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Budget primary surplus of 2.68 bln in first quarter, but March trims outperformance
EconomyMacroeconomyin March from more than 3.9 billion in the preceding two months and much lower Public Investment Budget...) more than offsetting lower than expected PIB balance (by 366 million). The state budget balance showed... target, also reflecting lower military procurement of just 15 million, well below target of 193 million
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingto 382.8 million mainly driven by lower funding cost resulting from a reduction in Eurosystem funding... for the second successive quarter by 10 percent QoQ to 67.8 million fully attributed to lower government.... Operating expenses fell 4.2 percent QoQ to 253 million largely reflecting lower administrative
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IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief
EconomyProgrammeand 24 percent by 2060 and could lower debt by 84 percent of GDP by 2060, also assuming that Greece... that lower interest rates coupled with maturity extensions and payment deferrals would reduce Greece’s... lead to lower gross financing needs remaining close to 15 percent of GDP by 2060. However, if growth
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Newsletter 83 - 22/07/2016
lenders to reach an agreement on debt relief. He added that lower fiscal targets could be one... to the lower-than-expected primary expenditure by 2.1 billion coupled with a revenue over-performance... reflects a marked drop in the services surplus, attributed to lower net sea transport receipts, while
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Disposable income drops 1.8 pct in Q1 on rise in taxes and social contributions
EconomyMacroeconomy. In the public sector, lower salaries reflect cuts in the public sector payroll as well as the abolition... billion euros in Q1. Nevertheless, they remain more than 25 percent lower than the 2010 levels... and -0.8 percent in Q3 of 2015. However, it remains slightly lower than the Q1 2015 level of -10.4
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Budget primary surplus of 3.6 bln by July, monthly revenues short of target by 315 mln
EconomyMacroeconomy, largely attributed to lower expenditure (2 billion below target) and higher than expected revenues... million lower than that in the first half. For the full year target of 50.57 billion euros to be met... billion lower than target, and remains the key contributor the fiscal outperformance. PIB The Public
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Q2 GDP rebounds 0.2 pct QoQ but shrinks 0.9 pct YoY amid consumption drop and investment rise
EconomyMacroeconomyis slightly lower than the 0.3 percent QoQ rebound reported in the flash estimates released on August 12... for Q2 is lower than the -0.7 percent published in flash estimates. GDP at current prices rebounded... percent in H1 largely attributed to lower net transport receipts due to capital controls, while
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Greece's harsh social reality
Agoraunemployment in 2015 was 875,259 – equally affecting men and women – and only marginally lower from..., with a knock-on effect on incomes. In 2009 that figure was much lower at 539,000. These labour..., spending habits have also changed as lower disposable income required the reallocation of financial
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingmillion, mainly reflecting lower costs related to pillar II bonds. Net interest income (NII) edged up 1 percent QoQ to 482 million largely driven by lower funding cost due to reduced Emergency Liquidity Assistance (ELA) funding as well as lower deposit cost. Fee and insurance income rose by 4 and 30
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agorafrom last year. The improvement mostly reflects lower wholesale funding cost, stemming from the reduced reliance on the Emergency Liquidity Assistance (ELA) funding coupled with lower holdings... funding recorded a lower drop of 3.86 billion to 31.39 billion. As a result, the Eurosystem funding mix
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