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Newsletter 62 - 12/02/2016
at an accelerating pace of 5.2 percent in December from an upward revised 2 percent in November. December’s... is the highest since January 2007. 2 A rock and a hard place PM can no longer charm his way out
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammeunconstitutional the pension cuts imposed in 2012. This is estimated up to 2 percent of GDP or 3.7 billion... main and supplementary pensions as well as lump-sums. The hidden fiscal gap is estimated in excess of 2
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Newsletter 64 - 26/02/2016
slightly in January, when it rose to 2.1 percent compared to 2 percent a month earlier. The net... lending sector. 2 The beast within Border closures to the north will stretch Greek resources
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingfor cost of risk south of 2 percent in 2016 and below 1 percent in 2017-18. The overall stock... of risk below 2 percent and flattening out NPL formation. The single most important driver for PPI
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Tension rises in Greece but creditors see potential for agreement soon
PoliticsGreek Politicson the mechanism for identifying and implementing and extra 2 percent of GDP in fiscal measures.... For the Greek government, the vital element is that it should not have to detail another 2 percent
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Greece looks for support as expectations for May 9 Eurogroup lowered
PoliticsGreek Politicsagreement by May 9, including on the 2 percent of GDP in contingent measures, is possible. The nature... prevent the institutions from forcing Greece to define and legislate the extra 2 percent of GDP
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Outline of fiscal mechanism for automatic cuts emerges after Eurogroup
EconomyProgramme2 percent of GDP in extra standby measures now, as some of the lenders had initially wanted... 1.5 percent and if the programme is off track by 1.76 to 2.25 percent then 2 percent of new cuts
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Eurozone sets out proposals for staggered debt relief for Greece
EconomyProgrammeof interest charged to Greece at 2 percent, with any interest that would have been payable in excess of the 2 percent being deferred until 2050. The accumulated and capitalised deferred interest would
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Coalition prepares final legislation for review, opposition expects no upsets for now
PoliticsGreek Politicsthe fiscal mechanism demanded by creditors to ensure that up to 2 percent of GDP in contingent measures can be implemented if the programme is off track in the coming years. Having already voted through 2
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBanking. In specific, net interest income (NII) rebounded QoQ for the second straight quarter by 2 percent... in Q4. The bank has guided for a cost of risk below 2 percent for the whole of 2016. On the asset
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