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Newsletter 143
is for everything to be completed before the January 22 Eurogroup. The attempt to settle the prior actions got off... representing notaries in Athens and Piraeus decided to call off the transactions because of the high... in meeting their non-performing exposure (NPE) reduction target in Q3 2017. Excluding off-balance sheet
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Coalition approves multi-bill in Parliament, Tsipras picks up extra MP
PoliticsGreek Politicschildren would be worse off as a result of the changes the government is making to the system. However... in the 300-seat Parliament but will help fight off doubts regarding the government’s cohesion. The opposition.... If the third review is rounded off, Athens can turn its attention to the next bond issue, the bank stress
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European Commission keeps DSA broadly same, stresses need for relief
EconomyProgrammein 2017, with the long-term growth seen levelling off at 1.5 percent after 2022 due to the output gap... more conservative exercise, long-term nominal GDP growth is seen levelling off at 2.7 from 2023 to 2060... of what Greece could expect from the debt relief discussions that are about to kick off imminently
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Greek banks' NPL selloff gathers speed
EconomyBankingto write-offs and cured loans, another strategy to reduce bad loans is to sell them off in bundles... that Greek banks beat their NPE reduction targets, after being off course in the preceding two quarters. Excluding off-balance sheet items, NPE stock was reduced by 2.7 billion euros quarter-on-quarter
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Government bolsters aid package as questions mount over deadly fires
PoliticsGreek Politics” includes one-off payments of 5,000 euros to families and 8,000 euros to businesses; exemption from the ENFIA property tax; a suspension of property auctions; the writing off of debts to the Public... euros they received as a one-off emergency payment in 11 years ago. However, it is unlikely
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Newsletter 172 -27/07/2018
package of measures” includes one-off payments of 5,000 euros to families and 8,000 euros to businesses; exemption from the ENFIA property tax; a suspension of property auctions; the writing off... the government reacted since the fire will be difficult to shake off. It casts a different light
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Newsletter 175 -21/09/2018
but the concern that agreeing to call off the cuts will create political problems and send a negative.... Excluding off-balance sheet items, the NPE stock was reduced by 3.8 billion euros quarter-on-quarter (QoQ... and the improved tax revenue collections entailed could taper off as customers return to paying by cash once
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Primary surplus confirmed at 3.34 bln in Dec, misses annual target by 367 mln
EconomyMacroeconomy5.42 billion euros, off target by 922 million euros. The MoF noted that the shortfall was mainly... billion euros. The negative balance in the aggregate period was off target by 406 million euros... a one-off payment related to law 4575/2018, which will be paid on January of 2019 instead of December
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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingit will mean a reduction in regulatory capital as banks will need to write off deferred tax credits (DTCs) accumulated. Legally, the amount written off in connection to DTCs will be recognised... mechanism in the proposal allows for the non-activation of DTC legislation, allowing banks to write off
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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammethat the institutions have asked for the cut-off date to be moved back by two months, to the end... approval from the European Stability Mechanism for the right to pay off at least some of its loans... to surcharges. Kathimerini reported on Thursday that Athens would like to pay off this year’s and next year’s
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