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Newsletter 452 - 21/02/2025
pct, followed by PASOK at 15.4 pct. The other is by ALCO that has ND at 24.4 pct, down by 2 points.... This was also reflected in the total revenues in the Greek economy that showed a rise... the entire 2024 at 2 pct. Manufacturing revenue was up by 5.5 pct, with the mining and quarrying jumping
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Greece braces for major inflation shock as Middle East standoff continues
EconomyMacroeconomy% increase. Input prices reflect this upward pressure on goods sold: total inputs were up by 4.5... downward revision to the growth outlook, lowering it to 2% from the initial 2.4% in this year’s.... If this combination of factors persists, the 2% growth outlook for this year will start to look
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General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop
EconomyMacroeconomyeuros, meaning that the gg deficit has widened by around 1 billion in May, mainly reflecting state..., corresponding to more than two thirds of total debt, while long term bonds stood at 68.16 billion (21.2 percent of total) and T-Bills at 14.98 billion (4.7 percent). Guarantees In addition, the stock of gg
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GSEE report stresses risks on employment and the pension system, outlines burden on wages
Societyof employed being reduced by 20 percent. The report also stresses that the total reduction in the unit... for salary earners as a social group. Employment The number of unemployed has soared by almost 1 million... with its share to total employment at 20 percent from less than 6 percent before. This is more pronounced
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Greek funding needs add to pressure in talks between Athens and lenders
EconomyProgrammefor Athens. Starting from this month, Greece has to pay a total of 1.6 billion euros, which comprises 0.7..., obligations rise to 2.5 billion, mainly due to another payment to the IMF of 1.42 billion. Overall, total... of that, funding needs for the last four months of the year total 4.8 billion euros. The cumulative
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How does ECB's decision on Greek banks' T-Bill exposure affect state liquidity?
Economy. The next T-Bill rollovers for April involve a total of 2.4 billion euros, of which 1.4 billion of 6-month T-Bills mature on April 14 and 1 billion of 3-month T-Bills on April 17. Due to the bank holidays..., with their total holdings close to 9 billion, according to their disclosure in the conference calls of 2014
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Why Greece is asking for 1.2 bln back from the EFSF
Agoraby cash. The total cost of bank recapitalisation and resolution reached 40 billion euros. Of this, 25.... Since being established in July 2010, total cash accumulated by HFSF reached 3.62 billion euros... presubscription fee of 555.6 million paid by Greek banks in 2012, b) A 1 percent annual underwriting
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Income inequality in Greece has grown during crisis, OECD report shows
Societyhas identical incomes and 1 when all the income goes to only one person – income inequality..., the bottom 40 percent owned only 3 percent of total household wealth in the 18 OECD countries with comparable data. By contrast, the top 10 percent controlled half of all total household wealth
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Multi-bill tabled in Parliament, paves way for sale of NPLs
EconomyProgrammedemanded by the institutions for the disbursement of the next sub-tranche of 1 billion euros... from resolved banks have been undertaken by the Bank of Greece (BoG). Until February 15, a total... in position allowances. The total annual cost of these changes is estimated at around 300 million
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Unemployment rate fell further to 24 pct in Q3 on seasonally increased employment
EconomyMacroeconomyof ‘long-term’ (more than 1 year) unemployed remained well below the 900,000-mark for the second quarter.... However, the percentage of long-term unemployed to total jobless increased to 73.7 percent, its highest level over the past four quarters. Part time employment eased to 9.1 percent of total employed
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