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The race to reduce Greece's bad loans
EconomyBankingsales. In order to be on track, the target for banks by the end of 2019 is 35 percent. Action... to reduce in order for the bank to reach its end-December target of 21.4 billion. NPLs came to 16.1 billion..., a collateralised portfolio of NPLs from small- and medium-sized businesses worth 2 billion euros is also
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Newsletter 291 - 02/04/2021
will require it to meet tight deadlines and work to strict procedures in order to secure disbursements from... order growth. The headline figure was in part due to a further deterioration in vendor performance... worsened by 10.6 points. 2 Consumer confidence improves in March Retail, services and employment
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Newsletter 375 - 24/03/2023
expired is on July 2. Mitsotakis suggested that it was never in his thinking as picking that date... in the tourism industry. The PM believes it is “very likely” that second elections will be required in order... vote, in order to give it a clear mandate to shape a government in the first round of elections
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Can the Green Transition be just?
Agora, as in 2021 they represented 72% of 1990 levels (Figure 2). Nevertheless, in recent years, this sector’s..., resulting in emissions in 2021 being virtually at 1990 levels. Figure 2: The evolution of emissions... Union has decided to include them in an emissions trading scheme. Furthermore, in order
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Newsletter 44 - 25/09/2015
for a milder recession in 2015 of between 1.5 and 2 percent, compared to the official forecast of 2.3 percent... required preparatory work in the next few weeks in order for the recapitalisation process to be completed... is the main reason for the surplus increase. 2 Repetition with little clarity Stability will be hard
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Newsletter 46 - 09/10/2015
to be implemented by 15 October to unlock the first subtranche of 2 billion euros incorporates a first...-set relates to the: 1) adoption of a roadmap for the investment licensing reform, 2) establishment... up to non-pharmacists, 2) the implementation of at least 35 additional recommendations included
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Newsletter 72 - 06/05/2016
so the main package of fiscal interventions can be settled. This will then leave the extra 2 percent... to back another package worth 2 percent of GDP, even if it may never be implemented. The European... as the sustainability of Greece’s public debt” adding that “both elements need to be in place in order
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Tsipras gets full support in pension and income tax vote, moves on to Eurogroup
PoliticsGreek PoliticsGreek Parliament passed the pension and income tax reform bill entailing 2 percent of GDP in fiscal... worsening liquidity conditions over the next weeks – an extra 2 percent of GDP in standby fiscal... the sustainability of Greece’s debt and the pending standby measures worth 2 percent of GDP. The Foreign Ministry
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The Court of Audit's opinion on new pension cuts and its implications
LegalAccording to article 73(2) of the Greek Constitution: “Bills referring to the definite attribution..., or to the recognition of service for the provision of a pension right according to article 73(2), as well..., in order to be adopted by the Greek Legislator. In other words, any pension law provisions entered
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Newsletter 193 -08/02/2018
almost 1.3 billion euros in 2018, around 2 billion euros remained unpaid at the end of December... the previous estimates in Autumn. The Commission sees 2018 growth settling at 2 percent as a result... growth is estimated to reach 2.2 percent in 2019 and 2.3 percent in 2020, compared to an estimate of 2
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