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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economyof total ELA-eligible collaterals, at 45 and 30 percent of total respectively. Taking into account the breakdown of total collateral by type, the collateral poll is almost equally split between state..., the total figure stands at 115 billion. Assuming an average haircut of 40 percent, the nominal
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Overdue social security debt reaches 30.5 bln in Q3 on consolidation of debtors
EconomyMacroeconomythe total overdue stock of 30.53 billion, over two thirds (22.51 billion) related to main SSC debt... of the total unpaid contributions between Q4 2016 and Q1 2017 contributed to this increase. The breakdown... of 3.34 billion euros (10.9 percent of the total). Overall, 827,369 debtors fall into this category
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General govt primary cash surplus at 1.65 bln in May on slower expenditure decline
EconomyMacroeconomywas in extrabudgetary funds, where a YoY fall of 241 million was observed. The total figure for this category... percent of the total. Arrears Arrears to the private sector (including tax refund arrears) fell by 390...) and extrabudgetary funds (-7 million). Since the start of the year, total arrears have fallen
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General govt primary cash surplus at 2.82 bln in July, arrears unchanged
EconomyMacroeconomyin hospitals. No change was noted in state budget arrears. Since the start of the year, total arrears have... in July. This was followed by tax refunds at 29 percent of the total. Debt Central government gross.../IMF loans fell by 488 million to 238.59 billion, representing 69.6 percent of the total debt. T-Bills
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General govt primary cash surplus at 3.51 bln in August, arrears fall by 306 mln
EconomyMacroeconomywent down by 6 million. Since the start of the year, total arrears have fallen by 298 million... SSFs which made up 28.9 percent of the total. Debt Central government gross debt rose by 13.89... loans increased 15.03 billion, representing 71.1 percent of the total debt. T-Bills declined by 411
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General govt primary cash surplus at 1.98 bln in March, arrears rise by 62 mln
EconomyMacroeconomy) and local governments (+30 million). Since the start of the year, total arrears have risen by 177 million... million euros) and state budget (+32 million euros). At 28.2 percent of the total, SSF arrears made up... of the total debt. In the other underlying subcategories, T-Bills edged down by 6 million to 15.27
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New overdue tax debt comes to 104.8 bln in July, number of debtors jumps
EconomyMacroeconomyfor the same period last year by 17.7 percent. In June the total stood at 3.61 billion euros. New unpaid obligations from tax categories showed a rise of 284 million month-on-month in July, bringing the total.... The total number of tax debtors jumped by 269,155 month-on-month in July, rising after five consecutive
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Banks enter final quarter with high hopes for bad loan reduction while challenges remain
EconomyBankingof the EU rules. Hercules aims to take a total of 30 billion euros in bad loans of the books... by around 26 billion euros. The total still remains extremely high, coming to 78.8 billion euros..., Piraeus Bank has the highest NPE stock on its balance sheets with the total currently standing at 26.1
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Traditional sectors carry burden of job creation as unemployment levels fall
EconomyMacroeconomyinitiatives to stretch out a safety net below the labour market are included, the total came... the total over the period to 7 billion euros, from a combined spending package of 22.6 billion euros... of total employment, wholesale and retail jobs are over 17 pct of jobs and manufacturing is just shy
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Labour database shows 8 in 10 workers earn less than 1,200 per month
Economythan 10 workers, some 262,634 companies out of a total of 298,255. Around 10 pct employ between 11 and 50. This leads to a total dominance of SMEs in the Greek economy, with more than 98 pct... employees. SMEs also have a significant portion of total employment as companies with up to 4 employees have
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