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Newsletter 86 - 26/08/2016
that will stem from the existing Marinopoulos company. The plan also incorporates a haircut of 40–50 percent... in June, reflecting a drop in foreign arrivals by 2 percent to 2.97 million and in the average... of Greek debt. 2 A harsh social reality Greece's economic and social deterioration can no longer
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingdropped by 2.8 and 2 percent respectively in the first half (H1) reflecting lower personnel.... Overall, the NPL formation in Greece reached 2 million in Q2 from 127 million in the previous quarter..., the fully-loaded Basel III CET1 ratio edged down by almost 50 bps QoQ to 16.2 percent. During
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Greece, lenders fail to make headway on fiscal and labour issues
EconomyProgrammeon the technical details of the fiscal issues such as the necessity for adopting measures worth 2... the Greek side. The Fund’s stance that additional savings of 2 percent of GDP, or 3.6 billion euros... there was a scheduled meeting on labour market reforms which lasted 50 minutes and was inconclusive. Labour Ministry
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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgrammeevening. The 53-page document dated May 2 is broadly similar to a previous draft of April 23 that we... (2 million). Although the tax expenditures to be abolished are not detailed in the draft sMoU... will be amended to increase the quorum for voting on a strike to 50 percent. In addition, the sMoU stresses
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Greeks underwhelmed by deal with lenders, stressing uphill task for Tsipras
PoliticsGreek PoliticsIndependent Greeks is polling below the threshold, on 2 percent. The ProRata survey also underlined... that it should be 1.5 percent, rather than the 2 percent decided at the Eurogroup. “Over the long term... with market prices, the change to the labour law so strikes can only be called if more than 50 percent
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Newsletter 134
of bonds whose repayment is due to begin in 2023, with escalating coupons that started at 2 percent... snap elections are in a minority of 33 percent. 2 Unemployment falls to 21 pct in July Headline... in the Aegean islands at 16.3 percent. PMI rises to 52.8 in Sept Monthly figure stays over 50 points
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Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBanking. P&L NII rose by 1.3 percent QoQ, slowing slightly from an increase of 2 percent in Q2, and stood... expenses remained more or less flat at 223.2 million. On an aggregate basis, the figure fell by 2... CET1 ratio came to at 14.6 percent in Q3, increasing by 50 basis points year-on-year. Commenting
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Newsletter 147 -19/01/2018
not like to consider going to the polls in a year that they have to implement new fiscal measures worth 2... percent. 2 Budget primary surplus at 1.97 bln in 2017 Strong underspend drives headline figure... work across this year, except for May when full-time work rose marginally above 50 percent versus
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Newsletter 159 -27/04/2018
figure for 2016 when revenues exceeded 50 percent of GDP, at 87.37 billion euros. The drop... this year compared to last year, though the average amount payable has declined year-on-year. 2... expenditure came to 9.45 billion euros, very slightly below target by 2 million euros. Net revenues
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesto limit the rise of pension expenditure to 2 percent of GDP over the long term (2010-2060). It raised... the top 2 percent of pensioners actually experienced cuts of 40 percent or more. Since 2013, detailed... over the next 50 years. Even in the absence of the financial crisis and the creditor’s lending
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