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Commission sees lower Greek financing needs, provides timetable for course of programme
EconomyProgrammedisbursed last August, 2 billion in November and another 1 billion in December. In addition, another... euros (1.5 billion in Q1, 9.6 billion in Q2, 2 billion in Q3 and 5.1 billion in Q4), while an amount of 2 billion will be used for state deposit financing. Finally, for the first 8 months of 2018
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Newsletter 78 - 17/06/2016
if the primary surplus target of 3.5 percent is reduced to 2 percent after 2018, Greece’s debt is BoG concludes that even if primary surplus target of 3.5 percent is reduced to 2 percent after 2018... target. 2 The chill of post-truth politics Crude Brexit debate is reminiscent of Grexit referendum
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Newsletter 80 - 01/07/2016
. Meanwhile, credit contraction remains unabated, with the drop rate accelerating slightly to 2 percent... in April. Bank credit contracts Bank credit contracted by 2 percent in May, up from 1.9 percent a month... year. Contraction reflects negative flow of 275 million from the household lending sector. 2 Fool
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S&P affirms Greece’s rating with stable outlook
Economyand cumulative privatisation proceeds of 2 percent of GDP in the next four years. Under optimistic assumptions... below 2 percent, the rating agency stresses it will take another 17 years before the Greek debt ratio... growth of 2 percent in 2017, 2.5 percent in 2018 and 3 percent in 2019. On the banking sector, the rating
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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomyexpenditure coming in 2 billion lower than target, while revenues beat target by 640 million. The monthly... lower than the target. Indirect taxes rebounded 11.2 percent to 2 billion in August, outperforming... billion, 2 billion lower than the target. According to the breakdown, salaries and pensions dropped
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomyin 2017 from 5.65 billion in 2016. On arrears, the draft budget notes that transfer of 2 billion euros... revenues. The most significant revenue interventions in 2017 involve: 1) Income tax reform (772 million) 2... for the protection of indebted households’ primary residence (100 million) 2) Savings from non-public sector
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Newsletter 93 - 21/10/2016
coupled with a higher increase of 2 percent in mining and quarrying turnover. Despite the modest... percent, while mining and quarrying turnover expanded at a higher pace of 2 percent. However.... 2 Polycrisis at the heart of Europe The EU requires real leadership to overcome its current
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Newsletter 97 - 25/11/2016
and 2018. In specific, the primary surplus is estimated to reach 1.09 percent of GDP this year and 2... this year and 2 percent next year. limited and will thus constrain credit expansion and banks’ revenue.... 2 A rude awakening Once ardent Europhiles, polls suggest Greeks have fallen out of love with the EU
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingrespectively. Unlike NPEs, the domestic NPL formation increased to 188 million in Q3, from just 2 million in Q2... are estimated at around 2 billion each. Since NPEs have decreased by 1.9 billion year to date... million hit from lower interest rates on reserves. On the cost front, operating expenses declined by 2
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Newsletter 100 - 16/12/2016
that it is not willing to countenance the idea of adopting further measures to close the 2 percentage point fiscal gap... in Berlin on Friday with the impression that the IMF’s demands for another 2 percentage point... conducive to a convergence between both sides. 2 Budget primary surplus surges Primary expenditure
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