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Newsletter 7 - 12/12/2014
of the presidential vote has two distinct advantages. By holding the ballots on December 17, 23 and 29, rather than... reaction to Samaras’s unorthodox move was less than overwhelming. Whereas earlier some Democratic Left... of September, that value stood at 17 billion and was still materially lower than the 22.5 billion
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Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
EconomyBankingpercent in Q3 2014. Its Greek NPL ratio reached 39.4 percent in Q3 more than 5 percentage points (pp) higher than the market ratio of 34.1 percent in Q2, according to BoG. Non-performing loans... of business loans and accounting for more than 70 percent of the total NPLs. Piraeus surprised
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Greek budget primary surplus at 3.57 bln by end of November, beating target by 691 mln
EconomyMacroeconomy, according to the Finance Ministry (MoF) final budget bulletin. This is 33 million euros higher than... better than target. The budget over-performance so far is primarily attributed to lower expenditure... million) more than offsetting the ongoing net revenue shortfall (by 918 million). The breakdown of budget
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Newsletter 10 - 09/01/2015
indicated that more than one in ten voters are still undecided (Palmos 14.8 and GPO 13.1 percent... that goes to the winning party rather than hand New Democracy a surprising victory. The percentage... target for SYRIZA, the current opinion poll leader, than New Democracy. The new centre-left party
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Third of Greek households trapped in debt and poverty, study suggests
Societyto the survey, more than three out of ten households (34.4 percent) had an annual family income of less than 10,000 euros a year, against 28.1 percent in the previous year. The data found that this was more common in households of two to four members than others. An almost identical figure (34.3 percent
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Collapse in revenues brings 2014 primary surplus to 1.9 bln, 3 bln short of target
Economybetter than target and PIB balance was 216 million lower than expected. Although, revenue targets... more than tripled, while budget deficit fell by 33.1 percent to 3.64 billion from 5.44 billion in 2013... figure retreating by 5.4 percent to 41.83 billion, 584 million better than target. Interest payments
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Newsletter 11 - 16/01/2015
surplus is now seen at 1.5 percent of GDP, in line with the EAP target, yet slightly lower than... than its target and Public Investment Budget balance was 216 million lower than expected. At 1.93 billion euros, the 2014 primary surplus is some 3 billion less than expected. Deflation continues
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Greek primary surplus shrinks by 1.7 bln in Dec as revenues miss 2014 target by 3.1 bln
Economymillion lower than the preliminary figure published on January 14. As already evident in the preliminary... better than target and PIB balance was 206 million lower than expected. Note, though, that revenue... unpaid obligations created in December. Overall, unpaid taxes grew by more than 48 percent in 2014
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomyof Finance (MoF) on Friday. However, the end-year figure of 2.18 billion euros was 1.5 billion lower than... shrank by more than 3.5 billion euros year on year (YoY) to 3.44 billion in 2014 from 7 billion last... displayed the highest primary surplus at 2.42 billion euros in 2014, albeit lower than the 3 billion
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Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct
Economyto a revenue shortfall of 968 million, while expenditure was almost 100 million better than target... million lower than target. The revenue shortfall stems from the extension of the VAT payment until... by 4.9 percent in January to 3.1 billion, 53 million better than the target. In particular, salaries
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