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IMF sticks to reform, debt relief demands as programme role remains in doubt
EconomyProgrammeto an agreement for technical discussions on the relief measures to be stepped up and for a task force... building up the cash buffer, which Greek government officials have said is likely to be between 18 and 19... been lined up for 2020, to be moved forward by a year. This is something the coalition fears because
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Newsletter 157 -30/03/2018
for building up the cash buffer and 1.5 billion euros for arrears clearance. However, this was partly... the poll gap built up by conservatives. The leftists had been edging closer to their opponents since last.... Eurosystem funding drops by 2.80 bln in Feb Emergency Liquidity Assistance decline leads drop
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Banks focus on defining challenge of reducing NPEs
EconomyBankingthat monitors progress with stock expected to drop to 81.5 billion at the end of this year, and further... that is on the books. Eurobank is reportedly in the process of grouping unsecured consumer loans of up... are continuing outside the offices of notaries, electronic auctions have picked up pace. The banks have
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Philip Roth's words of caution
Agorarhetoric. Marine Le Pen and Gianfranco Fini are among those who have tried to clean up their image... are willing to instantly drop their scepticism, champion the politician seeking to make amends and stop...?” “They didn’t get him up there to talk to Jews. They didn’t buy him off for that. Don’t you
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Lenders set out post-MoU framework with aim of securing reforms
EconomyProgrammeby eurozone central banks and the cancellation of the step-up rate of loans extended in 2012. The second... by the end of 2020 and set up at least 240 primary healthcare units during the same period. Centralised.... The stock of non-performing loans (NPLs) is expected to drop to 60 billion euros by the end of 2019
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Improving trends in property market highlighted by central bank
EconomyBanking. A cumulative drop of 42.1 percent in apartment prices was noted from 2008 up until the first quarter... commercial property even reported a small price rise. Overseas investment in Greek property has picked up..., commercial property displayed some positive developments. Demand for office spaces was up, along
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Greece on track for bumper tourism year, figures show
EconomyFeaturesmillion. EU28 visitors rose by 12 percent to 1.1 million. Within this, euro-area visitors were up by 15.8... visitors showed a sharper drop of 36.6 percent to 15,700. It is worth noting that the first quarter... up to June of this year further boosted the outlook for a strong tourism season. They showed
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Newsletter 176 -28/09/2018
be cleared up by then so it could submit the final 2019 budget to Greek Parliament by the end of November... appears determined to pass it through Parliament before his term in office is up. Athens expects... and 3.3 percent in 2019. Public debt will drop to 177.7 percent in 2019. The current account is seen
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September current account surplus at 550.8 mln as goods deficit increases
EconomyMacroeconomybalance came to a surplus of 2.26 billion. Travel receipts edged up by a slight 0.3 percent and stood... in foreign arrivals which went up by 10.3 percent in the aggregate period. Travel payments showed a rise... of residents’ holdings of foreign equities (-545 million euros) as well as a drop in foreign bonds and T-Bills
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBanking3 which led to lower accruing balances. This was offset by deposits picking up and the reliance... billion in June. The bank notes that the drop came from shifting interbank repo funding... with this target. Domestic customer deposits edged up by around 3.6 billion euros YoY to 42.7 billion
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