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S&P upgrades Greece one notch to B, sees growth in 2015
Economy’ on August 2 and of Fitch by one notch to ‘B’ on May 23. Moody’s rating stands two notches lower than... is scheduled by Fitch on November 21. S&P expects Greek GDP to ease 0.2 percent in 2014 and rebound... of 2 percent of GDP in the next three years, which is less than half the 4.5 percent target
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Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
EconomyMacroeconomypercent. Similarly, the consumption tax to GDP ratio reached 11.8 percent in 2012, almost 2 pp above... the OECD average of 6.6 percent. However, their contribution to total taxation slipped by 2 pp to 21.2...) among eurozone countries. The report acknowledges that the average standard VAT rate of the 21 OECD EU
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Greece sees lower primary surplus at 0.3 pct for 2014, fiscal challenges remain
EconomyProgramme-claim) should not be included in primary surplus under EAP 2) EAP includes only a part... is not specified. 2) Greece has not received the SMP profits of 1.84 billion, which were also..., while Eurostat will follow suit with its own publication for EU countries on April 21. The MoF
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Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBankingreserves (LLR) to gross loans rose to 21 percent in 2014 from 18 percent in 2013. NPLs The non... of 2 billion. The February breakdown showed ELA funding at 17.6 billion and ECB funding at 4.8...-Bills of just over 2 billion euros and Greek government bonds (GGBs) of 1.5 billion. The Basel III
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ELSTAT sees 2014 primary surplus at 0.4 pct of GDP, debt at 177.1 pct
EconomyMacroeconomy. Debt GG debt eased by almost 2 billion to 317.09 billion euros in 2014 from 319.18 billion in 2013... ratios deteriorated. In particular, the debt/GDP ratio increased by more than 2 percentage points... to release gg deficit and debt figures for all EU countries on April 21. Over the last couple of years
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Greek banks in intensive care: What lies ahead?
Agorasector acquisition meaning that parts of the bank can be sold without the consent of shareholders 2..., uninsured deposits amounted to 33.8 billion euros at the end of June 2014 corresponding to around 21... about the banks’ solvency also linked to liquidity issues. 2) The assumptions of the ECB/SSM
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Newsletter 49 - 30/10/2015
the three-day trip by the quadriga mission chiefs to Athens on October 21–23, the first visit since... of 2 billion euros. A few days later, on October 27, the government’s council for economic policy... in September. October’s rise took the index to -59.6. Overall,ESI is down 12.6 points this year. 2
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Greece concludes regional airports deal, more privatisations lie ahead
Economyon December 21 and early April 2016 respectively. The sale of DESFA (natural gas grid operator... budget, the Finance Ministry indicated privatisation revenues of 2 billion euros for 2016, lower... summer, the IMF estimated Greece could collect privatisation proceeds of 2 billion.
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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgrammesometime in the next few months. 2) Tax rate of 30 percent on OPAP Video Lottery Terminals (VLTs... the pension cuts imposed in 2012. This is estimated up to 2 percent of GDP or 3.7 billion euros... on April 21. Pension reform The government spokeswoman Olga Gerovasili said at a press briefing
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBanking. In specific, net interest income (NII) rebounded QoQ for the second straight quarter by 2 percent... in Q4. The bank has guided for a cost of risk below 2 percent for the whole of 2016. On the asset.... From the ELA eligible collateral pool of 21 billion (cash value), the bulk (15.4 billion) relates
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