last five areas account for less than 1 percent of total administrative
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Local elections in Greece a precursor of European vote
PoliticsGreek Politicsparties a sense of momentum. A total of 13 regions, or districts, are up for grabs along with 325... as a total of 104 political groupings are being represented in these elections. Traditionally parties
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Greek central government debt inches down to 320.42 bln in Q1
Economywith FSM loans at 211.86 billion, corresponding to 66.1 percent of total, long term bonds at 74.48 billion (23.2 percent of total) and T-Bills at 14.99 billion (4.7 percent). Disbursements from
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Historic victory for SYRIZA in EU vote unlikely to dislodge Greek coalition
PoliticsGreek Politicssaw its support decline by a combined total of almost 11 percentage points. Nevertheless, the fact... of the vote was close to or above the combined total of the coalition’s backing. Elia survives
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Piraeus Bank reports loss of 247 mln for Q1
EconomyBankingmillion. This corresponds to 71 percent of the total targeted fully-phased synergies of 550 million... percent of the total loan book. Following the capital increase of 1.75 billion in April
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How Greek banks moved into a new era
Agora. They successfully raised a total of 8.31 billion (Alpha 1.2 billion, Eurobank 2.86, National 2.5..., the four banks had accumulated LLRs of 43 billion corresponding to 16.6 percent of the total loan book
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Greece's new finance minister lines up for a marathon (and several short sprints)
PoliticsGreek Politicsyears. This could result in total savings of 25 billion (14 percent of GDP) over the 50-year period... plan for creating a total of 770,000 jobs by 2020. Three quarters of those jobs are projected
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeand tourism, which account for 2/3 of total exports, have significantly lagged other countries... and restructured loans at 40 percent of total loans by the end of 2013. The coverage ratio (cash
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Alpha Bank acquires Citigroup's retail banking unit in Greece
EconomyBankingthat 60-61 million, of the total outstanding 1.2 billion, warrants have been exercised. If confirmed.... The 450 million shares account for 3.5 percent of total Alpha shares. This means HFSF’s share
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Ιnterest in exercising Alpha's warrants remains rather limited
EconomyBankingof total outstanding shares, implying that the HFSF stake in the bank’s share capital was reduced... than double compared to the previous period number, the total number of exercised warrants so far
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