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Troika returning to Greece but key decisions still months away
PoliticsGreek Politicsprovisions that should be amended or repealed. The Paris-based organization estimates the benefit... is how to cover Greece’s funding gap for this year, which is estimated to be 4.4 billion euros by the IMF, and then how much will be needed to finance the country in 2015/16. The IMF estimates
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How Greek banks moved into a new era
Agora, with banks’ current estimates pointing to a peak of the NPL ratio close to the end of the year easing... this year. Current consensus estimates point to a loss-making year for all banks except National, while... was estimated at 5.8 billion under the binding baseline scenario and at 8.8 billion under
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Newsletter 3 - 14/11/2014
the troika reportedly estimates at 2.6 billion euros as it believes that the law passed last month... after 16 successive quarters of recession, according to the flash estimates published by the Hellenic... increases the potential revenue for the state. The government had reportedly estimated next year’s
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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBanking. The bank estimates synergies of 10 million and positive liquidity of 0.3 billion due to the acquisition... Ahli Bank of Kuwait for a consideration of 150 million dollars. The bank estimates... cash buffer is estimated at 12 billion based on the current collateral valuation and haircut regime
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomy. The key macro assumptions and fiscal estimates in line with those agreed with the institutions in mid.... For 2016, GDP is expected to slip to 173.37 billion. Fiscal estimates The primary balance based on the Economic Adjustment Programme (EAP) methodology is estimated to show a deficit of 418 million
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingestimates CoR to land at 140 bps for the whole year. Cumulative provisions marginally fell to 17.31.... Based on current collateral valuation and haircuts, Piraeus estimates its ELA collateral buffer... in the departure of around 1,000 full-time employees with the annual benefit estimated at 40 million
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Greece announces return to markets with 5-year bond, mostly targeting swap
Economy. Unlike the optimism created after the April transaction, the next issue in July fell short of estimates as the total offers reached 3 billion, while the coupon stood at the high end of initial estimates... conditions, while the settlement is estimated to take place on August 1. “The switch and tender offer
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About last night
Agorabuffer came in line with expectations. The Eurogroup statement estimates the cash buffer... the precautionary credit line. The IMF’s estimates for Greek growth are much more conservative than... by the European Commission, Brussels had estimated an amount of just over 10 billion euros could be used
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Government looks to review visit for nod on tax package
EconomyProgrammeestimates and the primary surpluses of 2019 and 2020 will pave the way for a major tax bill to be tabled..., but the institutions approached them with some scepticism. The Greek side estimates that the new... profits is estimated at 1.2 billion euros; this is precisely the cost of the additional tax relief
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PBO highlights areas of uncertainty for 2020 budget
EconomyMacroeconomythe European Commission and the IMF estimates (2.2 percent). The PBO argues that although..., the effectiveness of the motives for higher electronic transactions and the ambitious growth estimates... highlights that in nominal terms the positive impact estimated in the budget is just short
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