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Newsletter 262 -04/09/2020
and pushing to 2021 around 1.5 to 2 billion euros of deferred tax and social security payments... in the local media, the government is aiming to spend 1 to 1.5 billion euros on arms and equipment in the coming months, while total extra spending on defence could reach 10 billion euros over the next 10
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingby 14 percent YoY. New loan disbursements came to 2 billion euros in 9M. A total of 3.1 billion... declining by 39 percent to 513 million euros. Net interest income (NII) edged down slightly by 1 percent... in business loans and 2 million in consumer loans, which offset a rise of 31 million in mortgages. NPL
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Debt relief or debt restructuring for Greece?
Agora) is without precedent in the history of a sovereign debt restructuring exercise.[1] Put otherwise, while in 2010 Greek sovereign debt was primarily held by German[2], French, Italian, Swiss and Japanese... debt dynamics (see graph 1 below) it is a matter of time until this secondary migration process
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Newsletter 222 -04/10/2019
Thomas Cook for 1, 2 and 3 star hotels came to an average of 48 percent of overall turnover for such hotels. For 2019, total losses to Greek hotels stemming from the collapse of Thomas Cook were... still stood at 45.4 percent of total loans, down from 47.2 percent. Meanwhile, the effects from
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBanking(NII) dropped by 1 percent QoQ to 353 million euros, representing a rise of 1 percent year-on-year... (project Phoenix), with a time frame to completion in H1 2020, along with 1 billion commercial... As mentioned, NII stood at 353 million euros, down by 1 percent QoQ and representing a rise of 1 percent
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Newsletter 255 -26/06/2020
be broadened so that another 1 billion euros is returned to firms. The process of returning the tax... Kathimerini, the government is looking for 2 billion euros fiscal space so it can get back on track... million for the property tax reduction and 1 billion to reduce social insurance contributions
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Newsletter 73 - 13/05/2016
that are estimated to yield 2 percent of GDP and overall two-thirds of the required fiscal measures... package of parametric fiscal measures amounting to 1 percent of GDP, including an increase in the basic... by five years, reprofiling the amortisation scheme and capping the interest charged to Greece at 2
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Newsletter 335 - 15/04/2022
higher towards 2 pct of GDP, from 1.4 pct previously. Finance Minister Christos Staikouras also... the primary surplus to 2 pct of GDP this year, there is a steep fiscal effort coming in 2023, having... ID, taking the total unpaid dues during the first two months of 2022 to 2.5 billion euros. Some
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Newsletter 210 -07/06/2019
contraction of 1 percent in 2017. The ongoing stabilisation of property prices, now in its fifth quarter... in as many months. The total number of permits came to 1,156, rising above the 1,000-permit mark after... euros. As of April the total for overdue debt, including both new and legacy debt, stands at 104.56
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GDP shows annual growth of 2.2 pct in Q3
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP grew by 1 percent quarter-on-quarter (QoQ) in the third... has stayed above 2 percent for four out of the five previous quarters. In addition, GDP at current... percent YoY. Final consumption represents the majority of GDP, making up 86.8 percent of the total figure
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