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  1. Gov't postpones discussion on parallel programme ahead of tranche approval
    Photo by MacroPolis

    Economy

    interventions such as: 1) Establishment of poor citizens’ bureaus. 2) Health support for uninsured...-tranche of 1 billion, subject to the completion of three milestones including the relevant

    7%
  2. The agenda of the first programme review shapes up with thorny issues
    Photo by MacroPolis

    EconomyProgramme

    Following the disbursement of the second sub-tranche of 1 billion on December 23, the next challenge, the biggest since the signing of the third programme in the summer, involves the completion..., the government has pledged in the third memorandum of understanding (MoU) for cost savings of around 1

    7%
  3. Time deposit rate eases by another 5 bps in Nov, average loan rate drops 16 bps

    EconomyMacroeconomy

    , the respective rate rose to 5.22 percent (amounts between 250,000 and 1 million euros). It fell to 5 percent for amounts above 1 million euros. The corporate lending rates in Greece stand around 200-300

    7%
  4. Deflation drops to 0.2 pct in Dec, at 1.7 pct for 2015
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    and non-alcoholic beverages as well as in housing fell by 1 and 0.9 percent MoM respectively. Greece... and the OECD latest estimates are pointing to an inflation rate between 0.5 and 1 percent in 2016.

    7%
  5. Unpaid social security contributions almost reach 15 bln

    Macroeconomy

    owing less than 15,000 euros each for an aggregate amount close to 1 billion (6.7 percent of total... percent of total). Meanwhile, 995 debtors (0.4 percent of total) owe more than 1 million each for a total

    7%
  6. Cosco's 369 mln Piraeus Port improved bid accepted, seals latest privatisation
    Photo by Harry van Versendaal

    EconomyBanking

    in OLP and 1 position in the BoD. It is reminded that COSCO, one of the largest Chinese state-owned... been effective from October 1, 2009, involved the management of OLP’s Piers II and III

    7%
  7. Unpaid social security contributions hit 15.35 bln at end of 2015

    Economy

    1 billion. From the total overdue contributions of 15.35 billion euros at the end of 2015, 11.31... debtors owe more than 1 million euros each for an aggregate amount of 3.47 billion euros

    7%
  8. General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    indicated it would repay a portion of arrears with part of the last two sub-tranches of 2 and 1 billion...-tranche (1 billion) and payment to the IMF (1.2 billion). The other debt components were kept stable

    7%
  9. Greek pensions: The unsolvable equation
    Photo by Ivan T https://flic.kr/p/e6FhzZ

    Agora

    Last July the conditionality of Greece’s third programme included savings of 1 percent of GDP from... at the end of 2013, took roughly 1 million people out of labour force. The latest figure as of October 2015... took a major hit not only as a result of people dropping out the labour force en masse but also due

    7%
  10. Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
    Photo by MacroPolis

    EconomyBanking

    for cost of risk south of 2 percent in 2016 and below 1 percent in 2017-18. The overall stock... the capital raising in November, the bank’s phased-in Common Equity Tier 1 (CET1) ratio increased to 17

    7%