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Disposable income slips 1.6 pct in Q2 on higher income and wealth taxes
EconomyMacroeconomycoupled with a series of wage cuts. For the private sector in particular, lower salaries reflect... as shift towards more flexible forms of work that inevitably led to lower employee compensation
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The key points in Greece's new bank recap bill
Economyshareholders will be determined via a book building process and cannot be lower than the price of HFSF’s participation. In addition the issue price of the capital increases may be lower than market
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ECB sees Greek banks' total capital needs at 14.4 bln, recap plans to come
Economyby the deteriorating macro environment in Greece that led to higher NPE volumes as well as lower...) or for a lower amount. Saturday is also the deadline for the publication of Greek banks second
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PMI continued improving in Oct but survey data points to economic struggle ahead
EconomyMacroeconomyreflecting lower demand from both the domestic and the international markets was recorded in October mostly.... In addition, falling production volumes resulted in lower holding of unfinished goods. The average lead times
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankingimpact from Turkey, whilst the Greek NII rebounded 2.6 percent QoQ on the back of lower deposit cost... of the Eurosystem funding by 2 billion euros QoQ fully attributed to lower Emergency Liquidity Assistance
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Eurosystem funding down by 2 bln in Oct for fourth straight fall
EconomyMacroeconomythe decrease in the preceding three months, which was due to lower Emergency Liquidity Assistance (ELA) usage... by the haircut that is applied by the ECB. A lower decline was also reported in the ECB-funding collateral
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NBG strengthens capital at deep discount, falls short of initial target
Agoraby the management on November 3 when it presented its capital plan. This largely reflects the lower...:15) since the offer price cannot be lower than the minimum price of 0.30 euros allowed by law
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Current account surplus widens to 838 mln in Sept on shrinking goods deficit
EconomyMacroeconomyand 3.38 billion respectively. The services’ surplus fell by 18.1 percent mainly due to lower net... offset a services’ surplus that was 794 million lower, as well as the worsening of the primary
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PMI at 50 points in Dec as manufacturing shows signs of stabilisation
EconomyMacroeconomywas reflected in a lower quantity of finished goods’ stocks. At the same time, incoming new orders fell... at lower levels, while the levels of purchases’ stocks have followed a steady downward trajectory since
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High unemployment, falling wages damaged sustainability of largest Greek pension fund
EconomyMacroeconomyhirings were part-time or shift-work employment, inevitably entailing lower wages. Unlike salaries..., while the respective decline in high-income salary-earners was much lower at 15.4 percent.
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