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MTFS outlines ambitious economic and fiscal road for next four years
EconomyProgrammebalance. According to the finance ministry, Greece will grow by 2 percent in 2018, lower than its... percent in 2022. All estimates are marginally lower than last year’s MTFS when the economic recovery..., to lower property tax and income tax brackets. The total in offsetting fiscal interventions comes
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Eurogroup marks end of cycle and squaring of circle for Greece
Agorawith interest payments, after being purchased at lower prices at the start of the crisis... or that it might create perverse incentives on Greece’s side as lower growth would automatically lead to lower debt obligations. Although these concerns are debatable, the most likely outcome
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Are you not entertained?
AgoraGDP in 2017 was close to 64 billion lower than the pre-crisis levels. This drop of 25 percent... drop. The index of wages in the middle of 2015 was almost 30 percent lower than the first quarter... of years, the deposits base of Greek lenders is lower by 108 billion, almost reduced by half. Greeks
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingto TLTRO-II, and 6 million from reduced ELA costs. On the asset side, lower average loan balances and spread reduction in Q2 had a negative impact of 7 million euros. Lower interest income from bonds... of 18.4 percent. This stemmed from lower risk weighted asset impact (+22 bps), other activities (+11 bps
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankinginterest income (NII) fell by 3.4 percent QoQ to 426.6 million in Q3. This mainly stems from lower... the previous quarter’s figure of 18.5 percent. This stemmed from lower AFS reserves (-23 bps), risk weighted... position stood as the best amongst Greek banks. Bond portfolio gains had been strong despite lower NII
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Eurosystem funding falls by 1.24 bln in Jan, banknotes in circulation fall below Nov 14 figure
EconomyMacroeconomybillion euros. The majority of the fall (86.48 billion) originated from a lower reliance on ELA... of the waiver on Greek government securities along with the lower haircut applied on ELA collateral...-euro mark for a full year. The total figure is now 2.52 billion euros lower than the November 2014
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Eurosystem funding falls by 825 mln in Feb, banknotes in circulation rise by 50 mln
EconomyMacroeconomybillion euros. The majority of the fall (86.68 billion) originated from a lower reliance on ELA... of the waiver on Greek government securities along with the lower haircut applied on ELA collateral... billion-euro mark for over a full year. The total figure is now 2.47 billion euros lower than
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Eurosystem funding falls by 625 mln in Mar, banknotes in circulation rise by 120 mln
EconomyMacroeconomy. The majority of the fall (107.23 billion) originated from a lower reliance on ELA funding. The decline... government securities along with the lower haircut applied on ELA collateral and participation of Greek... figure is now 2.35 billion euros lower than the November 2014 figure of 30.14 billion, noted before
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Athens revises projections in Stabilty Programme, sees more fiscal space in coming years
EconomyProgrammeconsidered include keeping the current level of tax-free threshold, reduce the base tax rate, lower the VAT rates and shift some goods to the lower band and lower further the ENFIA property tax. Over
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Eurosystem funding rises by 84 mln in Apr, ELA eliminated
EconomyMacroeconomybillion) originated from a lower reliance on ELA funding. The decline in central bank funding across... with the lower haircut applied on ELA collateral and participation of Greek banks’ EFSF holdings in the ECB... for four consecutive months. The total figure is now 2.05 billion euros lower than the November 2014
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