Search
-
The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammeof 1 percent this year and 3.5 percent in 2020 and 2022. Under scenario A, with nominal GDP growth... privatization revenues at 0.5 percent this year, 3 billion by 2020 and 4 billion by 2022. Under... tranches between end June and end October. 1) The first tranche involves 1.8 billion euros in 2014
14% -
Tsipras turns down last-minute Juncker offer, plans to stand aside if 'Yes' wins
PoliticsGreek Politicsbetween Greece and its lenders. Juncker reportedly proposed: 1) Tsipras commit to the institutions... for low-income pensioners (EKAS). 3) The Eurogroup would convene before midnight on Tuesday to confirm... ERT for a lengthy interview. During the programme, Tsipras revealed the following points: 1
14% -
What next for Greece's revenues and spending?
Agoraconsistently below their targets throughout the first five months of the year and involve: 1) Grants... social security funds expenditure (at zero versus a full year (FY) target of 446 million) 3) Grants... or 26.9 percent below target in the 5-month period. The main laggers relate to: 1) Consumption and non
14% -
Newsletter 37 - 31/07/2015
lenders will agree that the recession this year could be as deep as around 3 percent of GDP. Some... see Greece being on course for a primary deficit of 1 percent of GDP this year, compared to the last forecast for a 1 percent surplus. Beyond that, the various parties have to get down to discussing
14% -
General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomyto 13.6 percent of total. Around 1 billion from the first sub-tranche of 13 billion Greece received... MoM to 313.17 billion reflecting: 1) A drop in Greek government bonds (GGBs) by 3.55 billion... billion. 3) A decline in EFSF/ESM/IMF loans by 1.85 billion largely reflecting payments to the IMF
14% -
Newsletter 46 - 09/10/2015
-set relates to the: 1) adoption of a roadmap for the investment licensing reform, 2) establishment of three mobile enforcement teams on anti-smuggling, 3) reconvening the inter-ministerial spatial... actions for mid-October: 1) the adoption of the OECD recommendation on pharmacy ownership being opened
14% -
Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target
Economyin September and 3 percent in the 9-month period to 16.43 billion, 194 million short of the revised... below targets. These mainly involve: 1) Grants to Manpower Employment Agency (at 37.3 percent... of 446 million) 3) Grants to hospitals (at 37.9 percent of the FY target of 1.16 billion) 4
14% -
Marginal changes in loan and deposit rates in Sept
EconomyMacroeconomy(for amounts above 250,000 euros and below 1 million) and by 3 bps (for amounts above 1 million euros... rate down by 3 bps to 2.36 percent, while that for consumer loans without a fixed maturity (mostly
14% -
NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankingincome down 22 percent QoQ to 759 million. As a result, despite a cut in operating expenses by 3 percent... time since the turmoil that emerged last December. In contrast, gross loans contracted by around 3... (ELA) funding. The Common Equity Tier 1 (CET1) ratio remained almost stable QoQ at 9.6 percent
14% -
Newsletter 51 - 12/11/2015
3 billion, with an additional 0.4 billion expected after the bail-in is triggered. As we indicated... on the evening of November 12 and bondholders of around 1 billion of the total tendered 1.09 billion... an initial indication on November 3, Eurobank announced on November 12 that it has received
14%