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Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance
EconomyMacroeconomyto: 1) SMP and ANFA income of 1.72 billion that was not collected 2) Non-assessment and collection... stands 1.24 billion below target. At the same time, PIB revenues stood at just 2 million in September
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Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound
Economyby 4 and 2 percent quarter on quarter (QoQ) respectively, while operating expenses increased by 1... a yield of 2 percent. Hellenic Petroleum announced a 5-year business plan targeting EBITDA of 650 million
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingbank bonds. The offer relates to 532 million senior bonds, 267 million Tier 2 securities and 78... percent of nominal value for senior securities, at 80 percent for Tier 2 and at 50 percent for Tier 1
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingEmergency Liquidity Assistance (ELA) usage. Deposits fell by 13.7 percent QoQ in Q2 and further by 2... modest growth by 2 percent QoQ in Q2, core PPI significantly improved by 20 percent QoQ to 330
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBanking, 84 million euros in preferred securities and 18 million hybrid (Tier 2) notes. For senior notes... brings the maximum capital support from private investors at 2.6 billion. The remaining 2 billion
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Unemployment down for second straight month in August, falls to 24.6 pct
EconomyMacroeconomyfell by 2 points to 21.5 percent, while that of females displayed a slower drop by 1.1pp to 28.5..., by almost 2 points to 47.9 percent for those aged 15-24 and a 3.4 points for 25-34 years. The latest
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Greek stocks on slide for third straight week
Economylead to the disbursement of the next sub-tranche of 2 billion as well as the transfer to the Hellenic... October 2. Banks remained very volatile through the week and ended with huge losses of 23.4 percent
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Greek banks' capital actions underway, state aid seen as low as 4.7 bln
Economyas the bail-in of securities, meaning that the bank would seek state aid of 2 billion to cover its... around 2 billion would be in the form of CoCos and 0.7 billion in common shares. The book building
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Travel receipts fall by 5.4 pct in Sept for first drop in 2015
EconomyMacroeconomy) and the UK (+17.5 percent), while arrivals from France grew by a modest 2 percent. In contrast, incoming... tourist arrivals in 2015 will be met. Such a development would correspond to a rise by 2 million
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Greek pensions: The unsolvable equation
Agorain 2010, the equivalent of 2 percent of that year’s GDP. Contributions evaporate By design, the Greek... in 2016. Spending on welfare has been almost halved from 4.2 billion euros in 2011, 2 billion of which... took a major hit not only as a result of people dropping out the labour force en masse but also due
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