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Referendum call finds Greek banks teetering on the edge
Economymanagement at the BoG) are included the total amount of outflows reached 40.7 billion by the end... their recapitalization back in 2013, Greek banks total Eurosystem funding reached 116.4 billion at the end of May... be reduced in the likely case ECB applies a higher haircut on current and new collaterals. 3) What
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Newsletter 34 - 10/07/2015
we can judge, total interventions for 2015 stand at 2.3 billion euros and at 6.5 billion for 2016... amounted to 195 million. Summing up, total retail sales fell by 10 percent to 975 million, from 1.09... a recession of 1.5–3 percent, compared to a growth forecast above 1.5 percent a few months ago
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Primary surplus 3.1 bln above target in H1 on severe underspend
EconomyMacroeconomyof the full year (FY) target. Overall, the actual figure of total grants to social security sector... target) 2) Other social security funds expenditure (at zero versus a FY target of 446 million) 3) Grants... target of 3.37 billion. As a result, the overall figure for total expenditure was contained by 6.7
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Ambitious privatisation targets will test government's resolve
Economytargets ahead for the coalition. The government has committed for total privatisation proceeds of 6.4... and management of railway activities) without any material changes in the current terms of the tenders. 3) Take... privatisations and other means. It is reminded that this fund would generate a targeted total of 50
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Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln
EconomyMacroeconomyincome tax fell by 1 percent to 922 million. Total ENFIA revenues are targeted at 2.65 billion euros... an annual target of 446 million) 3) Grants to hospitals (at 37.9 percent of the FY target of 1.16... in the 10-month period to 5.33 billion, in line with target. Overall, total expenditure fell by 4.8 percent
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Greece close to agreement that would unlock sale of Astir Vouliagmenis
Economy) with the total size of the hotel complex at 120,000 square meters. Market sources indicate that NBG would receive 300 million from the total consideration of 400 million and HRADF the remaining 100 million... he anticipated privatisation revenues of 3 billion next year, which would be above the 2016 budget
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High unemployment, falling wages damaged sustainability of largest Greek pension fund
EconomyMacroeconomyeuros over this period, reducing IKA revenues accordingly. The number of IKA insured fell by a total... but grew to 2.21 million at the end of 2014. The total amount of wages contracted in each year... respectively in 2014, whilst contributions declined by 3 percent. Overall, during the last five years
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Unemployment edges up to 24.4 pct in Q4 on seasonal drop in employment
EconomyMacroeconomyon year decline reflects a rise in the number of employed by 3 percent to 3.64 million and a drop... of long-term unemployed to total jobless rose for the third successive quarter to 74.3 percent, its highest level since Q3 2014. Part-time employment increased to 9.4 percent of total employed, with 69.5
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomybillion. Thus, we conclude that the total revenue outperformance is attributed to the non-tax... of 1.45 billion) 3) Consumption and non-allocated expenditure (at 51 million, only 3.3 percent..., slightly above target of 1.68 billion. Overall, total expenditure rose by 2.5 percent to 7.94 billion
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammeof the public sector attrition rule from 1 hiring for 5 departures in 2016 to 1:4 in 2017 and to 1:3... of the actual fiscal outcome for the prior year with the agreed target, depicts the total amount... will be imposed automatically by cutting with a similar rate of the total budget expenditure excluding
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