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  1. European Commission keeps DSA broadly same, stresses need for relief

    EconomyProgramme

    the same. Near-term growth has been brought in line with the autumn forecasts to reflect lower growth... to use 58.6 billion from the current programme’s available financing, which is 27.4 billion lower... seen slightly lower to 2 percent of GDP by 2025. Debt to GDP ratio stabilises at a higher level

    5%

  2. Budget primary surplus at 2.32 bln in Mar, beating target by 1.22 bln
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    but 13.7 percent lower than the figure for March 2017. The aggregate figure for the first three months... billion euros and 5.4 percent lower than that for the same time last year. Interest payments fell... of the year, expenditure declined by 8.5 percent to 11.36 billion, standing 2 million lower than target. PIB

    5%

  3. Budget primary surplus confirmed at 2.37 bln in March, above target by 1.27 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion in February but 13.7 percent lower than the figure for March 2017. The aggregate figure... below target by 2 million euros and 5.4 percent lower than that for the same time last year. Interest... three months of the year, expenditure declined by 8.5 percent to 11.36 billion, standing 2 million lower

    5%

  4. EC forecast acknowledges pressure on Greek households, revises down growth
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    percent compared to the previous quarter, leading to a considerably lower carryover effect... is less than half the previous 1.2 percent growth forecast and next year’s is also lower from the 1.2... “as it was partly achieved through lower-than-expected spending and a number of temporary factors, including

    5%

  5. Budget primary surplus at 2.33 bln in April on strong PIB underspend
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    month's figure, but below target by 7 million and significantly lower than the figure for the same... in the aggregate period, above target by 689 million euros, and 0.9 percent lower than for the same... billion, below target by 199 million euros and 2.8 percent lower than that for the same time last

    5%

  6. MTFS outlines ambitious economic and fiscal road for next four years
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    balance. According to the finance ministry, Greece will grow by 2 percent in 2018, lower than its... percent in 2022. All estimates are marginally lower than last year’s MTFS when the economic recovery..., to lower property tax and income tax brackets. The total in offsetting fiscal interventions comes

    5%

  7. Eurogroup marks end of cycle and squaring of circle for Greece
    Photo via Fosphotos

    Agora

    with interest payments, after being purchased at lower prices at the start of the crisis... or that it might create perverse incentives on Greece’s side as lower growth would automatically lead to lower debt obligations. Although these concerns are debatable, the most likely outcome

    5%

  8. Are you not entertained?
    Photo by Angelos Christofilopoulos/Fosphotos

    Agora

    GDP in 2017 was close to 64 billion lower than the pre-crisis levels. This drop of 25 percent... drop. The index of wages in the middle of 2015 was almost 30 percent lower than the first quarter... of years, the deposits base of Greek lenders is lower by 108 billion, almost reduced by half. Greeks

    5%

  9. Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
    Photo by MacroPolis

    EconomyBanking

    to TLTRO-II, and 6 million from reduced ELA costs. On the asset side, lower average loan balances and spread reduction in Q2 had a negative impact of 7 million euros. Lower interest income from bonds... of 18.4 percent. This stemmed from lower risk weighted asset impact (+22 bps), other activities (+11 bps

    5%

  10. Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
    Image via www.alpha.gr

    EconomyBanking

    interest income (NII) fell by 3.4 percent QoQ to 426.6 million in Q3. This mainly stems from lower... the previous quarter’s figure of 18.5 percent. This stemmed from lower AFS reserves (-23 bps), risk weighted... position stood as the best amongst Greek banks. Bond portfolio gains had been strong despite lower NII

    5%