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With review completion in sight, which way next for Greece?
AgoraKammenos to walk out over a reference by Migration Minister Yiannis Mouzalas to “Macedonia” rather than... to take corrective action. Given that more than 80 percent of public spending in Greece... of GDP) than the one that might be called for in 2017. This could then trigger the previous scenario
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NPL resolution in Italy and Greece
Agoraunderscored by the reality that more than 200 billion euros of these NPLs are termed sofferenze in Italian... the minister who drafted it, Louka Katseli – overburdened the courts. There are currently more than... 20 percent or even more than 30 percent of these fraudulent creditors, who can repay their loan
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammethat it could be concluded in less than one month. NPLs The second key issue relates to the non-performing... in municipalities with less than 2,000 inhabitants who declare annual income below 10,000 euros... noting that ELA cost stands 150 bps higher than that of ECB. After the implementation of prior
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Linking of ex-PM with centre-left role highlights inertia, not momentum
PoliticsGreek Politicssocial democrats are having rather than any sign that momentum could be building. Reports over... spectrum. According to the reports, Simitis is seen more in the role of facilitator rather than... democrats are encountering rather than any desire on Simitis’s part to rekindle his political career
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Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln
EconomyMacroeconomythan offset by household net deductions of 189 million. Since the beginning of the year, the net... slipped to 13.3 billion with increased deductions of 46 million less than 20 million in each... in April from more than 200 million in each of the previous three months of the year. Overall
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Camp conditions and fragile EU-Turkey agreement risks for Greece in refugee crisis
PoliticsForeign Policyin Thessaloniki as a “necessity, rather than choice.” He said that 8,000 places were created in less than two... to be of a similar standard to the one constructed at Elaionas in Athens last year. More than 2,200 refugees
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Tourism and exports expect impact from Brexit fallout
EconomyMacroeconomy. Industrial products account for more than 62 percent of Greek exports to the UK followed by agricultural and petroleum products, which make up almost 30 and more than 8 percent respectively.... The bulk of imports from the UK (more than three quarters) also involve industrial products
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Coalition's proposal for PR electoral system unlikely to clinch supermajority
PoliticsGreek Politicsthat the new system applies immediately rather than from the general election after the next one... · Maintaining the 3 percent threshold for parties to enter Parliament The abolition (rather than a reduction... a key role in the process (even the possibility that it, rather than the election winner, could lead
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Deposit inflows of 1.07 bln in June, highest in first half of 2016
EconomyMacroeconomyof 761 million euros more than double those of households (368 million). Despite the turnaround... of 1.05 billion from savings accounts coupled with time outflows of 321 million which more than..., more than triple from May figure of 556 million. As a result, the absolute figure reached
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Finance Ministry says revenues beat revised target by 105 mln in July
EconomyProgrammeof their target by more than 500 million euros, the Finance Ministry (MoF) clarified via a non-paper that July... refunds) reached 5.24 billion euros, 333 million lower than the target, while tax refunds were 180... ENFIA instalment was due in August, one month earlier than the recent MoF announcement. It is not clear
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