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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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Deposit flow turns negative, outflows of 153 mln in July
EconomyMacroeconomyin savings, while time deposits posted inflows of 809 million. Total deposits - which also include general... of 334 million from other euro area residents. The absolute figure of total deposits reached 140.19... of capital controls has resulted in inflows of less than 1 billion in the past two months. It should
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Unemployment rate falls to 23.1 pct in second quarter, lowest since Q2 2012
EconomyMacroeconomyquarters. At the same time, the number of ‘long-term’ (more than 1 year) jobless decreased... of long-term unemployed to total jobless edged up to 72.2 percent in Q2 after a marked drop to 70.3 percent in Q1. Part-time employment remained stable from the previous quarter at 9.8 percent of total
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Industrial production edges up 0.1 pct in September
EconomyMacroeconomyin manufacturing production by 2.2 percent, which holds the lion’s share of the total index with 70... percent, while water supply production also declined by 1 percent with a slight weight of 3 percent on the total index. The biggest drop of 15 percent was posted by mining and quarrying production
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Greek 2017 budget reveals size and source of extra tax burden
Agorain total interventions will be on the revenue side. The Finance Ministry forecasts that five revenue interventions will make up around 90 percent of the total incremental revenue collection next year... 23 to 24 percent (effective from July 1 this year) and a rise in the excise tax on tobacco and e
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