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Greek banks maintain focus on key areas as elections approach
EconomyBankingof 2 billion euros in mortgages, and Cairo, consisting of 7 billion euros in non-serviced loans 500... the securitisation of non-performing mortgage loans totalling 2 billion euros. A Tier II bond issue
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Fiscal targets and tax cuts on agenda as Staikouras meets Regling
PoliticsGreek Politicsmight have to water this down as the tax cuts will reduce next year’s fiscal space by another 2... aims to announce 2 billion euros of spending cuts and savings to counterbalance the 6 billion euros
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBanking. Around 40 percent are located in Athens. Piraeus Bank is preparing a securitisation of 2 billion... euros. Finally, Eurobank is waiting to include the Pillar securitisation into Hercules, concerning 2
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Greek pupils score below average in international rankings as long-term problems persist
Societyproblems in all three disciplines. From long-term average scores, Greece lost score 2 points..., the latest results showed that Greece lost 10 points in reading, 2 points in mathematics and 3 points
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Newsletter 231 -06/12/2019
YoY, while gross fixed capital formation showed an increase of 2 percent. Compared to Q3 2018... imports of goods decreased by 2.9 percent and imports of services rose by 8.6 percent. 2 GDP rises by 0.6
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Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
EconomyBankingloans, 10 percent large business loans and 2 percent marine loans. Along with 95 percent of mezzanine... is expected to be around 2 billion euros. The process allows potential investors to submit non-binding bids
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Lenders conclude 'productive' talks on fifth review but issues remain as Athens targets fiscal space
EconomyProgrammewent sour during the crisis will also need to be settled as banks are claiming more than 2 billion... rates by 2 percentage points. Combined these two interventions require close to 1.9 billion euros
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Piecemeal process likely in drive for more fiscal space
EconomyProgrammecase it will free up 0.6 pct of GDP space towards tax cuts. The government plans to direct 2 billion... that the reduction in borrowing costs alone since the start of the year has created already fiscal space of 2
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Retail turnover edged up by 0.2 pct in Dec, annual increase at 1.3 pct
EconomyMacroeconomyat 1.3 percent compared to an increase of 2 percent in 2018. The corresponding volume index dropped...) and supermarkets (-2 percent). The monthly seasonally adjusted (SA) retail sales index in December fell
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A sudden turnaround that could lead to sharp shock
Agorabusinesses, or 90 pct of the active total, being under some sort of support, encompassing a total of 2.... The Finance Ministry plans to commit up to 2 pct of GDP in the form of direct support, which
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