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Newsletter 380 - 12/05/2023
-election pledges of the leading parties took centre stage this week after government officials circulated
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Eurobank NII jumps by over 55 pct in Q1, NPE ratio at 5 pct
EconomyBankingby 7.4 percent YoY to 221.5 million euros. This took the cost-to-income ratio to 35.1 percent in Q1
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Travel surplus continues to grow in March, up 55 pct YoY in Q1
EconomyMacroeconomymillion euros. Payments also increased to 499.6 million, which took the overall travel balance to 233.2
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Credit growth slows to 3.9 pct in Apr, flow negative at 789 mln
EconomyMacroeconomyto insurance corporations showed a net monthly outflow of 141 million euros. This took the balance
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Fitch takes no rating action as fiscal continuity remains crucial to investment grade
EconomyMacroeconomyFitch took no action on Friday regarding Greece’s rating, re-affirming the country’s ‘BB+’ and keeping the outlook stable. Buoyed by New Democracy’s landslide win in the June 25 elections, some commentators in Greece were anticipating a possible upgrade. However, this option seemed remote as Greece
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Wages rise by 7 pct, offset by 7.8 pct 12-month rolling CPI
EconomyMacroeconomysince 2020, after the economy took a severe hit from the pandemic. The data represents the situation
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ND lead unabated in face of last-minute disputes over migrant boat sinking, minority votes
PoliticsGreek Politicsthe accident took place under the interim government, the political reaction has been heated. SYRIZA
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Travel balance up 16 pct YoY in Apr, at 1.49 bln in first four months
EconomyMacroeconomybillion euros. Payments also increased to 762.6 million, which took the overall travel balance
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Bond re-opening with 4 pct yield completes debt strategy for year
EconomyThe PDMA took another cautious step on Wednesday by completing the debt strategy for the year with a small re-opening of the issuance that matures in January 2042, also rounding up the re-opening schedule for the second quarter. The transaction drew 1.23 billion euros, being oversubscribed by more
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Opposition parties jostle for position in post-election political landscape
PoliticsGreek Politicsopposition took a severe beating in May, losing by more than 20 points. Alexis Tsipras is fighting for his
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