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  1. PM launches reconstruction plan for disaster-hit regions as SYRIZA walkout spawns new group
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    by the EU, though the state budget would also have to chip in. Among the measures announced... infrastructure. Also announced were a doubling of state support from the budget from 300 to 600 million euros... euros had to be diverted from the budget to cover shortfalls in the farmers’ insurance fund ELGA

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  2. Kasselakis sets sights on government over cost of living
    Image: https://www.syriza.gr/

    PoliticsGreek Politics

    As the budget debate in Parliament builds up to Sunday’s vote, SYRIZA leader Stefanos Kasselakis... the government has ruled out because it argues that the impact on the budget would be too onerous... of the government’s defence spending plans as part of the 2024 budget approval process. In the past

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  3. How big is the gap separating Greece and the institutions?
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    EconomyProgramme

    and 2 percent for 2016, which is in line with the institutions’ proposal. However, the lenders... a fiscal gap of 350 million for 2015 and 800 million for 2016 2) The increase in the health care... million for 2015 and 405 million for 2016. 2) The institutions agree on a rise in the corporate income

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  4. A breakdown of Greece’s revised financing needs as part of its new ESM programme

    EconomyProgramme

    and SMP bonds (9.2 billion). 2) IMF debt redemption (8.4 billion). 3) Debt amortization to the private... and SMP bonds (2.9 billion). 2) New Greek government bonds (issued after the PSI) mostly held... the previous assessment. 2) Cash buffer for deposit build-up of 7.6 billion compared to 4.5 billion

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  5. Stock market slips 1.4 pct dragged by huge bank losses

    Economy

    of the first set of milestones and the European Stability Mechanism (ESM) disbursed the sub-tranche of 2... trading on December 2. For the same reason, NBG stock will cease trading from December 30 until December 2 and the new shares will trade again as of December 3. NBG will run a Greek public offer for up

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  6. Newsletter 106 - 10/02/2017

    Newsletters

    for beyond 2018. Reports on Thursday suggested that the lenders will ask for 2 percent of GDP, roughly... envisaging the 2016 primary surplus close to 2 percent of GDP, well above the programme target of 0.5... and ANFA profits and locking in the loan interest rates below 1.5 percent. 2 Unemployment remains stable

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  7. Newsletter 109 - 03/03/2017

    Newsletters

    that the basis of discussion with the lenders for the volume of measures needed should be 2 percent of GDP... is still holding out hope that the volume of measures it will have to legislate will be lower than 2... on Thursday that the discussion is currently centred on 2 percent of GDP. It seems that Athens might

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  8. Newsletter 110 - 10/03/2017

    Newsletters

    . It appears, for instance, that the Greek side has accepted the pre-legislation of 2 percent of GDP (3.6... payment for EFSF loans, coupled with a primary surplus of 2 percent of GDP as of 2021, is consistent... of measures, with the IMF demanding interventions worth 2 percent of GDP, counter-measures and labour market

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  9. Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
    Photo by MacroPolis

    EconomyBanking

    , collections and liquidations (4.4 billion) and selected sales (2 billion). P&L NII remained almost... by the impact of asset deleveraging. Fees increased by almost 2 percent QoQ to 82 million, while the top-line benefitted from other income of 37 million in Q2 from -2 million in Q1, largely due

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  10. Newsletter 166 -15/06/2018

    Newsletters

    of maturities will be set at 15 years but will be reduced by 2 years for each 5 billion euros... 21 when there is a Eurogroup meeting.” . 2 Hirings balance positive by 108,725 in May New record high... 68.4 percent in Q1, declining for a second consecutive quarter. Wages index rises by 2 pct in Q1

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