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S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
EconomyBankingsees Greece growing by 2 percent in 2018, lower than its last official estimate of 2.3 percent... lower than last year’s MTFS when the economic recovery was projected to accelerate with GDP up
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Eurosystem funding falls by 4.56 bln in June to 16.31 bln
EconomyMacroeconomythis, the majority of the fall (79.45 billion) originated from a lower reliance on ELA funding... on Greek government securities along with the lower haircut applied on ELA collateral and participation
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For better or worse: Greece's bailout exit deja vu
Agoraand a lower tax-free threshold for 2019 and 2020 and that all these constitute a fourth programme... to offset both of those measures with growth-enhancing interventions like extra benefits, some lower
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Budget primary surplus at 617 mln in June as expenditure continues to fall below target
EconomyMacroeconomytarget by 87 million euros, and lower by 2.9 percent compared to last year. Expenditure Primary... of the year, expenditure increased by 2 percent to 23.32 billion, lower than the target by 122 million. PIB
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Eurosystem funding down by 3.29 bln to 13.02 bln in July
EconomyMacroeconomy(81.93 billion) originated from a lower reliance on ELA funding. The decline in central bank funding... with the lower haircut applied on ELA collateral and participation of Greek banks’ EFSF holdings
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Tax cuts set to lead package of post-MoU pledges by Tsipras
PoliticsGreek Politicsto lower taxes if he comes to power. The centrepiece of his collection of pledges has been the reduction... in the food service sector and to lower other tourism-related taxes. Earlier this year, the opposition
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Banks on track with NPE targets in Q2 as sales play bigger role
EconomyMacroeconomywas reduced by 3.8 billion euros quarter-on-quarter (QoQ) to 88.6 billion, 1.6 billion lower than the target.... During the quarter, corporate NPLs came to 32.4 billion euros, roughly 600 million lower than the target
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New overdue taxes rise by 377 mln in July, total stock above 102 bln for second month
EconomyMacroeconomy, lower than the figure for the same period last year by a notable 25.6 percent. New unpaid obligations from tax categories showed a rise of 296 million month-on-month in July, lower than the increase
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Eurosystem funding down to 12.63 bln in August, banknotes in circulation rise slightly
EconomyMacroeconomythis, the majority of the fall (82.28 billion) originated from a lower reliance on ELA funding. The decline... government securities along with the lower haircut applied on ELA collateral and participation of Greek
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New overdue taxes rise by 849 mln in August with total stock at 102.81 bln
EconomyMacroeconomytotalled 6.42 billion, lower than the figure for the same period last year by just under 25 percent. New unpaid obligations from tax categories showed a rise of 296 million month-on-month in August, lower
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