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ECB boost for Greek debt as authorities ponder new market foray
Economykey of just above 2 pct, the country was eligible for up to roughly 16 billion euros in the first... market and attempt another market foray as early as this month for another 2 billion euros. Greece recently issued a 2-billion-euro 7-year bond in April with a yield of just above 2 pct, although demand
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Overall loan interest at 4.05 pct in April, hitting new series low
EconomyMacroeconomyweighted average interest rate on all existing loans dropped by 2 bps to 3.88 percent. The spread between existing loan and deposit rates fell by 2 bps month-on-month to 3.73 percentage points... percent, while the corresponding rate on loans to sole proprietors rose by 2 bps to 6.84 percent
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GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
EconomyMacroeconomyby 2 percent QoQ, while gross capital formation also fell by 4.5 percent compared to Q1. Imports.... Investment As mentioned, in Q2 gross fixed capital formation fell by 2 percent QoQ and by 10.3 percent YoY...’s GDP, a contraction of 4.7 percent is expected in 2020 compared to an estimated 2 percent GDP
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CPI falls by 1.8 pct YoY in October as air travel and energy drop
EconomyMacroeconomyto a decline of 2 percent seen in September, Hellenic Statistical Authority (ELSTAT) figures showed...’ index fell by 2 percent while the services index fell by 1.5 percent YoY. The harmonised index of consumer prices (HICP) fell by 2 percent YoY in October. Compared to September, the HICP increased
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Newsletter 279 - 05/03/2021
is focussing on the liability side of its balance sheet, with a 500 million-euro issue of subordinated Tier 2... points. The Tier 2 bond issue will bolster the bank’s capital adequacy by about 125 basis points... of 5.5 percent. 2 PMI dips to 49.4 points in February Cost burdens pile up Greece’s manufacturing PMI
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Newsletter 302 - 18/06/2021
surpluses of 2 pct, 2.8 pct and 3.7 pct of GDP in 2023, 2024 and 2025 respectively. These translate... be noted that Greece has committed to primary surpluses in the region of 2 pct of GDP up to 2060... 2023 and regaining investment grade for Greek sovereign debt in the first half of 2023. 2 Deposits
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Economic sentiment rises above 111 pts in July but consumer confidence drops further
EconomyMacroeconomythe pandemic and the first lockdown started to manifest itself last April, however the ESI is now just 2... in June. Consumer confidence is now roughly 2 points higher compared to July last year when it stood... points. The services index dropped by nearly 2 points to 25.4, after a sharp improvement by 14.4
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Newsletter 313 - 22/10/2021
in the region of 2 pct of GDP up to 2060. The Finance Ministry was also kept busy this week in the push... decade growth will be 2 pct, with Greece needing more than 3 pct to converge towards the eurozone.... During the summer, the government announced a minimum wage increase of 2 pct, taking the basic salary
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The case for a general government balance sheet
Agoraand 2 illustrate balance sheet data in more detail. Figure 1 above captures for Greece and the Euro-19... to a more detailed look at the balance sheets in Tables 1 and 2. The balance sheets reflect the data..., it is possible to make the balance sheet not only backward looking, as in Tables 1 & 2, but also
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Govt weighs escalating impact of Ukraine war on public finances
PoliticsGreek Politics, the average price of unleaded fuel at the pump is expected to cross the threshold of 2 euros/litre. More... to 3.5 pct from the original 4.5 pct in its baseline scenario, while the adverse scenario is as low as 2... of the proposal to exempt defence spending from fiscal calculations. Such a move could shave around 2
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