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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammesubmitted by the Greek authorities on December 9 and the EFSF proposal for a technical extension on December... of the current troika review. The estimated duration of the ECCL is 12 months. The amount provided... that Greece’s funding needs for 2015 range between 6 and 12 billion euros. This means that the 10.9
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How Greek banks were left on the brink
Agorabillion (12 percent) from the general government and around 1.7 billion from non-euro area... and June 19, the ECB Governing Council has decided to increase the ELA cap for Greek banks by around 9... indicated they had an ELA cash liquidity buffer of 38 billion euros, with NBG and Piraeus at 12 billion
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgramme(additional needs of 9 billion). The programme’s privatization revenues were estimated at 23 billion... into the Treasury. Overall, the IMF estimates Greece’s net financing needs at 29.3 billion in the next 12...), while arrears’ clearing stands at 7 billion in the next 12 months and the same number is assumed
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The targets and deadlines in Greece's privatisation programme
EconomyProgrammefor December. 9) Athens International Airport (AIA). The project relates to the sale of a 30 percent... analysis of options is due to be presented to HRADF BoD by November. 12) Hellenic Telecom Organization... further delay the ratification. New Asset Fund According to the Euro Summit statement of July 12
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Strong start for Greek stocks but they end week down 3.4 pct
Economytheir Q3 results on November 9 and 12 respectively, while Jumbo’s Annual General Meeting... percent to almost 60 million. Nevertheless, net profits sharply dropped by 56.6 percent to 12
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Travel receipts fall by 5.4 pct in Sept for first drop in 2015
EconomyMacroeconomyin September, while the corresponding payments dropped by 12 percent to 155.8 million. As a result, travel..., travel payments eased 2.7 percent to 1.5 billion. Overall, the 9--month travel balance recorded a surplus of 11.07 billion, up by 5.8 from last year’s figure of 12 billion. Unlike September
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammereplacement rate. This rate stands at 12 percent for 15 working years, at 37.5 percent for 35 working years... for multiple pensions. 9) The currently paid pensions will be recalculated but if the new pension.... 12) The zero-deficit clause on supplementary pensions is replaced by a viability rule, which
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Investment: The forgotten casualty of the Greek crisis
Agorayear for which data is available, it was a mere 21.7 billion euros and just 12 percent of GDP... percent. Investment in transport equipment was just below 12 billion euros, almost 20 percent of total... in 2014, a nosedive of 93 percent. Investment in housing now represents a mere 9 percent of total
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Newsletter 68 - 01/04/2016
on the first programme review to be reached by April 12 and decisions to be clinched at the Eurogroup...: Department stores (+9 percent), food, beverages and tobacco (+5.5 percent) and pharmaceutical products... was in 1989, the year that the Berlin Wall fell. Since then, there have been 12 general elections
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Bank of Greece report overviews lenders' profitability, urges drastic NPL management
EconomyBankingincreased by 9.1 percent (+9 billion) to 108 billion at the end of 2015 from 99 billion at the end... percent in the second half of 2015, while the value of card transactions increased at a slower pace of 12... with the value of card transactions reaching 53.2 billion euros, up 12 percent from last year. However
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