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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economyof total ELA-eligible collaterals, at 45 and 30 percent of total respectively. Taking into account the breakdown of total collateral by type, the collateral poll is almost equally split between state..., the total figure stands at 115 billion. Assuming an average haircut of 40 percent, the nominal
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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomyto the total fiscal outcome. Local governments showed a small cash surplus of 49 million from 273... million (117 million in July) to 2.46 billion euros making up around 43 percent of total. State budget... million corresponding to more than 13 percent of total arrears. Arrears due to hospitals’ suppliers also
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Greek banks complete book building: A recap of where we stand
Economyparticipation has been completed. Alpha and Eurobank covered their total capital needs without any state aid... support to Greek core banks will reach 5.43 billion euros in total for the two banks. In addition... round of Greek bank recapitalisation for each bank Alpha The bank’s total capital needs (under
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General government primary cash surplus widens to 2.5 bln by May, arrears resume upward trend
EconomyMacroeconomyto date, reaching 3.07 billion and making up 43.6 percent of total arrears. Hospitals’ arrears stood at 1.15 billion (16.3 percent of total) having risen by 215 million in the course of the year, while.... In addition, tax refund arrears stood at 1.26 billion euros, accounting for almost 18 percent of total
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Overdue social security debt reaches 30.5 bln in Q3 on consolidation of debtors
EconomyMacroeconomythe total overdue stock of 30.53 billion, over two thirds (22.51 billion) related to main SSC debt... of the total unpaid contributions between Q4 2016 and Q1 2017 contributed to this increase. The breakdown... of 3.34 billion euros (10.9 percent of the total). Overall, 827,369 debtors fall into this category
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General govt primary cash surplus at 1.65 bln in May on slower expenditure decline
EconomyMacroeconomywas in extrabudgetary funds, where a YoY fall of 241 million was observed. The total figure for this category... percent of the total. Arrears Arrears to the private sector (including tax refund arrears) fell by 390...) and extrabudgetary funds (-7 million). Since the start of the year, total arrears have fallen
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General govt primary cash surplus at 2.82 bln in July, arrears unchanged
EconomyMacroeconomyin hospitals. No change was noted in state budget arrears. Since the start of the year, total arrears have... in July. This was followed by tax refunds at 29 percent of the total. Debt Central government gross.../IMF loans fell by 488 million to 238.59 billion, representing 69.6 percent of the total debt. T-Bills
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General govt primary cash surplus at 3.51 bln in August, arrears fall by 306 mln
EconomyMacroeconomywent down by 6 million. Since the start of the year, total arrears have fallen by 298 million... SSFs which made up 28.9 percent of the total. Debt Central government gross debt rose by 13.89... loans increased 15.03 billion, representing 71.1 percent of the total debt. T-Bills declined by 411
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Newsletter 178 -12/10/2018
years, after a total surplus of 0.7 percent in 2016 and 1.1 percent in 2017. It also underlines..., Greece turned around a total deficit worth 15.1 percent of GDP in 2009. In the previous FM issued in April the IMF anticipated a total deficit of -0.1 percent of GDP. The methodology used is in line
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General govt primary cash surplus at 7.62 bln in Nov, arrears fall by 42 mln
EconomyMacroeconomyof the year, total arrears have fallen by 740 million, with declines seen in four out of the six subcategories... governments (+12 million euros). At 28.4 percent of the total, tax refund arrears of made up... loans edged down by a slight 2 million, and represented 71.5 percent of the total debt. In the other
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