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Cash primary surplus reaches 1.3 bln at end of June on lower expenditure
EconomyMacroeconomyof preference shares by Alpha and Piraeus. Similarly, this year’s figure incorporates one-off revenue... one-off items from both years, we get an adjusted primary cash surplus of 747 million for the first... cash revenues fell by 12.8 percent to 19.11 billion. Excluding the one-off items from both periods
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Cash primary surplus contracts 2.9 pct to 2.68 bln on weak revenues in Sept
EconomyMacroeconomy. This year’s figure incorporates one-off income of 556 million the Hellenic Financial Stability Fund... that were transferred to the state in March 2015. Excluding these one-off items from both years’ reported...). Cash revenues dropped by 8.7 percent to 31.46 billion, while excluding the one-off items from both
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingEurobank kicked off the fourth-quarter (Q4) reporting season of Greek banks posting net loss... Single Resolution Fund of 30 million and 12 million one-off contribution to the resolution of a cooperative bank. For the whole year, expenses (excluding one-off items) fell below the 1-billion mark
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Asking Greece to stack more austerity measures ignores past failings
Agorabillion euros. (Table 2.2). Greece’s programme started going off track early in 2011 when it became... were going out of the window. Off track But 2010 set the tempo and the policy of “stacking” more... the one-off spending on bank recapitalisations. The figures demonstrate how much fiscal effort Greece has
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Newsletter 74 - 20/05/2016
with Piraeus, announced in late 2014. Eurobank kicked off the banks’ first quarter (Q1) reporting season... for automatic spending cuts if Greece’s primary surplus veers off track proved less controversial than...-off fund in which Greece’s lenders have a considerable say and which has access to a vast array
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Fool Britannia
Agoravitality into the Leave campaign, went off toplay cricket; and his other Leave colleagues admitted... lies and stoking hate. “You were only meant to blow the bloody doors off,” Michael Gove’s wife, Sarah... of financial institutions relocating and numerous businesses holding off on investments, gives
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The IMF and Greece's bitter pill
Agora, the authors appear to have few reservations to sign off on those unrealistic targets even if this means Greece has to stack more measures that the IMF believes will kill off demand and growth in the short... is prepared to sign off and let Greece swallow another bitter pill that the Fund doesn’t believe will cure
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Newsletter 101 - 23/12/2016
– even though eurozone finance ministers signed off on the measures at the December 5 Eurogroup... their concerns about the Greek government’s handouts and seeking pledges that these were one-off... out this one-off item, the comparable primary cash surplus widened by 2.48 billion to 6.96 billion
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Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
EconomyMacroeconomyincludes the payment of 630 million for one-off support to low-income pensioners. In addition, 2016... overperformance by 2.41 billion, including the one-off payment of 630 million (0.36 percent of GDP... to the 2017 budget, gg primary surplus (excluding the one-off payment of 0.36 percent of GDP) was expected
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Pensions main source of finance for half of households as income falls again
Societyof households reporting that they were worse off quantitatively and qualitatively than before...) and education. Over half of households said they put off going to a doctor and receiving medical treatment... a household appliance, while 35 percent put off getting their car serviced. While almost one in ten
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