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Newsletter 74 - 20/05/2016
would unlock the pending tranche of 5.6 billion, plus 2 billion for the clearance of arrears. Tsipras... successive quarters since 2009. 2 NPLs: Italian- and Greek-style Both countries face Atlantean task
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Tsipras sails through multi-bill vote, looks to disbursement and debt relief
PoliticsGreek Politicson pension and income tax measures worth 2 percent of GDP) unscathed. He undoubtedly emerges from... surplus target to 2 percent of GDP between 2017 and 2021, while in return aiming for a growth rate
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Newsletter 77 - 10/06/2016
billion, 2 billion higher than the 6 billion envisaged in the initial agreement. In addition, 80... unemployment reading is the lowest since April 2012. 2 The mangling of truth Inaccuracies have become a daily
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BoG cautions on impact of tax rises, updates on rising NPEs
EconomyMacroeconomytarget of 3.5 percent could be reduced to 2 percent after 2018, which is consistent with debt..., with the non-performing loan (NPL) ratio increasing by almost 2 percentage points in the course
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Minor changes in Greek deposit and lending interest rates in May
EconomyMacroeconomyGreek households’ new time deposit rate slightly eased for the fifth straight month in May, when they fell by by 2 basis points (bps) to 0.85 percent from 0.87 percent in April, Bank of Greece (BoG... with a similar decrease in the overnight rate led the weighted average rate on total new deposits down by 2
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Budget primary surplus of 3.6 bln by July, monthly revenues short of target by 315 mln
EconomyMacroeconomy, largely attributed to lower expenditure (2 billion below target) and higher than expected revenues... expenditure increased by 4.1 percent to 22.31 billion in the 7-month period and remains more than 2
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Drop in arrivals and spending impinge on H1 travel receipts
EconomyMacroeconomy. This was a product of a 4 percent decline in expenditure per trip and a 2 percent fall in arrivals... percent from the United States to 313 million. The number of inbound visitors in June dropped by 2 percent
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Budget primary surplus reaches 3.6 bln in 7-month, monthly revenues miss target in July
EconomyMacroeconomybillion mainly reflecting strong underspend as primary expenditure came in 2 billion lower than target... figure also increased by 4.1 percent to 22.32 billion, still remaining 2 billion lower than target
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingdropped by 2.8 and 2 percent respectively in the first half (H1) reflecting lower personnel.... Overall, the NPL formation in Greece reached 2 million in Q2 from 127 million in the previous quarter
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Mitsotakis uses tax cut pledge as driving force in effort to provide alternative
PoliticsGreek Politicssurplus target from 3.5 percent of GDP to 2 percent. The conservative chief also set extremely... to deliver 2 percent in GDP extra revenues to help Greece meet the fiscal targets agreed with its
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