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Greece and lenders with conceptual, as well as practical, gaps to bridge
PoliticsGreek Politics. These are: 1) Negotiating directly with European institutions and the International Monetary Fund 2) Not accepting any more bailout loans 3) Reducing Greece’s debt pile 4) Lowering fiscal targets 5... the relaxation of fiscal targets (Varoufakis says he is aiming for a primary surplus of 1 to 1.5 percent
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Greece stands on fault line between vicious and virtuous cycles for 2016
Agora, since Tsipras signed the agreement he has paid over 4 billion euros to the IMF and nobody seems to have.... Privately held debt maturities come to just 1.7 billion euros, obligations to the IMF are under 4... an extensive pensions cost saving exercise that has to deliver complete savings of 1 percent of GDP
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For better or worse: Greece's bailout exit deja vu
Agoraof 2014 was for a primary surplus that averages 4 percent of GDP for about four decades. “Although most... forward. But maintaining the programme primary surplus of about 4 percent of GDP for several years may... and are deep-rooted. There is no room for anyone to be willing to consider in 2014 a primary surplus of 4
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PDMA releases details of 10-year bond, highlighting strong interest
Economywell during its first month of trading and since issuance the yield has dropped by nearly 1 percentage point, 80 basis points. The Greek authorities, following Moody’s upgrade by two notches on March 1, announced their intention to issue a new 10-year benchmark on Monday, March 4 at 12:15 local time
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Greece heads back to markets with 7-year bond in bid to boost own funds
EconomyStability Mechanism up to 4 billion euros in health-related expenditure and just above 1 billion euros... benchmark jumping from under 1 pct to 4 pct, before easing off after the ECB announced that Greece would... was for a range between 4 and 8 billion euros, with the aim of reducing the reliance on short-term T-bills
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Deal seen on energy liberalisation as third review SLA edges closer
EconomyProgrammeAgreement (SLA) before the December 4 Eurogroup and it appears that one of the big-ticket items in the third... before December 4, otherwise a technical agreement would not be possible. Reports on Monday suggest... and the Directorate-General for Competition in Brussels, which will include the sale of the Megalopolis 3 and 4
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Coalition considers options for addressing pension system sustainability
EconomyProgrammepensioners currently stands at 1:1.7 compared to a target of 1:2.1 for a viable pension system. The key points of the proposed pension reform include: 1) A national pension with a growth clause equal... on the salary or income. 3) Both national and contributory pensions will be state guaranteed. 4) Social
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammeof the public sector attrition rule from 1 hiring for 5 departures in 2016 to 1:4 in 2017 and to 1:3...’s key provisions relate to the parametric fiscal measures yielding 1 percent of GDP... as of June 1 with estimated annual revenues of 437 million and a rise in the excise tax on cigarettes
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Minor uptick in time deposit and average loan interest rate in June
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 1 basis point (bp) to 0.86 percent in June from... the weighted average rate on total new deposits eased by 1 bp to 0.42 percent, which represents a new record low since Greece’s euro accession in 2002. Loans Corporate loan rates for amounts less than 1 million
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingAlpha Bank’s reported net profit stood at 1 million in the second quarter (Q2) of 2017 including...) rebounded 4 percent quarter on quarter (QoQ) to 317 million, largely due to an improvement in both net... at 26 billion, the NPE stock has to be reduced by another 1 billion in H2, with the management stating
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