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  1. Management of NPLs to test gov't in negotiations with lenders
    Photo by MacroPolis

    Economy

    of 1 billion euros. The government is due to adopt legislation regarding the licensing and regulation... of the first programme review. Among the other topics including in the NPL prior actions, we highlight: 1

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  2. SYRIZA fails to make any friends with new public sector wage grid
    Photo by MacroPolis

    PoliticsGreek Politics

    of the multi-bill of prior actions that Greece has to pass in order to receive the next 1 billion euros of bailout loans. The proposed changes, which will apply from January 1, include decoupling wages from

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  3. Greece stands on fault line between vicious and virtuous cycles for 2016

    Agora

    an extensive pensions cost saving exercise that has to deliver complete savings of 1 percent of GDP... in Yen maturing in February. The state’s budget foresees a primary surplus of over 1 billion euros

    5%
  4. Time deposit rate eases by another 5 bps in Nov, average loan rate drops 16 bps

    EconomyMacroeconomy

    , the respective rate rose to 5.22 percent (amounts between 250,000 and 1 million euros). It fell to 5 percent for amounts above 1 million euros. The corporate lending rates in Greece stand around 200-300

    5%
  5. Deflation drops to 0.2 pct in Dec, at 1.7 pct for 2015
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    and non-alcoholic beverages as well as in housing fell by 1 and 0.9 percent MoM respectively. Greece... and the OECD latest estimates are pointing to an inflation rate between 0.5 and 1 percent in 2016.

    5%
  6. Unpaid social security contributions almost reach 15 bln

    Macroeconomy

    owing less than 15,000 euros each for an aggregate amount close to 1 billion (6.7 percent of total... percent of total). Meanwhile, 995 debtors (0.4 percent of total) owe more than 1 million each for a total

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  7. Unpaid social security contributions hit 15.35 bln at end of 2015

    Economy

    1 billion. From the total overdue contributions of 15.35 billion euros at the end of 2015, 11.31... debtors owe more than 1 million euros each for an aggregate amount of 3.47 billion euros

    5%
  8. General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    indicated it would repay a portion of arrears with part of the last two sub-tranches of 2 and 1 billion...-tranche (1 billion) and payment to the IMF (1.2 billion). The other debt components were kept stable

    5%
  9. Newsletter 62 - 12/02/2016

    Newsletters

    , which would be reduced by 1 percentage point for incremental income of 1,000 euros. Thus, the discount... for Greece saving 1.8 billion euros (equivalent to 1 percent of GDP) this year in order to meet its

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  10. BoG outlines steps to economic recovery, updates on banks' asset quality
    Bank of Greece

    EconomyMacroeconomy

    involve: 1) Further strengthening of the banking system by addressing the huge stock of non..., Greek banks’ Common Equity Tier 1 (CET1) and total capital adequacy ratios reached 18 percent

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