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IMF recognises Greek 2013 surplus, sees less burdensome financing needs
Economy. For 2016 onwards, the gg deficit is anticipated below 1 percent in each year. Unlike the fiscal.... Surprisingly, the IMF’s estimates for Greece’s total financing needs are materially lower than
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21,717,120,000
Agora21,717,120,000 – This, as we have just discovered, is the total amount of money that has left German coffers since the Greek crisis started in 2010. It corresponds to Germany’s portion of the European Stability Mechanism’s (ESM) paid in capital, which was announced on May 1 as the fund reached its
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April saw first rise in Greek banks' Eurosystem funding this year
EconomyMacroeconomyof uncovered government-guaranteed bank bonds will be stopped as of March 1, 2015. This means that Greek banks... data for 2013, the ratio of Eurosystem funding to total assets ranged from 12 percent for Piraeus
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Greek credit contracts again in April but at slightly lower rate of 3.7 pct
EconomyMacroeconomymillion from 1 million in March. Total credit contraction has been hovering at circa 4 percent since
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Greek Q1 unemployment remains at record quarterly high of 27.8 pct
EconomyMacroeconomyimprovement by 0.4 pps YoY. On the flipside, the ‘long-term’ (more than 1 year) unemployment soared... employment accounts for 9.2 percent of total employed. The breakdown shows that almost two thirds
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Long-term jobless rate of 71 pct poses new set of social challenges for Greece
Societydecelerated from 2007 onwards, with the total figure falling below 180,000 in the last quarter of 2008.... In the first quarter of this year just under 1 million Greeks (958,700) were out of employment for more
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Greek union data suggest workers get paid late or in kind
Society. Almost 1 million workers are not paid the summer holiday bonus (equivalent to half a monthly salary). In addition, many Christmas and Easter bonuses (a total of 1.5 monthly salaries) are paid in kind
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Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln
EconomyMacroeconomy1 percent remaining the only sector posting a non-negative growth for the eighth month in a row... figures, total NPLs amounted to 77 billion euros, of which more than half stem from the corporate
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Greece shelves water privatisation plans, leaving gap in revenue targets
Economy50 percent (plus one share) out of the total 74 percent held in EYATH to the Greek State... for 2014 and 2015 respectively. The market capitalisation of EYDAP stands at 1 billion, implying
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ECB plans for ABS, covered bonds purchases leaves doubts for Greek banks
Economyat the low end slightly above 1 billion. Overall, Greek banks have an existing pool of securitized loans... proceed to securitizations and covered bonds issues of the remaining loan portfolio. Their total gross
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