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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economyhaving to clean up their balance sheets from the huge stock of non-performing loans estimated at 46... from further drop in oil prices, payment of general government arrears to the private sector
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EC sees resilience in Greek economy, urges additional measures in 2016 and 2017
Economyto drop 0.7 percent from growth of 0.5 percent in 2015, while the decline in investments is seen... that the agreed fiscal policy measures are expected to deliver savings of up to 2 percent of GDP (3.5 billion
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Newsletter 61 - 05/02/2016
. The faster rate is due to a 7.9 percent drop in imports against a 2.6 percent fall in exports, which... capable of holding up to 300,000 displaced people. If Greece is converted into Europe’s gatekeeper
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Industrial production rises by 5.2 pct in Dec, its highest growth rate since 2007
EconomyMacroeconomy, capital goods, recorded a drop by 5.5 percent. In contrast, production of consumer durables grew... 6.9 percent in 2015, yet it makes up just a fraction of the total index. The latest industry
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Greek pensions: The unsolvable equation
Agorabillion euros in 2009 but are estimated to drop below 16 billion this year. Social security contributions took a major hit not only as a result of people dropping out the labour force en masse but also due..., it is Tsipras’s fate to face up to the responsibility of delivering the savings that the creditors
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingbeen cut by 769 to 16,319 employees mostly stemming from a drop in the international operations... loan (NPL) ratio edged up to 35.2 percent in Q4 from 35 percent in Q3 with the NPL formation
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Eurosystem funding slips by further 1.9 bln to 104.2 bln in Feb
EconomyMacroeconomy, the Eurosystem funding mix was kept broadly stable with ELA funding making up 65 percent of total... a notable drop by 12.33 billion euros to 131.91 billion in February. The divergence
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingin fee income by 10 percent QoQ to 79 million. However, due a drop in other income, operating... ratio led the NPL coverage ratio up to 65 percent in Q4 from 60.9 percent in Q3. During the conference
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Building activity advances 5.1 pct in Dec, down 0.9 pct in 2015
EconomyMacroeconomy) of 2015. The declined by 5.4 percent year on year, bringing the cumulative drop over the last...) at the end of September, up by more than 4 percentage points year to date. The latest construction
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBanking. Net interest income (NII) edged up 1 percent QoQ to 474 million euros, largely due to lower... and a drop in the loan NII. During the conference call, the management guided for a positive impact
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