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Here's what's in the 2015 draft budget the Greek government has just unveiled
EconomyMacroeconomy, the MoF anticipates the primary surplus will reach 3.6 billion euros (2 percent of GDP), lower than... than the 2.5 percent incorporated in the MTFS and slightly below the EAP target of 3 percent... plan neither an estimate of privatization proceeds. Bonds Following the issue of 3- and 5-year bonds
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomyin the implementation of pending structural reforms that could undermine investor sentiment, 2) the very high debt which remains a major challenge, 3) slow progress in bank balance sheet restructuring...: 1) more credit from the banking sector following the recapitalization, 2) better export performance
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Greek gov't tables draft law on installments for unpaid taxes: Here's what's in it
EconomyMacroeconomy-third of the collectable tax arrears, around 3 billion euros. Regarding the impact these measures would.... In particular, for upfront payment the amount of penalties and surcharges is eliminated, for 2 to 5... is lowered to 3 (from 4.56) percent per year. A broadly similar process is provided for social
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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBankingincreased by 11 percent QoQ in Q4, while loan NII fell 2 percent. The double-digit rise in operating... synergies and 100 percent of funding synergies related to the acquisition of 5 banks (ATEbank, 3... of seasonal agricultural loans in December (that were fully repaid in February), gross loans slipped 2
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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingincome (PPI) fell 12 percent quarter on quarter (QoQ) to 363 million in Q4 reflecting a 2 percent drop... on year (YoY). Impairment losses rose 3 percent QoQ to 378 million, while the full year figure... contracted by 3 percent QoQ to 64.9 billion. The 2.2 billion QoQ drop in Q4 in entirely due to its Greek
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Newsletter 21 - 27/03/2015
Govt finalises reform list Athens hopes approval will see release of 3 billion euros All... is expected to be held next week. The government hopes that approval of the list could unlock around 3 billion... SYRIZA had initially predicted the new tax would return 2 billion less in revenue and has refrained
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Newsletter 23 - 17/04/2015
markedly in the first quarter of this year. Local media claimed that around 2 billion euros of new... coverage ratio, the jump in NPLs by circa 3 billion in Q1 2015 means that Greek banks should create... of 1.62 billion euros. 2 Compromise now, reckon later? The economy is locked in an ever-asphyxiating
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Greece drafts reform multi-bill as talks catalyst but fiscal gap lingers
EconomyProgramme. 2) Increase in luxury tax in cars, pools and yachts with estimated revenues of 20 million euros. 3... and savings required by institutions. According to Kathimerini, Greece’s lenders see a fiscal gap of around 3 billion euros for a primary surplus of 1.5 to 2 percent of GDP to be achieved for 2015.
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The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammeprivatization revenues at 0.5 percent this year, 3 billion by 2020 and 4 billion by 2022. Under... account to cover debt servicing (payment to the IMF of 1.6 billion due on June 30). 2) The second... be credited to a new subaccount to be used for payments for projects financed by EU structural funds. 3
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Tsipras turns down last-minute Juncker offer, plans to stand aside if 'Yes' wins
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2013/11/21/tsipras_1000_myrto_2111-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
PoliticsGreek Politics, falling from 23 percent in the previous document put forward by lenders to 13 percent). 2) Greece... for low-income pensioners (EKAS). 3) The Eurogroup would convene before midnight on Tuesday to confirm...” would follow a “Yes” vote. 2) If there is a win for the “Yes” campaign, the government
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