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Newsletter 226 -01/11/2019
in building its case for lower primary surplus targets in the coming years. Although Prime Minister... the creditors to lower it after that. This was one of the key election pledges he made.... Now S&P and Fitch are on a par, while Moody’s has Greece one grade lower. This means Greece is three
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Budget primary surplus at 823 mln in February
EconomyMacroeconomy. For the same month last year, the primary surplus was much lower at 93 million euros. The budget balance... the target by 249 million euros. On an aggregate basis, gross revenues came to 8.27 billion euros, lower... to 7.55 billion euros in the aggregate period, under the target by 476 million euros, and lower by 3.6
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Newsletter 252 -29/05/2020
one unit of NPE reduction is lower via the bad bank than via securitisations. Stournaras is reportedly... hoteliers to keep their establishments open over the summer amid fears that lower visitor numbers... total revenues stood at 15.43 billion euros, lower than the target by 1.25 billion or 7.5 percent
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Alpha Bank posts net loss of 10.9 mln in Q1
EconomyBankingcalendar effect alongside lower interest contribution from loans and higher funding costs off the back... to seasonally driven lower revenues from cards and the base effect of higher revenues from bond... by the coronavirus crisis, also due to lower tourist arrivals, partly counterbalanced by lending fees
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Newsletter 282 -29/01/2021
opened with a guidance of mid-swaps plus 105 basis points, 5 basis points lower than the initial talks. By 11:00 UK time the book had reached 25 billion euros, which pushed the spread even lower by 5... at the end of last year for a 15-year re-open, fund managers are lower from the 61 pct
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Has external competitiveness been fixed in Greece?
Agoraand moderately lower unemployment. Increased wage growth led to higher inflation than in other euro...? Indeed, when will the country witness that unemployment returns to much lower levels? When... in these calculations from figure 1 above? The lower bold line of figure 1 is the IMF’s REER
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Fitch improves outlook to positive, sees investment grade hinging on fiscal performance and banks
Economydiscipline and the better-than-expected growth will push down debt-to-GDP ratios significantly lower, to 190.3 pct this year from 206.3 pct in 2020, edging even lower to 185.3 pct in 2023. Fitch also notes... be subject to a rating upgrade if public finances surprise on the upside leading to lower deficits
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Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
EconomyMacroeconomyis lower by 1 percentage point from estimates. In the adverse scenario, the growth rate drops by 1... assume the continuation of the relief measures that were introduced during the pandemic - lower social... balance in favourable terms as higher inflation pushes up nominal GDP and budget revenues. Lower
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Does the EU Commission suffer from optimism bias? (Part 1)
Agora, and somewhat lower employment later on. But the demographic anchor exerts itself in both baselines... to the baseline scenario, is the result of higher participation, lower structural unemployment... projection horizon is 2070. All member states that start with lower-than-average labor productivity
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Wage rises become top issue but trajectory lined with obstacles
EconomyMacroeconomyof 25 dropped even lower to 510 euros. To keep wages low, part of the policy formula agreed with Greece... the nominal average wage in Greece is roughly 2 pct lower than it was 2010 and half a percent lower... promised public sector workers sees rises of 10 pct for the lower paid and around 3 pct for higher
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