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NPL resolution in Italy and Greece
Agora. Thus, NPLs accounted for 56.8 percent of Greece’s annual GDP this past year, a rate unsurpassed
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Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
EconomyMacroeconomyin the jobless rate, a series of cuts in wages and pensions and higher income and property taxation
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Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln
EconomyMacroeconomycredit (-27.8 percent) and corporate lending (-22.3 percent), while the drop rate in housing loans
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PMI drops to 48.4 in May, new orders down at sharpest pace in 8 months
EconomyMacroeconomyorder intakes, a drop in output and job shedding. In specific, the survey showed that the rate of drop
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Access to finance remains far bigger problem for Greek SMEs compared to euro area peers
EconomyMacroeconomywas not a significant concern for Greece where the respective rate was kept close to 5 percent remaining by far
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Government tables amendments with aim of securing bailout tranche within days
EconomyProgramme, and to a potentially higher interest rate on large corporate loan sales under certain circumstances. Economy
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Newsletter 76 - 03/06/2016
of structural reforms to boost both productivity and growth. In addition, the unemployment rate
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Vast majority of Athens homeless ended up on streets during crisis
Societyrate.
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Government hopes offer of tax breaks and grants will spark growth boost
EconomyMacroeconomyof investments, the law foresees a stable tax rate for 12 years or a tax exemption up to 10 percent
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Car sales surge for second straight month, rising by 33 pct in May
EconomyMacroeconomyhigher rate of 37.1 percent to 15,300 in May, which is also a new high since June 2010. Passenger car
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