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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgramme, additional bank recapitalisation needs of 10 billion, privatisation proceeds of 3 billion by 2018... of 6 percent, which is consistent with a risk-free rate of 1-1.5 percent plus a risk premium... grace extensions until 2040, which means an extension of the current grace periods from 6 years
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Stocks record weekly losses of 0.7 pct in wake of inconclusive Eurogroup
Economy, the top underperformers included Piraeus Bank (-7.6 percent), Ellaktor (-6 percent) and Folli-Follie (-5.5... Q1 results showed net losses worsened by 67 percent to 35.8 million, while revenues rose by 3... percent quarter on quarter (QoQ) to 259 million. Piraeus Bank trimmed net losses to 6 million in Q1
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General govt primary cash surplus at 5.34 bln in nine-month, sharp fall in arrears
EconomyMacroeconomymonths of 2017, up marginally (by 3 million euros) compared to the same time last year, according... were seen in local government (-17 million), state budget (-11 million) and hospitals (-6 million... falls were seen in non-gg entities (-17 million) and gg entities (-6 million). Bank-related guarantees
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Budget primary surplus at 4.65 bln in 11-month on lower expenditure
EconomyMacroeconomyin indirect taxes by 5.4 percent. Within this category, consumption tax rose by 6 percent and VAT... outperformance ranging between 38 and 66 million euros. Revenues from VAT increased by 6 percent... (82 million), and missed the target slightly by 3 million. Tax refunds rose to 4.84 billion euros
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From a tsunami of debt to some sense of normality
Agora11.7 billion euros, which is just 3 percent of total outstanding debt and only 6 percent of GDP... in September of that year that the deficit would reach 6 percent of GDP. In fact, it was at 8
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Athens hopes lower bond yields strengthen case for reducing fiscal targets
EconomyProgrammebelow 2 percent and the yield of just 0.15 percent for the rollover of 6 months T-bills, he argued... between 4 percent and 6 percent as the debt ratio drops and the risk premium is reduced to just 75 bps... assumptions of 3 percent nominal growth will suffice to convince the Eurogroup to give it some
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Growing Greece: From narrative to reality
Agorasome time to show its capability. A recent opinion poll by MRB for Star TV suggested that 6 in 10 voters are willing to give ND a 6 or 12-month grace period to show that it is fulfilling its pledges..., including a more benign international environment than the current one, a growth rate of 3 percent could
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Newsletter 227 -08/11/2019
. The other parties are some distance behind, led by centre-left KINAL on 6 percent. EC sees growth at 1.8... billion to 4.56 billion euros from 3.22 billion a year ago. Expenditure rose by 1.64 billion euros (+3... billion euros in September and made up 6 percent of the total. Finally, the stock of gg guarantees
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Overall loan interest drops to 4.32 pct in October
EconomyMacroeconomyrate to small and medium-sized enterprises (SMEs) fell by 6 bps to 3.84 percent, whereas... month. Deposits The overall weighted average interest rate on new deposits dropped by 3 bps to 0.20... to one year decreased by 6 bps to 0.39 percent.
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Overall loan interest drop to 4.30 pct in February
EconomyMacroeconomycorporations fell by 6 percentage points to 4.30 percent in February from 4.36 percent in January, data... and overdrafts rose by 3 bps to 14.65 percent. The average interest rate on consumer loans... interest rate on housing loans at a floating rate rose by 6 bps to 2.78 percent. The average interest rate
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