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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingand liquidations (4.5 billion). Selected sales are seen at 2 billion. P&L Net interest income (NII... increased by 2 billion QoQ to 8 billion in March, at a cost of -7 bps. The bank said it participated... to 41 billion and management said that deposit flow stabilised in Q2. The Common Equity Tier 1 (Tier1
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FinMin sets out how it would alter policy mix to prevent pension cuts
EconomyMacroeconomy. As such, the IMF argued that this required additional savings of 2 percent of GDP, which would come from 1.... The issue of savings worth 2 percent of GDP for the post-programme period was pivotal... at their disposal an expansionary package worth close to 2 billion euros of spending with the lion’s
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Tsipras calls snap elections after heavy defeat that puts ND on course for clear majority
PoliticsGreek Politicsfew days. Centre-left Movement for Change (KINAL) gained 7.1 percent (2 MEPs), the Communist Party (KKE) 5.7 percent (2 MEPs) and Golden Dawn 4.8 percent (2 MEPs). Beyond the considerable winning... to the last European Parliament elections in 2014, when it gained 9.39 percent. Two new parties set to elect 1
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Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
Economyofficial creditors. The reduction by 1 percentage point will have a substantial stimulating effect... percent below the 2008 level, and rising by just 2 percent in the first nine months of 2019. Fitch sees... of 0.6 - 2 percent, and the IMF’s estimate of 0.9 percent. Fitch welcomes the developments
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GDP up by 1.1 pct QoQ, needs 2.8 pct growth in H2 to reach annual forecast
EconomyMacroeconomyby 5.2 percent QoQ and services exports increased by 1 percent. Imports of goods rose by 7.8 percent... year-on-year, while imports were up by 9.6 percent. Goods exports increased by 2 percent YoY, while... latest WEO released in April, the IMF sees growth of 2 percent in 2024. In its latest economic outlook
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Newsletter 42 - 11/09/2015
injected into the systemic banks, the resolution cost of non-core banks reached a total of 15..., of the total financial envelope of 50 billion that was earmarked for Greek bank recapitalisation... proceeded with capital increases of 8.3 billion in total, with the cancellation of HFSF pre-emption
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Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
EconomyMacroeconomyof the total figure. Investments grew by 2 percent in H1 and are seen increasing by 3.3 and 4 percent... respectively. This dragged total consumption down by 1.6 percent. For the whole year, the Finance.... Total exports declined 11.4 percent in H1, fully attributed to a nosedive in services by 25.1 percent
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Greeks underwhelmed by deal with lenders, stressing uphill task for Tsipras
PoliticsGreek Politicsin Efimerida ton Syntakton newspaper indicated that a total of 67 percent of Greeks view... believe it was “good” or “probably good.” A total of 14 percent is undecided. It is notable... Independent Greeks is polling below the threshold, on 2 percent. The ProRata survey also underlined
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Newsletter 154 -9/03/2018
billion. 2 Unemployment rate at 20.8 pct in Dec Total for the year shows that 107,687 more people were... showed. In December, a rise of 8,378 people employed was noted versus November. The total for those... 2011 where the total number of unemployed has stayed below the 1-million mark. Broken down
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Newsletter 159 -27/04/2018
produced a total surplus of 1.45 billion euros, which translates into 0.8 percent of GDP. The primary... are broadly in line with Greece’s fiscal performance in 2016 when the latest figures report a total... remained broadly unchanged, with a small revision by 0.1 percent higher in the total balance for 2016
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