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Greece raised lower than expected amount from 3-year bond issue, yield at the high end
Economy” The MoF statement also notes that total offers reached 3 billion euros, materially lower than the 20... was in May 2009 for an amount of 7.5 billion euros with a coupon of 4.3 percent. At that time total bids.... This would allow the disbursement of the next sub-tranche of 1 billion also paving the way for Greece
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Credit contracts by 3.5 pct in June, balances at 214.81 bln
EconomyMacroeconomyproprietors accelerated to 1.5 percent in June from 1 percent in May, remaining the only sector posting... and 10 billion from consumer credit. The settlement of total unpaid private debt, which stands at 160... for the total outstanding unpaid private debt of 160 billion (88 percent of GDP) by the middle
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OECD report paints grim picture for Greece's labour market
EconomyMacroeconomyis clearly depicted in the nominal unit labour cost, defined as total compensation of employees divided... as real GDP divided by total hours worked) in Greece showed a slight rise of 0.4 percent in 2013 after... percent in 2013, with Spain and Portugal increasing by 1.9 and 1 percent respectively. Greece
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Tsipras starts to flesh out SYRIZA's economic policy but questions remain
PoliticsGreek Politicsinstalments with taxpayers who are in arrears. At the moment the total tax and social security contribution arrears stand at 68 billion euros and are growing by around 1 billion euros a month. Tsipras said...- and medium-sized enterprises. Tsipras said these lenders would be given a total starting capital of 3 billion
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What are the implications of the ECB's decision for Greek banks?
Economy, state-guaranteed bank bonds (pillar II) would not be ECB-eligible as of March 1. The cash value of those... are pillar III bonds, Greek government bonds (GGB) and T-Bills. For the first two categories, the total.... In any case, Greek banks can still place their total EFSF bond holding (38 billion) with the ECB
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New unpaid taxes rising steadily, reach 3.5 bln in Q1
EconomyMacroeconomymainly reflects revenue collection of 589 million and write-offs of 148 million. The total stock of new.... The Finance Ministry (MoF) has said that from the total outstanding tax arrears, the effective... projected in the reform list sent by the Greek Finance Minister Yanis Varoufakis on April 1, additional
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Court orders 2012 pension cuts to be reversed, costing up to 1.5 bln
Economyreforms related to cost savings required by the institutions of 1.8 billion (1 percent of GDP... provided by the government, the total monthly expense for public and private sector pensions stood at 2.35 billion euros in March. The bulk (more than 88 percent) involves main pensions of a total amount
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Have inflation "repay" Greek debt and growth reduce indebtedness
Agoraout of the total debt of 320 billion) were rescheduled out to a 50-year bullet maturity... a return. Assuming that Germany can currently fund itself at 1 percent, the annual funding cost would... in Germany’s total interest expenses and there would be no way to trace them separately. True, Germany
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Marginal deposit inflows of 55 mln in March
EconomyMacroeconomyto the exceptionally high positive flow of 2.65 billion in December. Total deposits - which also... billion. The negative flow of total deposits in March incorporates non-euro area residents and gg outflows... Assistance (ELA) funding by 1.79 billion to 66.19 billion and a slower drop in ECB funding by almost 1
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Greece's public healthcare in a muddled and troubled state
EconomyFeaturesin order to receive some sort of healthcare. The government announced this year that as of June 1... percent in 2014 to 59.7 percent in participation of the public sector in the total funding on health expenditure was observed. Conversely the participation of private sector in the total funding
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