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Newsletter 74 - 20/05/2016
on the active management of Greek banks’ NPLs after the failure of a previous agreement of KKR... down to just 42 million in Q1, from 235 million in the previous quarter. The bank expects the end
3% -
Central government debt edges down to 321 bln in Q1
Economyfrom the previous quarter. The weighted average maturity of new borrowing in Q1 stood at 0.41 years... of December. The previous record low had been recorded last June when those deposits bottomed 77.3 million
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Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln
EconomyMacroeconomysouth landing at 93.1 billion in April with deductions almost halving from the previous month to 189... in April from more than 200 million in each of the previous three months of the year. Overall
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Greek stocks down 4.6 pct during week after Friday’s sell-off
Economyto 96 million euros, its highest level within June. However, due to subdued volumes in the previous sessions, the average daily turnover fell to 66 million this week from 87 million in the previous week
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BoG cautions on impact of tax rises, updates on rising NPEs
EconomyMacroeconomya previous statement by BoG governor Yannis Stournaras that the reinstatement of a waiver for Greek... of consumer loans were classified as NPLs at the end of 2015 from 49.5 percent in the previous year
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Tsipras unveils growth plan but little in way of new ideas
PoliticsGreek Politicsby previous governments. He claimed that the current administration would focus on making growth sustainable... subsidies seems very similar to the formula followed by previous governments. The talk of grand schemes
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Coalition wants next review to be swift despite labour reform complications
PoliticsGreek Politicscompleting the previous review but domestically the next inspection and some of the contentious issues... will be prepared to allow any rollback of previous reforms, it is not clear at the moment how hard a bargain
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Greek train firm TRAINOSE attracts just one bid, no interest in rolling stock
Economytheir initial interest in TRAINOSE in the previous phase that was concluded on April 15. The interested... to previous years’ cumulative losses of 870.66 million, while its short term liabilities reached
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Drop in CPI slowed to 0.7 pct in June
EconomyMacroeconomywith the previous month shows that the CPI rebounded 0.8 percent, mainly due to a notable rise... will be another deflationary year, albeit at a much slower pace compared to the previous three years
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Greek stocks fall 1.4 pct during week as trading volumes plummet
Economyearlier losses. At the same time, the trading activity fell sharply to below half the previous week... turnover diving to 40 million euros this week, compared to 83 million euros during the previous week, also
3%