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General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln
EconomyMacroeconomytransfers which increased strongly by 1 billion to 2.01billion euros from 1.01 billion a year ago... to 480 million euros. This was followed by SSFs (-6 million), state budget arrears (-4 million) and extrabudgetary funds (-1 million). Increases were noted in hospitals (+87 million) and local governments
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Greece takes first round against Covid-19 but fight continues
Agoraon healthcare was capped at 6 percent of GDP by the adjustment programme and currently stands at just... ranked Greece among the least well-provided countries for critical care beds in Europe, with 6 beds.... The appointments were to abide by a 1:1 replacement rule (one hire for each departure) and would therefore
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Newsletter 364 - 23/12/2022
sees growth even lower to 1 pct, while inflation is also seen persisting into 2023 at 6 pct. In its... SYRIZA by almost 2:1. The findings suggest that despite the derision heaped on the support measures... in its latest report a “soft landing”, with the growth rate somewhere between 1 and 1.5 pct, from
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Stock taking: Where is the Greek economy now?
Agoraan aspirational objective of around 1½ percent a year (see our blogs 5, 6, and 7 for more details... events in our daily lives.[1] This also holds true for thinking about the macroeconomy of Greece. We can.... The IMF has potential growth at 1 percent a year, and the EU Commission is a bit above (because
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National Bank follows other Greek lenders' by opting for capital increase
EconomyBankingwas the only Greek bank initially stressing on March 6 – the day Bank of Greece (BoG) disclosed Greek... billion granted to the Greek state in 2009. These shares are eligible as Core Tier 1 (CT1) capital under.... Nevertheless, the respective pro-forma Basel III fully loaded Common Equity Tier 1 ratio would land
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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammeThe budget execution for January revealed a revenue shortfall of almost 1 billion euros, mainly reflecting... amount close to 1 billion euros, creating a similar revenue gap in case this levy is abolished... by Varoufakis to Eurogroup President on March 6, but are expected to follow. Humanitarian crisis
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Newsletter 19 - 13/03/2015
63 percent of the total, compared to just 6 percent in January and zero in May 2014. The absolute.... On the current level of ELA funding of 65.6 billion, this translates to almost 1 billion higher interest... not qualify for ECB eligibility as of 1 March 2015. Thus, if the ECB eases its stance, then Greek banks could
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Greek corporate lending rates up to 250 bps higher than eurozone average
EconomyMacroeconomyon total new deposits eased 6 bps to 0.49 percent, which also points to a new low. Loans The corporate lending rates did not show any marked change in February with that for amounts above 1 million... (amounts below 250,000 euros) and at 5.23 percent (amounts between 250,000 and 1 million euros
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Hydrocarbons add to tension between Turkey, Greece and Cyprus
PoliticsForeign Policyconfirmed that it had made a lean gas discovery in Block 6 with Calypso 1 NFW. “An intensive and detailed data collection (fluids and rock samples) has been executed on the well. Calypso 1 is a promising gas... in Cyprus' block 6. On his return to Ankara, Erdogan revealed that his government was uncomfortable about
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingdeclining by 39 percent to 513 million euros. Net interest income (NII) edged down slightly by 1 percent... to stand at 8 billion. P&L NII stood at 346 million euros in Q3, down by 1 percent, and declining by 16..., a strong increase of 74 percent QoQ. Operating expenses fell by 6 percent in Q3 to 249 million euros
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