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Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
Economyofficial creditors. The reduction by 1 percentage point will have a substantial stimulating effect... to 12 billion euros of state guarantees to reduce their stock of NPEs by up to 50 billion euros... by a leading agency is on April 24 by S&P, followed by Moody’s on May 8. It was widely reported during
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Newsletter 261 -07/08/2020
be able to tap around 12 billion euros in loans. The members of the panel formed by the PM...). Declines were seen in local governments (-8 million), state budget (-7 million) and extrabudgetary...) and SSFs (+1 million). Drops were seen in tax refunds (-91 million) and state budget (-3 million
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Policy pledges bolster top two parties as ND erases losses from surveillance affair
PoliticsGreek Politicsto come in at 26.5 pct. The gap between the two main parties after Thessaloniki returned to 8 pct... leading parties have each gained one percentage point. PASOK’s ratings remained steady at 12 pct... will be limited to 100 million euros, as 1 billion will come from generators’ profits and emissions trading
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Alpha Bank profits of 92.7 mln in Q3 raise 9M income to 335.4 mln
EconomyBankingworth 2.2 billion euros - the NPE ratio was down to 8 percent in 9M, from 8.2 percent in the same... was 339 million euros in Q3, up by 12 percent QoQ. The net interest margin was 1.6 percent in 9M. Net... The Common Equity Tier 1 (CET1) ratio in 9M stood at 13.5 percent. The capital base was enhanced
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On monetary policy and inflation targeting
Agora, as shown in the twin Figure 1, below. The dashed line in each panel shows the objective of monetary... for Monetary Policy.” Brookings, October 12, 2017. Minford, Patrick and Michael Hatcher: “Inflation... over inflation rate targeting. [5] The ECBs new monetary policy regime (8 July 2021, available
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Wage rises become top issue but trajectory lined with obstacles
EconomyMacroeconomyfrom April 1. The data captures the improved conditions in the Greek labour market: Since May 2019..., an increase of 5 pct compared to May last year, when employment had grown by 8 pct. Gross earnings in May... CPI stood at 7.8 pct, leading to negative real wage growth. Also, despite the rise by 12 pct
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Opinion polls show drop in support for ND, continuing concern about inflation
PoliticsGreek Politicsin September, 12 pct of Greeks had a positive view of SYRIZA. This figure has now fallen to just 8 pct... dropped by 1 point since the last poll. The cost of living remains a sore point for the government
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Newsletter 409 - 26/01/2024
the vote on February 12 or 13. It is widely expected to pass given that the main opposition parties... third with 10 pct, ahead of KKE with 8 pct, Greek Solution with 5.8 pct, Niki with 2.8 pct... in 2023 that beat the initial budget estimate at the end of 2022 by 1 billion euros. The IMF does
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Ionian expansion raises questions about Aegean as Athens talks with Tirana
PoliticsForeign Policyfrom six nautical miles to 12, as announced by Prime Minister Kyriakos Mitsotakis in Parliament... from 6 nautical miles to 12 in areas south of the island of Crete, demarcated in the country’s... to 12 nautical miles from the point of a complex of islands north of Corfu called “Diapontia” until
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Parliament will not probe 2015 bailout negotiations but issue unlikely to disappear
PoliticsGreek Politics. In recent comments clarifying his description of the preparation of so-called Plan X in his book, Galbraith... was involved in a strategy that sought to push Greece towards a euro exit, said that Plan X
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