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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBanking, 84 million euros in preferred securities and 18 million hybrid (Tier 2) notes. For senior notes... brings the maximum capital support from private investors at 2.6 billion. The remaining 2 billion
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Home foreclosures and refugee crisis top agenda in Greece-EU talks
PoliticsForeign Policyinstalment of 2 billion euros. The EU commissioner did not pinpoint what four issues he was referring... foreclosures 2) Making changes to the 100-instalment scheme for tax and social security debtors 3
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Unemployment down for second straight month in August, falls to 24.6 pct
EconomyMacroeconomyfell by 2 points to 21.5 percent, while that of females displayed a slower drop by 1.1pp to 28.5..., by almost 2 points to 47.9 percent for those aged 15-24 and a 3.4 points for 25-34 years. The latest
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Greek stocks on slide for third straight week
Economylead to the disbursement of the next sub-tranche of 2 billion as well as the transfer to the Hellenic... October 2. Banks remained very volatile through the week and ended with huge losses of 23.4 percent
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Newsletter 52 - 20/11/2015
passed the omnibus bill containing the last set of prior actions to unlock the next sub-tranche of 2.... Funding has dropped by 7.19 billion since July. 2 A rock and a hard place Greece faces prospect
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Travel receipts fall by 5.4 pct in Sept for first drop in 2015
EconomyMacroeconomy) and the UK (+17.5 percent), while arrivals from France grew by a modest 2 percent. In contrast, incoming... tourist arrivals in 2015 will be met. Such a development would correspond to a rise by 2 million
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Management of NPLs to test gov't in negotiations with lenders
Economy) Initiation of the preparatory work to update and amend the out-of-court resolution law. 2) Proposal... of September, meaning a rise by 2 percentage points in the third quarter close similar to the asset quality
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Coalition poised to unveil pension reform proposals, hoping to avoid cuts
EconomyProgrammeand granting of pensions. 2) The final pension amount will be made up by the national and the main... the amount that around 2 million people in the public and private sectors contribute to the social security
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Time deposit rate almost stable in December, average loan rate rises 17 bps
EconomyMacroeconomy, the weighted average rate on total new deposits eased further by 2 bps to a new low of 0.56 percent in December mainly driven by a 2 bps drop in corporate overnight rate. Loans The most notable rate changes
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Greek pensions: The unsolvable equation
Agorain 2010, the equivalent of 2 percent of that year’s GDP. Contributions evaporate By design, the Greek... in 2016. Spending on welfare has been almost halved from 4.2 billion euros in 2011, 2 billion of which... took a major hit not only as a result of people dropping out the labour force en masse but also due
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