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IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap
EconomyProgramme, accelerating privatisations and pushing forward initiatives to clean up the balance sheets... to twice the number of repayment tranches to applicants earning less than 10,000 euros a year, and a path
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Loans under credit servicing firms drop 0.7 pct QoQ to 17.45 bln
EconomyBanking. The bank collects quarterly balance sheet data of CSFs and the loans they service and which have... proprietors (12 percent) and less than one percent for insurance corporations. A breakdown revealed
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Eurosystem funding drops by 699.8 mln in September
EconomyMacroeconomyhad fully eliminated ELA funding from their balance sheets. Compared to September 2018, Eurosystem... billion euros. The total for banknotes in circulation is now 1.51 billion euros lower than the November
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EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
EconomyMacroeconomyis lower than the 2.2 percent expected in the spring forecasts published in May, compared to a 2.... The overall balance will reach 1.3 percent of GDP this year, slow down to 1 percent of GDP in 2020
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Govt rebuffs uncomfortable reports on money laundering, unpaid contributions
PoliticsGreek Politicsby the previous SYRIZA government. It was a reminder of the tricky balance that ND has had to find... be far more damaging than pushing ahead with the Prespes Agreement. The fact that Mitsotakis is pledging
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingconsecutive quarter where net results have landed on a profit rather than loss. Net results overall... 2018. The cost-of-risk for 9M 2019 was 172 bps over net loans. Balance Sheet Eurosystem funding stood
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBankingmore than 60 percent of it consists of DTCs. BoG notes that this type of capital composition prevents... could remove from banks’ balance sheets up to 55 billion euros of NPEs, from a stock of close to 75
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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBankingGreece’s much-anticipated Asset Protection Scheme (APS), nicknamed Hercules, that aims to help banks clean up their balance sheets is a few steps away from coming into effect after the Finance... is slightly more relaxed than the Italian criterion of having sold 50 pct+1 of both mezzanine and junior
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Study calls for sweeping reform of Greek healthcare system
Societya lot of the decision making power with politicians rather than with hospital administration... practices and modern administrative organisation, publish balance sheets and monitor the quality
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Efforts to boost health system continue amid questions about govt strategy
PoliticsGreek Politicsthat official guidelines are designed to minimise the use of scarce equipment rather than protect... a responsible opposition in such febrile times requires a delicate balance which not all have been able
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