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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammeeurozone officials recently stated that pension reforms are also key for unlocking the next tranche of 3..., 344.7 million in 2018 and 455.3 million in 2019. 3) Integration into the Unified Auxiliary... of beneficiaries in March 2016. 3) The application of a penalty equivalent to 10 percent on early
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agora) results prompted banks tio increase their provisions for credit risk by 3 billion euros YoY to 12.85... billion a year ago. The difference of around 3 billion euros between the rise in cumulative provisions... than 3 billion euros in the course of last year to 85.1 billion at the end of 2015. In addition
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Asking Greece to stack more austerity measures ignores past failings
Agorawill need to implement 3 percent of GDP, more than 5 billion euros, in further austerity measures up... issues of 3- and 5-year bonds and, after years of recession, the first sign of growth was recorded... up the starting point of Greece’s fiscal effort by an extra 3 percent of GDP. Based
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBanking(QoQ) on the back of net interest income (NII) rebound and cost containment. NII rose 3 percent QoQ... funding collaterals. Gross loans decreased 3 percent QoQ to 66.3 billion, while deposits fell... to see deposit inflows of around 3 billion. The phased-in Common Equity Tier 1 (Tier1) ratio eased
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Pending pensions mount up, complicating fiscal effort
Economy), stands close to 3 billion euros. The majority (2.16 billion euros) of this stems from IKA and 670... are taken into account. As a result, the current deficit of 3 billion would reach 6 billion including.... The latter currently stands at 1.3 billion, while ETEA’s total wealth is estimated at 3 billion
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Greek stocks drop 2.5 pct for second straight week, banks tumble 5.4 pct
Economylowest level since October 3, while Greek stocks recorded cumulative losses of 3.4 percent..., chairwoman at NBG, resigned on November 3, while Panagiotis Thomopoulos elected new non-executive.... The stock traded ex-dividend on November 4. Coca Cola HBC released a trading update on November 3
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Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBankinglosses of around 3 billion. Core pre-provision income edged up 1.5 percent quarter on quarter (QoQ... and reached 1.92 billion in 2016. Fee income stayed almost flat QoQ at 81.2 million. It rebounded by 3... to 1.17 billion from the exceptionally high figure of around 3 billion in 2015. As a result, cost
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Greece completes first bond issue in three years, eyes more on way out of programme
EconomyGreece has tapped capital markets with a 5-year bond issue for the first time since 2014, raising 3... offer was 2.08 times oversubscribed. Of the total amount of 3 billion raised from the new bond... similar transaction in April 2014. At that time, Greece raised 3 billion from a syndicated bond issue
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IMF insists fiscal targets unrealistic, cites historical evidence to support case
EconomyProgrammeperiod, Greece has been running a primary deficit in the region of 3 percent of GDP. The only exception... to meet the overall deficit target of 3 percent for euro adoption, though quickly reversed to primary... of GDP only 3 cases have managed to maintain that target and, when excluding resource-rich countries
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Budget primary surplus confirmed at 2.29 bln in April on improved tax collections, lower PIB spending
EconomyMacroeconomy, which was very slightly over target by 3 million. A smaller rise of 5 percent was also noted... largely by consumption tax rising by 9.2 percent to 2.64 billion, while VAT revenues rose by 3 percent... period were confirmed 35 million, a slight increase of around 3 million euros against the previous
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