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Hercules APS delivers largest ever quarterly NPE reduction as ratio drops to 21.3 pct in Q2
EconomyBankingdown by segment, consumer NPEs were the highest at 33.6 pct, followed by roughly equal percentage... of a total of 162.04 billion euros in loans, broken down by 4.36 billion euros of consumer loans... for another year and half, and banks intend to use it to bring their NPE ratios down to single digits
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Leaders joust over Covid policy as death toll rises but public interest wanes
PoliticsGreek Politicsthat this is down to the reluctance of those who have not yet been jabbed. He said that the government... pct a positive one. However, the government’s ratings on this issue are well down on the findings up... that are implemented.” However, Covid has – at least for the time being - slipped down the list of issues
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Newsletter 316 - 12/11/2021
down lately, but it was always the case that the prime minister’s decision would be based on the state..., the impact of domestic demand will slow down from this year, growing by 2.6 pct in 2022, from 5.1 pct growth... the risks on the macro and fiscal front, as the pandemic refuses to settle down, vaccination rates
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Newsletter 326 - 28/01/2022
authorities as the index dropped by 6.3 pct. The monthly drops were led by the food sector, which was down by 12.7 pct compared to October 2021 and automotive fuel sales that were down by 7.1 pct in turnover.... The Rafale planes - of which Greece is expecting another 18 - touched down in Greece to much
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The Parable of the Populists and the Contemplatives
Agora, the assets get written down every year by the amount of depreciation of the machine, and the debt..., the natural resources are beginning to be drawn down, as pointed out by quiet and unassuming... and the garbage dump. Since these are called “investments,” they quiet everyone down, including
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Economic sentiment improves to 108 in May, consumer confidence also recovers by 4 pts
EconomyMacroeconomyconfidence is down by 10.3 points in the last 12-months, losing most of the impressive recovery since.... The sector sentiment is down by 0.3 points since June 2021. Finally, the construction confidence.... Construction is now 15.5 points down from June last year.
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GDP rises by 2.3 pct QoQ in Q1 as consumption grows, but other components shrink
EconomyMacroeconomyStatistical Authority (ELSTAT) revealed on Tuesday. On an annual basis, Q1 GDP also slowed down to 7... for 2022-2025, the growth estimate is revised down to 3.1 pct, from the 4.5 pct figure included... ministry officials, seeing growth down to 3.8 pct and HICP at 5.2 pct on average in 2022. The latest
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OECD lowers 2022 growth forecast to 2.8 pct as challenges mount
EconomyMacroeconomyThe OECD revised down its growth forecasts for Greece for 2022 amidst surging global inflation... dominated by rising energy prices will slow down the recovery considerably. The uncertainty will filter... that later in 2023 energy and international prices will retreat, pushing down headline and core inflation
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Industrial production drops by 4.5 pct YoY in Apr as electricity supply falls by almost 30 pct MoM
EconomyMacroeconomyearlier. In October 2020, the index was down by 3.2 percent, recording seven consecutive months... supply, down by 29.8 percent, while manufacturing also dropped by 1.6 percent monthly. Mining... down by subdued growth in output and unchanged new orders. Domestic and foreign demand were affected
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High energy prices fuel uncertainty on fiscal front
EconomyMacroeconomyof slowing down, with the latest HICP from Eurostat recording 12 pct for June, which could translate... by turbulence. Bonds Fortunately, the turbulence on the Greek bond market appears to have calmed down..., which will have a similar impact to the PEPP during the pandemic. A watered-down version
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