Search
-
Banks meet NPE reduction targets in Q3, adjust targets for next two years
EconomyMacroeconomypublished by the Bank of Greece (BoG) on Tuesday afternoon. After being off-target for two successive... for Q3. Excluding off-balance sheet items, NPE stock was reduced by 2.7 billion euros quarter... to the end of September. This quarter’s sales was largely composed of one particular sale by a single
5% -
Mitsotakis bids for nation's soul, Tsipras ramps up handouts
PoliticsGreek Politicsto work due to the damage inflicted by the flooding would receive a one-off benefit payment of 600... would receive a one-off payment of 400 euros. It is estimated that there could be up to 55,000
5% -
Aegean tension presents Tsipras with urgent domestic, foreign policy challenges
PoliticsGreek Politicsvessel recently rammed a Greek patrol boat off these islands, which the two countries were close.... He also called for citizens to avoid flashpoints such as the one apparently created by three young Greeks who placed a flag on a rocky outcrop off Fourni, which the Turks claim their coast guard took
5% -
Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingin Greece reflected net profits of 32 million euros, excluding one-time employee costs. Pre-provision income (PPI) fell by 55.1 percent quarter-on-quarter (QoQ) to 65 million. When excluding one-off... fall year-on-year (YoY). Asset quality Pre-write off non-performing exposure (NPE) formation fell
5% -
Newsletter 171 -20/07/2018
similar to the one paid out from the excess surplus over the last two years, the return of collective... to retirees from the fiscal overperformance expected this year. Avoiding the pension cuts one way or another is key to Tsipras's election planning. If the intervention is put off or counter-balanced
5% -
Government indicates readiness to play waiting game on pension cuts
PoliticsGreek Politicsto be countered by one-off benefits from the fiscal overperformance so that retirees do not feel... Liakos stood out. In an interview with To Vima, Liakos – one of Alexis Tsipras’s key advisers – said that there will only be a possibility of calling off the fiscal measure if the unified social
5% -
Newsletter 176 -28/09/2018
that one option would be for the government to delay the submission of the draft budget, especially since... and Kammenos met last Friday to put on a show of unity. The meeting seemed aimed at killing off the speculation... of a potential of faster than anticipated growth as past reforms start paying off. This positive
5% -
Primary surplus confirmed at 822 mln in Feb
EconomyMacroeconomymillion euros have been incorporated into the 2019 figures so as to cover one-off payments under the law 4575/2018. The one-off payments made in 2019 came to 324 million euros and were incorporated
5% -
EC spring forecast sees growth of 2.2 pct in 2019, 2020 but warns of hampered public investments
EconomyMacroeconomyin this year, factoring in the one-off positive impact of debt measures agreed in April. The balance..., before dropping to an increase of 0.4 percent next year. One of the main risks highlighted... off. Although the report acknowledged improved tax debt collections and better clearance
5% -
Budget primary surplus confirmed at 1.46 bln in April, above target by 2.31 bln on higher revenues
EconomyMacroeconomymillion euros being incorporated to 2019 to cover the one-off payments related to the law 4575/2018... salaries by 330 million euros (mainly the one-off payments of law 4575/2018) and a rise in PIB
5%