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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammeof 6 percent, which is consistent with a risk-free rate of 1-1.5 percent plus a risk premium..., higher privatisation revenues of 15 billion, zero additional bank recapitalisation needs and lower... grace extensions until 2040, which means an extension of the current grace periods from 6 years
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Newsletter 108 - 24/02/2017
percent reduction in the ENFIA property tax, cutting VAT on electricity bills from 13 to 6 percent... to a cut in existing main pensions by 15–20 percent on average, or by almost 1.4 billion for 1.4... a nosedive of 24.9 percent, while a smaller decline of 6 percent was recorded in consumer non-durables
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Greek women in crisis
Agoraof the same age group. The wage gap between women and men in Greece is 15 percent. This would appear better...). Additionally, they have a right to take a further 6 months of maternity leave, receiving a basic benefit... of 10 months of maternity leave (the 4 months plus the 6 provided by the state). A few years later
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Stocks finish week on high after progress at Eurogroup
Economyby 15 percent in the last two weeks. However, they still record losses of 6.8 percent since... Exchanges (+6.7 percent) and Alpha (+6 percent). On the flipside, the biggest declines were posted... losses stood at 6 million in 2016 compared to 60 million a year ago, while its turnover fell by 5
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Ankara directs ire at Athens over ruling on soldiers as Cyprus talks drift
PoliticsForeign Policyfled to northern Greece after the attempted July 15 coup. In a statement issued on Thursday, Ankara..., including block 6, for seismic research and military exercises with live ammunition. Block 6
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Deposit interest rates broadly stable in March, average loan rate down slightly
EconomyMacroeconomyfor amounts above 1 million euros rose by 15 bps to 4.04 percent, while for amounts between 250,000 and 1... successive month by 6 bps to 4.47 percent, which is a new record-low since 2002. Overall, the modest drop in the average loan rate coupled with the stable deposit rate resulted in a slight drop of 6 bps
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Stocks record weekly losses of 0.7 pct in wake of inconclusive Eurogroup
Economy, the top underperformers included Piraeus Bank (-7.6 percent), Ellaktor (-6 percent) and Folli-Follie (-5.5 percent). Overall, 15 out of the 25 FTSE/Large Cap Index constituents ended lower this week... percent quarter on quarter (QoQ) to 259 million. Piraeus Bank trimmed net losses to 6 million in Q1
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBankingthat once the 2019 targets are achieved, NPL and NPE ratios will have been reduced by around 15...) and small business loans (-6 million). This led the group NPL ratio to stand at 34.1 percent from... other negative developments. Balance Sheet Eurosystem funding stood at 6 billion in Q3 from 8.4 billion
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingratios will have been reduced by around 15 percentage points, with NPE coverage at around 55 percent... Greek banks are expected to increase provisions by roughly 6 billion euros. NBG noted that IFRS 9 adoption would push domestic NPE coverage up by around 6 percentage points to 61.3 percent
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Draghi sets out QE obstacles facing Greece
EconomyProgrammeto approve the disbursal of the final tranche of the third programme, which stands at 15 billion euros... refunds came to 6 billion euros, almost double the 3.3-billion-euro target but admitted that overdue debts increased by 6 billion euros last year.
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