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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBanking. Excluding these extraordinary factors, the recurring PPI improved by 7 percent QoQ to 266 million... cash buffer is estimated at 12 billion based on the current collateral valuation and haircut regime
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A closer look at Greece's revised proposals to lenders
EconomyProgrammepercent. 2) A special tax of 12 percent on all corporates with profits above 1 million euros payable... in 2016) 6) Fuel smuggling (75 million in 2015 and 300 in 2016) 7) VAT fraud (50 million in 2015
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Referendum and the ECB to determine the future of Greek banks
Economythat banks would reopen on July 7, at the earliest. However, such a development requires the ECB... have disclosed they held an ELA liquidity buffer of more than 38 billion (NBG and Piraeus at 12
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Yes or no, complex political developments lie ahead for Greece
PoliticsGreek PoliticsUp to 9.85 million registered voters will cast a ballot in this Sunday’s referendum, which could decide whether Greece’s future lies within the eurozone or not. Polls opened at 7 a.m. and close 12 hours later. The first results are expected to be broadcast by 9 p.m. but it is not clear
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgramme2018. 7) Deregulation of professions such as engineers and notaries 8) Approval... of the shipping industry 12) Reduction in the current 1,500-euro threshold on bank accounts that cannot
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomyand 9.4 percent in the 7-month period to 21.43 billion, almost 12 percent or 2.89 billion better than... of 390 million. PIB revenues and expenditure were subdued in July at just 7 and 44 million respectively
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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomypercent in July and 9.4 percent in the 7-month to 21.43 billion, around 12 percent or 2.88 billion... of the annual target of 1.57 billion) 7) Agricultural subsidies (at 23.7 percent of the FY target of 591 million
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These are the bailout deliverables expected from Greece in September
EconomyProgrammeof arrears, tax refund and pension claims and immediately start implementation. 7) Agree with the EC... a greater role for the institutions than in the past. 12) Adopt a roadmap for investment licensing
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgrammestatement of July 12. According to the MoU, the task force would report by December, while... for the claw back on hospitals. 7) Review and limit the prices of private diagnostic tests. 8
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Greece receives list of milestones for next bailout sub-tranche
EconomyProgrammerelated to primary homes and SMEs will be specified in the context of the first programme review. 7... with equivalent results in terms of competition and prospects for investment. 12) Appointment
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