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Minor changes in Greek time deposit rates, higher movements in corporate loans
EconomyMacroeconomybps higher than the respective rate in the other comparable countries such as Portugal and Italy... more than 3 percentage points above the respective euro area average rate. In contrast, the rate... 2010, form when data is available. However, it still stands 180 bps higher than the eurozone
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The six reform proposals Greece hopes will help unlock more funding
PoliticsGreek Politicsby the current government with its eurozone partners is better than the previous one. MRB for Star TV Is new EZ deal better/worse than before? Much better 13.2 Probably better 57.1 Probably worse 14.7... the government went in the negotiations also seems to have broad support, with more than half of respondents
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Reported widening of revenue shortfall in Feb as liquidity worries persist
Economy(ENFIA) revenues, are higher from last year but lower than target. In January VAT revenues reached 1.33... of VAT revenues in February, due to the payment of January obligations, would reduce rather than... to the January figure than the total amount would reach 2.63 billion in line with target of 2.65 billion. Note
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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammein the first half of the year, according to the 2015 budget, shows revenues in March will be lower than..., much earlier than in 2014, according to the initial schedule of the previous government. However... was based on the notional rather than the estimated ENFIA revenues. This means that the new tax would bring
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General gov't primary surplus shrinks to 419 mln in January
EconomyMacroeconomyeuros in January 2015, much lower than the 1.88 billion euros posted in January 2014, according... respectively. At the end of January, EFSF/ESM/IMF loans stood at 217.86 billion euros making up more than two.... Both bank-related guarantees make up more than three-fourths of total. The remaining 23 percent
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Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBankingfrom gains of 17 million in Q3, which more than offset lower operating expenses and a positive impact... of 120 million in 2015. At the end of 2014, the group’s headcount was reduced by more than 1,740.... The network was trimmed by more than 50 to 1,032 branches. The sharp rise in provisions led cost of risk
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Newsletter 20 - 20/03/2015
that primary expenditure was 538 million better than the target in February. However, the fact that revenues... performance was weighed by trading losses that more than offset the NII rebound. Going forward...-thirds to individuals and half of them to accounts with balances of less than 100,000 euros
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After paying IMF, Greece looks to cover remaining funding needs for March and April
EconomyProgramme, the government still has to cover financing needs of 1.5 billion euros in March and more than 2 billion... needs for April stand at 0.82 billion, of which more than 400 million relate to IMF repayments. During... that the Finance Ministry is mainly working on using existing sources to meet its obligations rather than to opt
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Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgrammeby consumption and investment expenditure. Unemployment is seen dropping by more than 1 percentage point (pp) in 2015 to 23.4 percent, yet the absolute figure is higher than the 22.6 percent predicted... are forecasted at 19 billion euros, 2.7 billion lower than those incorporated in the 2015 budget. The document
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What in the world will we do without barbarians?
Agorathe phase when the country’s insolvency was managed rather than created. This adds to the plethora... benefits represented more than 21 percent of GDP by 2009 from less than 15 percent in 2000. At the same
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