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The race to reduce Greece's bad loans
EconomyBanking, 1.3 billion lower than the target of 93.6 billion. NPL stock came to 63.9 billion, landing exactly... NPLs came to 35 billion euros, around 600 million lower than the target. Residential NPLs landed
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S&P upgrades Greece to 'B+' on back of Eurogroup agreement
Economy. On the other hand, policy shifts that will reverse the reform process or GDP growth lower than... to a lower credit rating. According to S&P, the graduation from the adjustment programme
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Eurosystem funding falls by 716 mln in May
EconomyMacroeconomy(77.21 billion) originated from a lower reliance on ELA funding. The decline in central bank funding... with the lower haircut applied on ELA collateral, participation of Greek banks’ EFSF holdings
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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBanking(QoQ) to 92.4 billion, 1.3 billion lower than the target of 93.6 billion. NPL stock came to 63.9... the quarter, corporate NPLs came to 35 billion euros, around 600 million lower than the target
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BoG report outlines benefits of surveillance and scenarios for debt
EconomyBankingin scenario 3 primary surpluses lower than 2.2 percent that the Eurogroup assumed, at 1.5 percent... meets this criterion. However, scenario 3 of lower primary surplus breaches the 20 percent threshold
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S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
EconomyBankingsees Greece growing by 2 percent in 2018, lower than its last official estimate of 2.3 percent... lower than last year’s MTFS when the economic recovery was projected to accelerate with GDP up
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Pension cuts dominate discussion as eurozone prepares to release final bailout tranche
EconomyProgrammeby the fiscal implications of the lower VAT rate as the increase is only expected to yield 24.... They also want to make use of the surplus at the unified social security fund (EFKA) to lower
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Eurosystem funding falls by 4.56 bln in June to 16.31 bln
EconomyMacroeconomythis, the majority of the fall (79.45 billion) originated from a lower reliance on ELA funding... on Greek government securities along with the lower haircut applied on ELA collateral and participation
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For better or worse: Greece's bailout exit deja vu
Agoraand a lower tax-free threshold for 2019 and 2020 and that all these constitute a fourth programme... to offset both of those measures with growth-enhancing interventions like extra benefits, some lower
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Budget primary surplus at 617 mln in June as expenditure continues to fall below target
EconomyMacroeconomytarget by 87 million euros, and lower by 2.9 percent compared to last year. Expenditure Primary... of the year, expenditure increased by 2 percent to 23.32 billion, lower than the target by 122 million. PIB
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