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Bridge scheme activated as banks look to avoid second-wave NPL increase
EconomyBanking, the concern is that bad loans could inflate to between 10 and 20 billion euros. The 20 billion euros that are currently in moratoria represent 20 percent of the loans that were still being properly serviced
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Risk of poverty drops to 26.3 pct, reflecting post-Covid rebound
Societythat compares the income of the richest 20 percent with the poorest 20 percent dropped to 5.3, from 5.8 in the previous year. The richest 20 pct in 2022 held 45.3 percent of income, while the lowest
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Newsletter 386 - 23/06/2023
beating in May, losing by more than 20 points. Alexis Tsipras is fighting for his political future... an area of concern in 2022 as the current deficit exceeded 20 billion euros, to levels not seen since... is lower by 20 pct, down to 9.64 billion, or 2.5 billion euros. The oil balance is a more modest 2.16
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Mitsotakis names extensive cabinet with dose of renewal
PoliticsGreek Politicstrying to downsize the government. Of the 27 ministers and alternate ministers in the cabinet, 20... of six female members can be considered a step change, especially when just four of 20 ministries, one... the RRF, from which Greece has already 11.1 billion euros but has almost 20 billion more to absorb
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Workers lost almost 9 pct of real income last year, research shows
Society, the risk of persistent poverty is felt by families with dependent children, having gone above 20... to 75 pct in the lower 20 pct of income, and just short of 40 pct for the next 20 pct
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Newsletter 477 - 26/09/2025
as for the lowest 20 pct of households close to 56 pct of income needs to get allocated to housing and food. For the top 20 pct that figure more than halves to nearly 25 pct. According to the same survey... cumulatively by over 30 pct. The increase in the food price levels ranges from 20 pct in Cyprus
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Housing costs, food prices set limits to impact of tax cuts
Economyand utilities. ELSTAT’s household budget survey for 2024 captures the same picture as for the lowest 20 pct of households close to 56 pct of income needs to get allocated to housing and food. For the top 20... cumulatively by over 30 pct. The increase in the food price levels ranges from 20 pct in Cyprus to 57 pct
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Eurogroup clears next bailout tranches for Greece, sets new goals
EconomyProgrammeamounting to 1 billion each are linked to the implementation of milestones agreed between the Greek... of 2.9 billion in 2013, Greece will allocate 1 billion to reduce the country’s debt, 1 billion... involves one-off handouts to 1 million Greeks with low incomes and a temporary boost for members
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomyconsumer price index is anticipated to peak to -1 percent in 2014 easing to -0.6 percent in 2015... to remain in surplus over the 3-year period at 1.2 percent of GDP in 2014, 1 percent in 2015 and 1.8... (from 26.7 percent) in 2015. An additional drop of 1 pp to 24.1 percent is projected for 2016
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Greek banks' equity raising could keep official support to a minimum
Economy, and hybrid securities is activated. CoCos, which qualify as Common Equity Tier 1 (CET1) capital “pari passu... and 78 million to Tier 1 securities. Bondholders are offered the option for a share exchange at 100 percent of nominal value for senior notes, at 80 percent for Tier 2 and at 50 percent for Tier 1
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