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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBanking, representing a rise of 2 percent year-on-year (YoY). Asset quality NPEs fell by around 800 million euros..., unchanged QoQ and representing a rise of 2 percent year-on-year (YoY). Management noted... Ratio (LCR) to the level of around 100 percent as at 30 June 2019, management said. Gross loans
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Newsletter 334 - 08/04/2022
for April shipments in rubles. DEPA Commercial, which receives 2 billion cubic metres of natural gas... a fall of 2 points in the overall satisfaction levels with the centre-right administration compared... in Greece and the market. A few weeks ago, it was the Parliamentary Budget Office (PBO
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Where is Odysseus? Part 2 - Uncertainty
Agoraretirement age was increased twice in Greece.[2] This increases the potential pool of labor... reality, if fertility remains weak. For completeness, we also show in Figure 2 (above) what...). [2] Laws 4093/2012 and 4302/2014 increased the statutory retirement age from 60 to 62 and from 65
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Does the EU Commission suffer from optimism bias? (Part 2)
Agorathat member states (strategically) adopt this scenario as their own (for which there is evidence[2... emerges when we take the added effort to turn on System 2, or “Slow Thinking,” based on analysis... on “The Macroeconomy of the European Union: A Work in Progress” (in this blog text referred to as “the Book”). [2
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Industrial production returns to growth of 2 pct in September
EconomyMacroeconomythree contractions since June. It grew by 2 percent year-on-year (YoY), after dropping by 0.1 percent... a drop of 2 percent, after an increase of 0.9 percent in the previous month. The annual movement... business surveys for October, industry confidence went deeper into negative territory to -4.3, from -2
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Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
EconomyMacroeconomyand interventions or their anticipated outcome. A similar policy was also followed with the 2014 budget... surplus at 6.96 billion (3.5 percent of GDP). The MoF stressed that the satisfactory budget execution
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammeunconstitutional the pension cuts imposed in 2012. This is estimated up to 2 percent of GDP or 3.7 billion... in question, possibly through the passing of a new law. Fiscal issues and MTFS Although budget... by 1.13 billion, there are several items worth around 1 billion (0.6 percent of GDP) in the 2016 budget
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Newsletter 86 - 26/08/2016
in June, reflecting a drop in foreign arrivals by 2 percent to 2.97 million and in the average... that it will provide a trade finance facility of 100 million to Eurobank, marking the first entry... of Greek debt. 2 A harsh social reality Greece's economic and social deterioration can no longer
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General govt primary cash surplus at 1.98 in Jan, arrears fall by 167 mln
EconomyMacroeconomy, the state budget primary surplus rose by 963 million to 1.55 billion compared to 588 million a year ago... 100 million a year ago. Tax revenue also rose by 366 million to 4.14 billion from 3.78 billion... the sales of nonfinancial assets declined by 12 million, standing at 2 million in January versus 14
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Newsletter 205 -10/05/2019
of a bonus. Those earning pensions of up to 500 euros would receive an amount equal to 100 percent... of 2 percent in the autumn forecast, and in line with the interim winter forecast. As the report... investment budget. Overall, gross fixed capital formation declined by 12.2 percent last year and is seen
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