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Greek banks' capital actions underway, state aid seen as low as 4.7 bln
Economyas the bail-in of securities, meaning that the bank would seek state aid of 2 billion to cover its... around 2 billion would be in the form of CoCos and 0.7 billion in common shares. The book building
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Newsletter 52 - 20/11/2015
passed the omnibus bill containing the last set of prior actions to unlock the next sub-tranche of 2.... Funding has dropped by 7.19 billion since July. 2 A rock and a hard place Greece faces prospect
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Travel receipts fall by 5.4 pct in Sept for first drop in 2015
EconomyMacroeconomy) and the UK (+17.5 percent), while arrivals from France grew by a modest 2 percent. In contrast, incoming... tourist arrivals in 2015 will be met. Such a development would correspond to a rise by 2 million
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Greek pensions: The unsolvable equation
Agorain 2010, the equivalent of 2 percent of that year’s GDP. Contributions evaporate By design, the Greek... in 2016. Spending on welfare has been almost halved from 4.2 billion euros in 2011, 2 billion of which... took a major hit not only as a result of people dropping out the labour force en masse but also due
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Newsletter 62 - 12/02/2016
at an accelerating pace of 5.2 percent in December from an upward revised 2 percent in November. December’s... is the highest since January 2007. 2 A rock and a hard place PM can no longer charm his way out
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammeunconstitutional the pension cuts imposed in 2012. This is estimated up to 2 percent of GDP or 3.7 billion... main and supplementary pensions as well as lump-sums. The hidden fiscal gap is estimated in excess of 2
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Newsletter 64 - 26/02/2016
slightly in January, when it rose to 2.1 percent compared to 2 percent a month earlier. The net... lending sector. 2 The beast within Border closures to the north will stretch Greek resources
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingfor cost of risk south of 2 percent in 2016 and below 1 percent in 2017-18. The overall stock... of risk below 2 percent and flattening out NPL formation. The single most important driver for PPI
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Tension rises in Greece but creditors see potential for agreement soon
PoliticsGreek Politicson the mechanism for identifying and implementing and extra 2 percent of GDP in fiscal measures.... For the Greek government, the vital element is that it should not have to detail another 2 percent
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Greece looks for support as expectations for May 9 Eurogroup lowered
PoliticsGreek Politicsagreement by May 9, including on the 2 percent of GDP in contingent measures, is possible. The nature... prevent the institutions from forcing Greece to define and legislate the extra 2 percent of GDP
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