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Piraeus records loss of 3.09 bln as aggressive NPE reduction carries impairments
EconomyBankingeuros securitisations of Phoenix and Vega in Q2 2021, 7 billion euros of Sunrise 1 in Q3 2021 and 3... Sunrise transformation plan, which is due to be concluded with 1 billion euros of Sunrise 3 in early... in Q2. Tier 1 ratio was 11.7 pct and 13.2 pct pro forma. The total capital ratio was at 14.4 percent
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomynot changed its inflation estimate for this year, which had a GDP deflator of 1 pct and a harmonized... to circa 1 pct of GDP, from roughly 7 pct last year. The latest package announced for energy subsidies..., at least into February. Since September, the authorities have committed more than 1 billion euros
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Newsletter 328 - 18/02/2022
Democracy leader also trailed a generous rise to the minimum wage from May 1, although he did not speculate... the 2 percent increase adopted on January 1. On the pandemic, the PM said he expects that the situation... inflation of less than 1 pct in the final budget submission. Real GDP will be lower as it will have
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Covid restrictions to be relaxed but public fixated on cost-of-living crisis
PoliticsGreek PoliticsPlevris announced that from May 1 vaccination certificates will not be needed for outdoor and indoor... to operate at full capacity. From June 1, masks will not have to be worn indoors, although there will be some..., support for ND stands at 30 pct, down 1 point on last month, while SYRIZA’s backing is at 24.5 pct
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Newsletter 340 - 03/06/2022
, are evident in the latest PMI release that hit the lowest in over a year at 53.8, down by 1 point..., consumption is seen lower by 1 percentage point and investment down by 2.2 points, leading to a real GDP deviation from the baseline estimate of 1 percentage. It is becoming increasingly evident
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Broad impact of inflation crisis becoming clearer
Agorarelease that hit the lowest in over a year at 53.8, down by 1 point, although still in expansion... the scenario of higher inflation by 2 percentage points in the current year, consumption is seen lower by 1... estimate of 1 percentage. It is becoming increasingly evident that unless tourism can absorb much
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Tailor-made Maastricht criteria for Greece?
Agora1995-2021, compiled by Eurostat, for the EU27 as a whole and for Greece (Table 1). Growth and inflation..., are likely to be around ¾ percent a year on average (a baseline scenario).[1] We assume that the ECB... is senior policy advisor at ELIAMEP. [1] The demographic and productivity calculations were done
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Public debt records back-to-back quarterly drops, falling to 393.49 bln in Q3
EconomyMacroeconomyshort-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 16.2 percent and 10.3 percent respectively. Greece’s cash deposits increased by roughly 1 billion euros to 18.13 billion.
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Newsletter 371 - 24/02/2023
has risen by 1 percentage point to 25.1 pct. Third-placed PASOK has largely paid the price for this apparent rallying of the vote as its support dipped by almost 1 point to 9.8 pct. The undecided voters... back-to-back record years. In 2015, FDI was just above 1 billion euros. PwC presented its annual
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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..., while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 17 percent
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