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Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
EconomyMacroeconomyby a net decrease in Financial Support Mechanism (FSM) loans (by 2.2 million). The rise in T-Bills stems... relate to the EU - bilateral loans (52.9 billion) and EFSF (141.8 billion) - and 31.8 billion... corresponding to 20.5 percent of total. Of this amount, 19.8 billion relate to Greek government bonds held
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Newsletter 42 - 11/09/2015
drops Greece’s consumer price index (CPI) fell by 1.5 percent in August, from 2.2 percent... development so far relate to the asset quality review (AQR) and the stress tests – both conducted... banks. The small details that have emerged so far mainly relate to the macro assumptions
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomypercent discount in VAT on islands (2.2 billion) 2) Increase in the solidarity levy rates (390... euros for the two-year period, of which 2.03 billion relate to 2015 and 4.35 billion to 2016... relate to: Expenditure and cost savings (2.39 billion – 37.5 percent of total) 1) Increase in health care
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomyhave been downward adjusted by 2.2 percent to 48.16 billion euros in 2016, largely reflecting... 2.59 billion refer to 2017. The bulk (2.51 billion) of 2017 interventions relate to incremental... impact of 79 million relate to: 1) Social security contributions and social allowances
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Central debt records small rise to 401.53 bln in Q1
EconomyMacroeconomya drop of roughly 1 billion euros in bonds and a rise of 2.2 billion euros in loans related to a rise... loans came to 234.16 billion euros in Q1. Most of FSM loans relate to the EU’s financial assistance... attached to the first programme, which Greece has started repaying. An additional 130.9 billion relate
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Mitsotakis pledges more tax cuts in 2020 amid police violence claims
PoliticsGreek Politicsbracket concerns those earning between 12,000 and 20,000 euros a year, who pay an extra 2.2 pct in tax... constitutional expert Nikos Alivizatos, threatened to resign in the wake of the incident, arguing
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Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
EconomyMacroeconomybillion euros and was below target by 611 million. Net revenues came to 50.96 billion euros, under... expenditure came to 44.20 billion, below target by 611 million euros. Interest payments declined YoY
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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingcontracted by 3 percent QoQ to 64.9 billion. The 2.2 billion QoQ drop in Q4 in entirely due to its Greek...) ratio fell by 2.2 pps QoQ to 13.6 percent in Q4 from 15.8 percent in Q3, primarily reflecting... relate to the sale of a 40 percent stake in Turkey’s Finansbank and disposal of its Greek insurance
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Complex privatisation fund faces tall order to reduce Greek debt
Economyeuros, of which 2.2 billion relate to HFSF holdings in Greek banks, 940 million to HRADF holdings... and the market value of its holdings currently stands at 2.2 billion. HRADF was also established in July
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Political friction surfaces in first days of second national lockdown
PoliticsGreek Politicsby Cisco. Cisco confirmed that the servers hosting their Webex platform had been overwhelmed
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