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Second review to resume in Athens under severe time pressure
EconomyProgrammewill be equally quick and pave the way for eurozone finance ministers to confirm at the December 5 Eurogroup... the International Monetary Fund is demanding an increase in the current cap of 5 percent, while... by the state, an increase in the cap on mass layoffs to 10 percent. In addition, they favour a labour market
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Multi-bill on way as Athens aims to complete third review by Jan 22
EconomyProgramme, the government would like the draft legislation to be tabled by Wednesday, January 10, at the latest..., which is likely to be more than 5 billion euros, and to officially bring the third review to a close... of developments, starting with another bond issue by the government. It is expected that Athens will issue a 5
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Greek banks eye positive market appetite for bad loan sales
EconomyBankingstrategies, resulting in an NPL and NPE ratio of less than 5 percent and 10 percent respectively in the bank... with a goal for it to be concluded by July 2020. The bank will retain 100 percent of the senior notes and 5... a securitisation of 5 billion euros in gross loans and consists of commercial and residential NPEs
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Golden Dawn sentencing excites political controversy
PoliticsGreek Politicsorganisation face jail terms of 5 to 15 years, while those convicted of membership can be jailed for between 5 and 10 years, which can be reduced to between 1 and 5 years or even suspended if the court
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Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing
EconomyBankingthat bad loans would reach 10 billion due to the pandemic were revised down to 5 billion... estimate that the pandemic will leave a legacy of around 5 billion euros in new bad loans. This is after... euros of junior notes. Eurobank kept all the senior notes and 5 pct of the mezzanine and junior
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Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023
EconomyMacroeconomy, from 10 pct this year, as the rest of components are seen rising modestly next year. Private... price index is seen at 5 pct, a significant revision from the 3 pct seen in the draft budget and compared to 9.7 pct in 2022. The national inflation is also seen at 5 pct. Unemployment will stay stable
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Newsletter 427 - 14/06/2024
as expected, it emerged battered and bruised from the contest with 28.3 percent of the vote, almost 5... of this constituency, which was more than 10 points ahead of the Communist Party (KKE). SYRIZA was also first among... Parliament polls, in which New Democracy fell almost 5 points short of its own target of 33 pct
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Newsletter 439 - 01/11/2024
and there was a sub-minimum wage for under-25s that was 10 pct lower. The first rise following the debt... productivity growth and is an outlier is Ireland with more than 5 pct. The next cluster of countries..., placing it roughly 5 points down on a rolling 12-month basis and at the lowest levels for the last two
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Bank of Greece decision bolsters Greek lenders’ capital ratios
EconomyMacroeconomyto a material capital improvement of 5 percentage points to its CT1. The new regulatory framework... recognition up to 10 percent of CT1 with a 10-year phase out period. This means that following... should gradually reduce the DTA recognition by 10 percentage points per annum in each of the next
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One in two Greek households rely on pensions to make ends meet
Society, while for 35.9 percent income from salaried or freelance work is the mainstay. Just over 10 percent.... The survey indicated that the income of only 5 percent of households has not been affected during... and 2013, which is higher than Hellenic Statistical Authority (ELSTAT) figures suggest. Nine in 10
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