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What would a clean bailout exit for Greece mean in numbers?
Agorathat it would have to roll over. 2017 and 2019 reflect the 3 and 5 year issues earlier in the year... for the SBA last year and by year to date calculations it must have received just under 4 billion... of the year the debt to the IMF will represent 16.9 percent of Greek GDP. Irrespective of what happens
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September revenues drive 9-month Greek primary surplus up to 2.53 bln
Economyshort of target). Revenues were in line with targets. The comparison with last year’s figures... that last year’s numbers incorporate SMP income of 1.5 billion euros, which was recorded in the budget..., the year on year comparison is not fully applicable. The breakdown of key items revealed that revenues
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Fiscal consolidation leads Greek 9-month primary cash balance to 2.76 bln
EconomyMacroeconomyin the 9-month period, from deficit of 3.32 billion last year, according to the Bank of Greece (BoG). This implies a fiscal consolidation in excess of 6 billion year on year (YoY). The improvement in the net... 8.88 billion last year. In September the primary cash surplus reached 440 million euros from
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Greek travel receipts up 10.3 pct in August as 2014 targets revised upwards
EconomyMacroeconomyreceipts stood at 3.18 billion euros in August from 2.88 billion last year. At the same time, travel... advanced by 9 percent to 2.98 billion from 2.73 billion last year. Higher travel receipts are fully... time this year following the closure of a number of the country’s tourist operators. The more
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Waiting for Godot in Greece
Agoraof such evaluations for Greece during the past year, hard-fought compromises are essential... attention is being given to the consistent rise in the yield for the Greek ten-year bond. Mid-week it stood at 8.34 percent. Back in June of this year, the yield stood at 5.6 percent. The refinancing
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Greek budget primary surplus at 3.57 bln by end of November, beating target by 691 mln
EconomyMacroeconomymillion euros with the year to date shortfall increasing accordingly to 713 million. In absolute terms, the 11-month figure reached 44.47 billion, down 1.6 percent. Note that this year’s figure... year. The more detailed revenue figures show that direct taxes rose 1.4 percent in November
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Travel receipts up by 1 pct in Dec but balance in deficit of 27.9 mln
EconomyMacroeconomyGreece's travel receipts rose by a mere 1 percent year on year (YoY) in December from 30.7 percent... last year. The modest rise in travel receipts in December is entirely attributed to soaring... and the UK fell by circa 4 percent. The aggregate figures for the whole year displayed travel
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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingfell by more than 30 bps QoQ. Operating expenses rose 7 percent QoQ, while the full year figure... ratio for the whole year landed at lower levels (56.3 percent) suggesting an improvement by 4 pps year on year (YoY). Impairment losses rose 3 percent QoQ to 378 million, while the full year figure
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Newsletter 23 - 17/04/2015
to redraft labour regulations and beginning to raise the minimum wage later this year. Taking just the four... in the first two months of the year. This was mostly evident in household lending portfolios... markedly in the first quarter of this year. Local media claimed that around 2 billion euros of new
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Rebound in Q4 by 1.4 pct brings 2014 disposable income down 3.2 pct
EconomyMacroeconomyGreek household disposable income grew for the second straight quarter by 1.4 percent year on year... to the Hellenic Statistical Authority (ELSTAT). The rebound in the second half of the year brought the 2014... from 30.09 billion a year ago. The modest rise in disposable income mainly stems from a 3.3 percent
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