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Banks step up securitisation drive following pandemic interruption
EconomyBankingannounced. Alpha submitted a request for the use of just over 3 billion euros of state guarantees... billion euros. This is part of a 7-billion-euro total securitisation exercise for Piraeus, which it hopes..., which is several times above the EU and eurozone averages of close to 3 pct. This is why
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Surge in Covid-19 deaths as work on adjusted 2021 budget nears completion
PoliticsGreek Politicsby the government. A total of 109 deaths were recorded over the weekend which, as one local newspaper pointed... climbing to 200 pct. The primary deficit will be at 3 pct of GDP, and the general government deficit... already, such as the 3 percentage point reduction in social insurance contributions and the suspension
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Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros
EconomyMacroeconomythe total EU flow to 5.51 billion euros. Private consumption is expected to grow by 3 pct in 2021... interventions include the reduction of social insurance by 3 percentage points, which will have a fiscal
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Newsletter 291 - 02/04/2021
, increasing the total size of the package to 57.5 billion euros, from the 30.9 billion euros it gets... points. Retail turnover drops by 5 pct in January Volume decreases 3 percent, led by decline... fell by 3 percent after a revised decrease of 11.5 percent in the previous month. Compared
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We can't ignore population shifts within the European Union
Agoramore broadly.[3] Thus, it would appear that since the development of the EU as a common market...-west regions. The share of the total population concentrating in the north-west regions is expected.... The relative fortunes of countries often go back-and-forth. [3] Norway is not an EU country but is included
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Discussion over PEPP, SGP draw attention to rising yields
EconomyFeaturesfor 2021, the total fiscal cost of the support packages including 2022 will exceed 30 billion euros... bond, 2.5 billion in a 30-year note in March, 3 billion in the 5-year in May and 2.5 billion euros... of the debt threshold to 100 pct, from 60 pct currently. It also proposes keeping the 3 pct of GDP
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Central gov net cash position shows deficit reined in from last year to 6.97 bln
EconomyMacroeconomyfor the first 10 months of the year showed that revenues increased by circa 3 billion euros from last year... to 5.55 billion euros. Overall expenditure in the first 10 months showed a rise by approximately 3 billion euros, bringing the total to 50.71 billion euros. The Public Investment Budget (PIB) balance came
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Covid spike forces change in govt plans, eclipsing deal with banks for rollout of RRF loans
PoliticsGreek Politicsthat were due to come into force on January 3. The announcement of 21,657 cases led and a positivity... to announce on Wednesday afternoon that the restrictions which were lined up for January 3 would take... the total of potential investment spending up to 2026 at 32 billion euros. The loans will carry
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First bond of 2022 attracts fewer offers, more than double last year's yield at 1.83 pct
Economy, rolling out its 12-billion-euro debt strategy of 2022. Greece issued a 10-year benchmark of 3 billion... closed with offers exceeding 15 billion euros and by mid-afternoon the transaction closed at 3 billion... the total for the issue to 6 billion euros, making it the largest single security of the Greek state
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Newsletter 329 - 25/02/2022
year, a fiscal turnaround of close to 3 pct of GDP. According to the Finance Ministry’s budget... rising to 195 billion euros. A primary surplus of 1.5 pct of GDP in 2023 translates into roughly 3.... The total goods deficit in 2021 came to 25.62 billion euros, from 18.53 billion euros in 2020. The aggregate
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