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Primary cash surplus at 16.19 bln in 2018, 3.18 bln spent on reducing arrears
EconomyMacroeconomyfor the post-programme period. The headline figure also includes an arrears’ repayment of 3.18 billion euros... to 44.20 billion euros and was below target by 611 million. Net revenues came to 50.96 billion euros
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Market value of HFSF's bank holdings plummets by 11 bln in 2014
EconomyBankingstemmed from two lenders: ATEbank (7.47 billion) and Hellenic Post Bank (3.73 billion). The HFSF... in 2013) with cumulative collections at just 277 million, while the cumulative impairment amounts... in December 2012, ahead of their recapitalization in 2013. The third key post balance sheet event
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ELTA CEO resignation fails to stem political fallout from post office closures
PoliticsGreek PoliticsThe extent of the political crisis sparked by the sudden announcement of mass post office closures... the resignation of the organisation’s CEO will not resolve. Grigoris Sklikas, the CEO of Hellenic Post (ELTA... than 200 post office branches and the manner of the surprise announcement, which was to take effect
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On UK roadshow, Mitsotakis delivers message of stability at home and resilience abroad
PoliticsGreek Politicsand the Athens Stock Exchange in London, at which 41 listed Greek companies presented their plans to 80 top investment funds that manage 30 trillion dollars in assets. At Morgan Stanley’s London headquarters... with entrenched interests. The London engagement had a different register. Speaking to financial
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Bond issue decision expected as clock ticks down
PoliticsGreek PoliticsMinister Giorgos Houliarakis reportedly travelled to London this week to speak with investors, fuelling... in September 2015, when then-Interior Minister Panayiotis Kouroublis asked local authorities to list... Accounting Office because of fiscal concerns. It has been revived under the current Interior Minister Panos
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Tsipras conducts varied reshuffle in further bid to revitalise coalition
PoliticsGreek Politicsthree will continue to have a frontline role in the post-programme tasks that the government has to undertake. The institutions are due back in Athens on or around September 10 for their first post-MoU... be leaving the Interior Ministry to become SYRIZA’s secretary, several other frontline officials
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Greek pensions laid bare
Agoraof Emmanuel Schizas's recent blog post), in 2009 when employer contributions were just over 11... paid in March with a cost of 277 million euros, which corresponds to an average supplementary pension
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Primary cash surplus at 20.34 bln in November as revenues grow
EconomyMacroeconomyto build a cash buffer for the post-programme period. The headline figure also includes an arrears... million euros to stand at 253 million. On an aggregate basis, interest payments showed a decline of 277
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Newsletter 188 -21/12/2018
as a result of the effort to build a cash buffer for the post-programme period. The headline figure... payments showed a decline of 277 million euros to come to 5.19 billion euros. Overall expenditure from
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Work on post-programme framework continues despite tranche holdup
EconomyProgrammeand the other post-programme arrangements. Monday’s Eurogroup did not lead to a green light... this is implemented throughout Greece.” Post-programme Centeno also said on Monday that he does not expect “much disagreement” on the post-programme surveillance for Greece but did not go into any detail on what
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