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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankingof total loans. In addition, 3.3 billion or half of restructured loans are included in the NPLs. Cost...) recognised in Eurobank’s financial statements amounts to 3.3 billion euros. Ahead of the upcoming EU... higher deposit NII on deposit spread improvement by 20 bps and lower funding cost. In contrast, loan
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Amidst Covid and inflation uncertainty, 2022 budget looks forward to solid growth
EconomyMacroeconomypct, led by private consumption up by 3.3 pct, government spending rising by 4.1 pct, investments up... impact of the initiatives against the pandemic at 3.3 billion in 2022, from 15.8 billion euros.... For next year, Greece’s main funding needs stem from 5.6 billion euros in T-Bills. They are seen dropping
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Newsletter 19 - 13/03/2015
expense for Greek banks on an annual basis. On top of that, Greek banks have to pay a fee of 1.4... on bonds it had issued between the wars to raise money to pay for the reparations agreed at Versailles... Greece regarding its obligation to pay back the money it has borrowed, it is difficult to ignore
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Newsletter 220 -20/09/2019
’ mission chiefs due in Athens on Monday Greece also submitted an official request this week to pre-pay... activity this week centred around plans to pre-pay almost 3 billion euros to the IMF ahead of schedule... repayment schedule, Greece is due to pay 2.1 billion euros per year up to 2021, dropping to 1.9
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Newsletter 18 - 06/03/2015
billion to the IMF in four tranches, on March 6, 13, 16 and 20. In addition Greece has to pay 1.08 billion... role across the board. Varoufakis also caused raised eyebrows when he said he was against the pay... and that he opposes the granting of pay rises at this stage. The difference of opinion over the PPC
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Newsletter 22 - 03/04/2015
a crucial week, during which it must raise a reported 750 million euros in a T-Bill issue and pay back... of the government are as confused as ever. At least two ministers have suggested that Greece might not pay the IMF... run out of money on April 9, when the IMF payment is due. If Greece does not pay the fund, managing
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Ahead of Eurogroup, Greece juggles funds to cover liquidity shortage
EconomyProgrammemillion euros. Athens has to pay an additional 1.23 billion euros in the next two weeks in three tranches... that the state will just pay wages and pensions. We understand that this would increase again arrears... obligations. According to the proposed law, those who will pay their full principal amount until
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Newsletter 31 - 19/06/2015
for ECB funding – while banks also pay a fee to the Greek state corresponding to 1.1 percent... billion euros it has to pay to the International Monetary Fund at the end of the month. Revenues... years. Before the crisis began, more than 70 percent of the defence budget was used to pay staff
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Warning signs for coalition after majority trimmed in multi-bill vote
PoliticsGreek Politicsthe SYRIZA and Independent Greeks (ANEL) parliamentary groups respectively. As we flagged earlier in the day, SYRIZA’s Stathis Panagoulis abstained from the vote and ANEL’s Nikos Nikolopoulos voted... that has been largely alien to him now; that of the enforcer. His coalition partner, ANEL leader Panos
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Coalition crisis on hold as Kammenos eases up
PoliticsGreek Politics. Defence Minister Panos Kammenos, who also leads the junior coalition partner Independent Greeks (ANEL... soften his stance when he denied that he had demanded that Tsipras should dismiss Mouzalas. The ANEL..., for Tsipras to take a decision. His demeanour after the meeting of ANEL's parliamentary group on Thursday
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