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PBO highlights budget, recovery risks in latest report
EconomyMacroeconomyof GDP and the total cost of the expansionary measures was estimated at 0.55 percent of GDP, hence... reaching 31.8 percent, which is 3 percentage points lower than the previous figure and even more
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Trade deficit rises by 6.3 pct in July
EconomyMacroeconomyincreased by 8.8 percent, bringing the total shortfall to 12.82 billion. This was driven mainly by a 5.2 percent rise in imports, offsetting a 3 percent rise in exports. In the first seven months of the year
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ND aims to show progress at Eurogroup but QE unattainable for now
EconomyProgrammeto repay around 3 billion euros of the total Greece owes the International Monetary Fund early, saving
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Eurobank first to tackle NPL reduction via APS
EconomyBanking. By the end of 2020, a milder reduction of 1.3 billion euros is envisaged, bringing the total to 5.1 billion euros, down to 3 or 4 billion by the end of 2021. Securitisation will play a primary role
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BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
EconomyBankingwhich is far above the European Union average of 3 percent and the ECB-supervised institutions... will sell NPEs and will extend the equal amount in new credit, which suggests that their total credit
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Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
EconomyBankingpercent of its total loan portfolio by the end of this year. As of the latest reporting figures released..., Piraeus Bank said that the bank was on track to meet its NPE reduction targets and would prepare 3
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Athens steps up drive for fiscal space as fifth post-MoU review continues
EconomyProgrammetax could be self-funding by broadening the tax base, the total abolition of the solidarity levy... at least 3 percent GDP growth in 2020, as well as getting the institutions’ agreement for a reduction
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Banks gear up for 2020 stress tests as evaluation begins
EconomyBankinggrowth is seen stable over the period, ranging between 3 percent this year, to 2.8 percent in 2022... percent in 2021 and -0.4 percent in 2022, for a cumulative impact of -6 percent and a total deviation
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PM joins forces with some eurozone partners to lobby for "corona-bond"
PoliticsGreek Politics-employment in total employment,” according to Scope’s analysts. “These economies also depend... to 3 percent of GDP in 2020. He noted that if the impact of the virus is felt beyond the summer
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GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY
EconomyMacroeconomyfixed capital formation declining by 8.4 percent QoQ, while gross capital formation rose by 3... of the total figure in Q1, with private consumption representing around 77.3 percent of all final
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