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Debt position a bulwark against global turbulence
EconomyMacroeconomy, with the German Bund at 2.6 pct, from roughly 2 pct at the start of December and the French 10-year benchmark... yield stands at 3.4 pct, from under 3 pct in mid-December. It is precisely for this type of global
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Newsletter 455 - 14/03/2025
. Mitsotakis is hoping that the government can use the cabinet reshuffle as a type of “restart”, allowing... tapped the markets for 2 billion euros for the 15-year and 1 billion euros for the 30-year issue
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoraconstraints and new credit transmission channels As graph 2 (below) underlines, the total volume... and Irish Nationwide. The assets were acquired at a discount of roughly 60 per cent book value of banks..., the Bank of Greece and the Ministry of Finance.[2] The internal bad bank model for Greek institutions
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After Q3 results, what next for Greek banks?
Agoraimpressive: National and Piraeus shares soared by as much as 60 percent, while Alpha gains reached 32... of circa 2 billion euros through a marketed equity offering with HFSF (controlling 95.2 percent... years with a 2 percent step-up after the 5-year period should preference shares have not been redeemed
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S&P affirms Greece’s rating with stable outlook
Economyand cumulative privatisation proceeds of 2 percent of GDP in the next four years. Under optimistic assumptions... below 2 percent, the rating agency stresses it will take another 17 years before the Greek debt ratio... of the Greek population pays around 60 percent of taxes, while more than half of wage and pension earners
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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomyexpenditure coming in 2 billion lower than target, while revenues beat target by 640 million. The monthly... lower than the target. Indirect taxes rebounded 11.2 percent to 2 billion in August, outperforming... billion, 2 billion lower than the target. According to the breakdown, salaries and pensions dropped
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NBG records net profits of 73 mln in Q4, turns profitable for whole year
EconomyBankingpercent. P&L ΝΙΙ fell by 2 percent QoQ to 440 million as the negative impact from loan deleveraging... almost doubled QoQ to 23 million. Operating expenses dropped by 2 percent QoQ and by 3.7 percent... of a voluntary retirement scheme last December is estimated to yield savings of 60 million. Impairment losses
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Newsletter 215 -19/07/2019
percent) and a top rate of 42 percent (down from 45 percent), and up to 60 percent tax cuts for self... to announce 2 billion euros of spending cuts and savings to counterbalance the 6 billion euros in tax... (IoIs) exceeding 10.5 billion euros, before the book officially opening with a guidance of 2 percent
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Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
EconomyProgramme to 2.8 percent. At the same time, the estimate for this year’s growth is revised down to 2... the objective values that properties get taxed on, and 60 million from new forms of checks on AirBnB are also...’s macroeconomic assumptions. According to the council, the 2 percent growth projection for 2019
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IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
EconomyMacroeconomydeterioration of the current account. This is largely due to the oil deficit that exceeded 2 billion euros... deficit of 1.9 pct in 2022, with surpluses increasing from 1.1 pct of GDP in 2023 to 2 pct of GDP in 2027..., with expenditure climbing to nearly 60 pct of GDP in 2020 and 58 pct in 2021, seen dropping sharply
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