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Newsletter 16 - 20/02/2015
fell short of target by almost 1 billion euros. One of the reasons for this revenue lag, according... to the current 72 rates). Larger tax debtors owing more than 1 million would also stand to benefit from
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Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
EconomyMacroeconomyis almost equally split between short (up to 1 year) and medium (1 to 5 years) term debt. Greece’s
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Greece's imminent funding problems: All the numbers you need
EconomyProgrammeobligations in the last month of each quarter. Greece has also to pay in March more than 1 billion euros.... On the budget execution front, January posted a revenue shortfall of almost 1 billion. The revenue
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Greek banks' Eurosystem funding jumps to 87.4 bln in Jan, ELA at 5.2 bln
EconomyMacroeconomygovernment-guaranteed bank bonds would not qualify for ECB funding eligibility as of March 1, 2015... bonds (that would previously be non ECB eligible as of March 1) as well as pillar III bonds, Greek
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Greece sees lower primary surplus at 0.3 pct for 2014, fiscal challenges remain
EconomyProgrammerules: 1) SMP and ANFA income are included in budget but excluded from EAP. This means that 2.42..., there is a number of issues that need to be clarified regarding the MoF announcement: 1) Whether the three
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Growing uncertainty weighs on Greek shares and bonds
EconomyThe bond market showed an up to 1 percentage point (pp) upward movement in Greek government bond (GGB) yields, which stand close or above their post-PSI highs. The 3-year GGB yield rose by almost 1 pp
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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingratio at 45 percent. Gross loans rose by almost 1 percent QoQ and 2.7 percent YoY to 72.1 billion... eligible collaterals in the form of pillar II bonds. The bank’s Basel III Common Equity Tier 1 (CET1
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Greek deposits fell by 7.7 bln in Feb and total of 24.6 bln since Dec
EconomyMacroeconomytime outflows of 4.68 billion, while sight and savings also recorded outflows of 1.9 and 1 billion... reached 1 billion last week, according to local media. Banking sources had indicated that outflows had
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Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
Economy: 1) A break-down in negotiations between Greece and its creditors leading to alternative solutions... bonds probable. In contrast, the following developments could result in a rating upgrade: 1
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Deposit rates stable, avg loan rate below 5 pct for first time since 2002
EconomyMacroeconomyThe interest rate on households’ new time deposits marginally increased by 1 basis point (bp) to 1.81 percent in February from 1.8 percent in January, according to the Bank of Greece (BoG... percent in the interest rate on loans with fixed maturity for amounts above 1 million euros. The rate
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