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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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Troika review begins with fiscal targets and tax breaks in focus
EconomyMacroeconomywas estimated at 2.02 billion (1.1 percent of GDP) by the IMF in its fifth review report on June 10... (ENFIA) revenues, these developments mainly involve the impact from: a) Retrospective reversing of the 10... for physical persons with the target set at 10 percentage points reduction over time. To Vima
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What does a bailout exit with a precautionary credit line mean for Greece?
EconomyProgrammetypical size is expected to vary between 2 and 10 percent of the concerned country’s GDP. Surveillance... more included in the previous MoUs. According to To Vima daily, the following 10 reforms might... of strike framework to European standards. 5) Justice system reform. 6) Restructuring of hospitals
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DTA may spell new trouble for Greek banks
Agora. According to the article 5 of Law 4303/17.10.2014, Greek banks formed a special reserve equal to 100... a capital base of 10 billion of which 2 billion or 20 percent stems from DTC, then the bank... will gradually no longer count as bona fide capital for amounts exceeding 10 percent of core capital by 2024
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Gov't submits multi-bill to pave way for next bailout tranches
EconomyProgrammewill be applied to all OPAP games, which corresponds to a tax rate of 10 percent on lottery games and 20..., which could be extended by another year. Until now this tenure was fixed at 5 years. On the scheme... as the transfer to the HFSF of the 10 billion earmarked for bank recapitalisation that are currently
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingthat the burden on NII and fees from pillar II bonds stood at 12 and 10 million respectively in Q2... at the end of Q2. The NPL ratio edged down by 10 bps to 34.7 percent, while it slightly rose by 10 bps... that reached 6.7 billion in August from around 5 billion in March. In addition, pillar II bonds (nominal
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