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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBanking(PPI) improved by 1 percent quarter-on-quarter (QoQ) to 294 million in Q2, mostly due to other income. Net interest income (NII) fell by 1 percent to 431 million euros QoQ, while operating expenses declined by 1 percent also. The results were largely in line with those of industry analysts. Asset
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Tsipras confirms Parliament will probe contentious Novartis bribery claims
PoliticsGreek Politics. The committee will have 21 members (10 SYRIZA, 5 New Democracy, 1 PASOK, 1 Golden Dawn, 1 KKE, 1 ANEL, 1 Union of Centrists & 1 To Potami), with the governing coalition being represented by 11 MPs, who... Papantoniou over his derivation of wealth declarations) was formed on April 4, 2017 and had to produce its
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Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023
EconomyMacroeconomyseen in the draft budget last month, and ahead of the recent forecast by the European Commission of 1... by 1.5 pct, after rising by 0.2 pct in 2022. Exports growth is also at a moderate 1 pct, after a 9.7.... The total deficit is seen at 2 pct of GDP, 4.46 billion euros, from a deficit of over 4 pct, 8.54
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Tracking Greece's fiscal performance
Agoratime. Figure 1 shows the overall fiscal balance over 10 years through 2022-Q2 as reported by two key... data point represents the general government fiscal balance over the past 4 quarters. Thus, we see... are calculated on what is called a “modified cash basis,” the dashed line in Figure 1. This means
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Where are the Conservatives?
Agora(only members with “cabinet authority”). A sample is presented in Table 1. This is not a scientific... (countries are organized differently), but the broad outlines are nevertheless instructive. 1... (Mitsotakis 1 and 2). 2. The average number of “cabinet” members, sometimes including state secretaries
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Why did Greece return to bond markets now? Was it the right decision?
Economyilluminate this debate. 1) Why did Greece issue this bond now? The Greek government had been... percent, banks for 14 percent and pension and insurance funds for 4 percent. The Wall Street... in Greece’s upcoming T-Bill auctions, which are expected to ease to between 1 and 1.5 percent from
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What is in SYRIZA's 3-pillar programme to overcome the crisis?
Economyinterventions involve: 1) Subsidized meals for 300,000 poor families (estimated cost at 756 million). 2... to medicine expenditure (350 million). 4) Free public transport card for the long-term unemployed... pillars. The five interventions of this pillar include: 1) Abolition of the single property tax (ENFIA
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Greece's fiscal, debt and funding goals as set out at Eurogroup
EconomyProgrammeinto account the following factors: 1) EFSF loans of 142 billion euros (75 percent of GDP) bear... the assumption of a primary surplus of 1.5 percent (instead of 4.5 percent) and nominal GDO growth of 4... that revenue mobilisation could fetch up to 5.5 billion in 2015 stemming from: 1) fighting illegal trading
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Greek banks in intensive care: What lies ahead?
Agorabank failure cannot be avoided. The resolution tools mainly consist of powers to: 1) Effect private... between a “good” and “bad” bank respectively through partial transfer of assets and liabilities 4) Bail... banks. At the end of Q1 2015, Greek banks’ Basel III Common Equity Tier 1 (CET1) ratio stood at 12.7
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Newsletter 36 - 24/07/2015
that the recapitalisation of Greek banks will be concluded well ahead of 1 January 2016, when the bail-in tool... – either individually or in combination. These tools involve: 1) splitting bank operations that can... and liabilities, and 4) bailing-in creditors by cancelling or reducing the liabilities of the failing
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