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Progress in bailout talks but foreclosures and NPL management stand in way of agreement
EconomyProgrammeof the first set of prior actions. Such a development would unlock the next sub-tranche of 2 billion... on the government’s proposal to cover a total of around 58-60 percent of indebted households so... but the idea of using the homeowner’s total debt seems to be off the table. On the management of NPLs
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Privatisation chief hopeful of reaching 2016, 2018 targets as several sales near conclusion
Economyto generate total proceeds of 5.8 billion euros by 2018, of which 2.5 billion are expected to be collected... proceeds of 6.5 billion until 2018. Pitsiorlas also set out the next privatisation projects, beyond those... will be transferred to the Italian grid operator Snam. Of the total 66 percent stake in DESFA that is directly
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PASOK and Potami strengthen basis for cooperation
PoliticsGreek Politicshe lost MP Haris Theoharis, who set up his own pro-reform movement this month, while a total of six... but a total of six of its deputies abstained during the vote on reducing the voting age to 17
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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomyand the Ionian), beating the monthly targets by 50-170 percent that led to an outperformance of the total... arrears via the so-called “special appropriation” (i.e. the money set aside for arrears from the last..., total expenditure fell by 2.7 percent to 3.69 billion euros in August. It edged up 1.7 percent
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Deposits edge up to 124.8 bln in Nov on marginal inflows of 12 mln
EconomyMacroeconomy. Total deposits – which also include those of the general government (gg) as well as of euro... following the implementation of a set of milestones. In addition, non-euro area residents posted inflows of 276 million for the fourth straight month. Overall, total deposits in the Greek banking
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Newsletter 111 - 17/03/2017
SYRIZA would suffer too much political damage if it takes sole responsibility for the new set... in December, to stand at 4.17 million in January. Overall, the total stock of overdue taxes, including... for the second straight quarter to reach 807,000, while its share of the total jobless figure fell to 71.8
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Newsletter 119 - 19/05/2017
programme. Tsipras also set out his expectations for positive developments after an agreement is reached... measures worth 1.5 billion in 2020 and another 2 billion in 2021, the total tax relief included... security contributions (SSCs) and social benefits. The total bill of the previous and current pension
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Athens ties up prior actions, IMF hints at programme role
PoliticsGreek Politics. The amendments, a disparate set of interventions on issues, were tagged onto a bill relating to fishing... tranche. The instalment is due to total at least 7.5 billion euros and could be as high as around 10 billion, according to reports. Most likely something extra will be added to the total so
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Newsletter 127 - 14/07/2017
of NPE performance. The former is defined as the flow of NPEs turning into performing over total NPEs and the latter as the flow of performing turning into NPEs over total performing exposures. The cure... that consumer prices are set to rise in 2017 for the first time in the last four years. The core index
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Newsletter 131 -15/09/2017
being set for September rather than August as initially planned. Primary expenditure declined by 20.9.... Just over three quarters of this year’s total (5.72 billion) relates to tax categories. The remainder... improved by 1,726. Hirings came to 164,513 versus a total of 178,915 departures, of which 43 percent
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