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Greek banks brace for recapitalisation, with Piraeus initiating a bond swap offer
EconomyBankingscenario. Until now, very few details have been leaked and they mainly relate to the macro assumptions.... In specific, 265 million relate to senior unsecured debt issued in 2014, 211 million of subordinated debt
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Cash primary surplus contracts 2.9 pct to 2.68 bln on weak revenues in Sept
EconomyMacroeconomy. Note, though, that last year’s figure included extraordinary revenues of 1.31 billion that relate... (HFSF) paid to the state. These revenues relate to fees Greek banks paid to the HFSF in 2012
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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomyinterventions for a total of 5.73 billion euros for 2015 and 2016, of which 1.54 billion relate to this year... for the 2-year period mainly relate to: contributions to social security organizations (1.11 billion), largely
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Central gov’t debt rises to 314.6 bln in Q3 on eurozone tranche and GGB redemptions
Economyin the previous quarter. Of this amount, 52.9 billion relate to bilateral loans, 143.9 billion to EFSF... from 15.66 billion in Q2. Guarantees to gg entities stood at 8.56 billion and mainly relate
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General government primary cash surplus widens notably to 5.14 bln at end of Nov
EconomyMacroeconomyreduced by 7.25 billion euros. The most marked transactions in the course of 2015 relate to GGB... Assistance (ELA) guarantees by 3.4 billion each. The bulk of the outstanding guarantees relate to ELA
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammefor the institutions relate to the implementation of the Council of State decision ruling unconstitutional the pension... relate to interest payments and 1.5 billion to payments to the IMF.
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Newsletter 64 - 26/02/2016
. The January deductions mostly relate to the household lending sector (299 million) followed by a negative flow of 201 million in the corporate sector. The January deductions mostly relate to the household
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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgrammebut have not been either legislated or implemented. These interventions relate to: 1) Imposition... will fight to secure pensions between 600 – 1,200 euros, which relate to the bulk of pensioners
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingexceptional costs of 163 million euros in Q4 of which 110 million relate to cost provision of a new... Eurosystem funding shows 13.7 billion relate to EFSF and ESM bonds, 14.4 billion to loans, 1 billion
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OECD sees potential for recovery in Greek economy, stresses benefits from reforms
EconomyMacroeconomybehind this performance relate to administrative capacity constraints, little programme ownership... (from 197.4 percent) in 2017. Upside risks to OECD outlook relate to swift and full implementation
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