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Eurobank stays profitable in Q1 with net earnings of 36.5 mln
EconomyBanking, adding that they may accelerate write-offs and loan sales in the coming quarters due to delays..., and slowed to 13.8 billion on May 11. The breakdown revealed that Emergency Liquidity Assistance (ELA... to replacement by interbank repos, which rose to 5.8 billion in May from 5.3 billion in March
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Athens eyes deal on bailout tranche within June, hopes for QE breakthrough
PoliticsGreek Politicsin as much as the government has hinted that Prime Minister Alexis Tsipras may want to take Greece’s... that the government knows it will have to back down eventually if nothing better than the May 22... at the May 22 meeting, with clearer references to the debt issue.
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Lenders provide words of support and warning regarding debt talks
PoliticsGreek Politicsthat the eurozone will consider will be needed at the next Eurogroup, in comparison to the May 22 meeting, before... place on May 22) so the next bailout tranche can be released. “The ESM stands ready to prepare... actions and reforms that need to be carried out, rather than the debt relief discussion, may
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Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomyis an improvement on the 0.1 percent contraction posted in the flash estimates released on May 15...-Term Fiscal Strategy (MTFS) voted in mid-May point to a GDP growth of 1.8 in 2017. The European Commission (EC) adopted a more optimistic outlook in its spring economic forecasts published on May 11
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Rhetoric ramped up ahead of Eurogroup but deal still in sight
PoliticsGreek Politicsthat he has maintained since the last Eurogroup on May 22, which implies he wants to keep alive... on the debt relief measures set out in May 2016 and regarding the process for these interventions.... The more pessimistic quote from the Greek official may be Athens’s way of trying to get back at Schaeuble
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CPI up again in June with 1 pct increase
EconomyMacroeconomyhas eased slightly from the CPI recorded in May, it represents the sixth continuous positive reading after four years. The core index edged up by 0.4 percent after staying flat in May while the goods..., covering the fall of -10.4 which was registered in May. On a year-to-date basis, the indicator has
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Car sales rebound by 28.2 pct in June
EconomyMacroeconomyfalling by 2.7 percent in May, Authority (ELSTAT) data showed on Monday. Car sales came to 15,945 in June, falling from the figure in May. Passenger cars rose by 30.9 per cent in June following a drop of 6.5 percent in May, and came to 13,841. Passenger cars make up around 85 percent of total
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Budget surplus at 1.94 bln in 6-month, 1.51 bln above target on strong underspend
EconomyMacroeconomyin June from 114 million in May. Furthermore, the budget balance in the first half of the year posted... by 8.4 percent in June, after rebounding by 7.9 percent in May, and came to 3.70 billion. This remains... declining by 11.8 percent in May and landed at 3.24 billion. The aggregate figure for the six-month
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Healthcare next stop for Tsipras amid Georgiou case fallout
PoliticsGreek Politicsstatisticians had during Georgiou’s court case may provide Greece’s lenders with the extra ammunition... in a difficult position because Georgiou’s ongoing legal troubles may be a useful distraction and one... defendants "regardless of the special relationship they may have with agencies that operate under
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New overdue tax obligations reach 727 mln in June, total at 95.6 bln
EconomyMacroeconomyGreece’s new tax debt rose by 727 million euros in June, up slightly from 717 million euros in May... categories rose by 692 million in June, picking up pace from the figure of 599 million in May... as in May, since these obligations are paid in the second half of the year. The aggregate figure
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