Search
-
Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingformation has declined. The bank reported that year-on-year, NPEs have been reduced by 3 billion... to a total of 1 billion which the bank aims to sell by October 2018. Towards the end of 2018... of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new and 50 percent rolled over
14% -
For better or worse: Greece's bailout exit deja vu
Agoraprogramme were for a primary surplus of 3 percent in 2015, going up to 4.5 percent of GDP in 2016... of pensions spending by 1 percent of GDP and collecting more revenues, also worth 1 percent of GDP..., Greece was expected to reach a primary surplus of 1.5 percent of GDP and double it to 3 percent
14% -
IMF voices concerns over long-term debt, sees more relief being needed
EconomyProgramme-term growth cannot exceed 1 percent, and even those assumptions can only be achieved if Greece... a primary surplus of 2.2 percent of GDP on average and a long-term nominal growth of 3 percent, which brings real growth that exceeds 1 percent. In the IMF’s baseline scenerio, although debt-to-GDP
14% -
Getting to the church on time
Agoraearlier this year on a 1:1 departures to hirings ratio. He added that the positions would... opposed to his bid to tinker with Article 3 of the constitution (on the role of the church) in order... 3 and claimed in a parliamentary debate on Wednesday that the “state cannot underestimate
14% -
A European intelligence school led by Greece and Cyprus?
Agoraof Cyprus. This project is part of a list of 17 joint projects signed within the PESCO framework[1]. PESCO... on the basis of which EU member states could take action”[3]. Intelligence is a national prerogative...-President of the Open Diplomacy Institute (Paris, France). [1] Greece will also lead the training
14% -
Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingdeclining by 39 percent to 513 million euros. Net interest income (NII) edged down slightly by 1 percent... to stand at 8 billion. P&L NII stood at 346 million euros in Q3, down by 1 percent, and declining by 16... 3 which led to lower accruing balances. This was offset by deposits picking up and the reliance
14% -
Newsletter 213 -07/01/2019
on the 3 percent threshold for gaining seats in the next Parliament. Their entry into the House could... in enterprises declined by 0.5 percent. The average salary at enterprises fell by 3 percent, while... 2011 Loans to sole proprietors edged up by 1 million euros after a negative reading of 30 million
14% -
New Democracy tax pledges put spotlight on available fiscal space
EconomyProgrammebring in just over 1 billion euros in revenues each year. Mitsotakis also declared his government’s... has asked government departments to find 3 billion euros of savings in order to fund the tax cuts... to 3 percent from 5. However, the biggest change is regarding businesses as New Democracy plans
14% -
Newsletter 224 -18/10/2019
fiscal gap, from around 1 billion euros originally, to zero were fruitful. It appears... significantly accelerating in the last quarter of 2019, growing by 3 percent year-on-year... balance turning to a small deficit of 0.3 percent this year, which accelerates to 1 percent next year
14% -
Despite differing views IMF and EC see no immediate debt sustainability concerns
EconomyProgrammeprogramme from 3 months Euribor rates to fixed rates of 94 basis points. This involves more than 52... percent, from 1 percent in March 2019, with short term growth seen 2.1 percent on average in 2019-2020. This leads to a nominal GDP level that is 3 percent lower in 2028 than it was anticipated in March
14%