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Banks focus on reducing NPLs linked to property
EconomyMacroeconomyin particular has emerged as a key sector, supported by recent changes in the legislative framework... for this year, the bank notes that it has a total of 3.9 billion euros-worth of transactions lined up... plans and real estate valuations performed for the majority of debtors and has the potential to increase
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Athens warned about missing fiscal targets rather than changing them unilaterally
EconomyProgramme. “Greece has overachieved on fiscal targets so far,” he said. “We expect the commitment with the Eurogroup... and spending policies,” he added. “That said, under the enhanced surveillance procedure Greece has... to be seen.” Stournaras In the meantime, Bank of Greece governor Yannis Stournaras has continued his
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Newsletter 207 -24/05/2019
to tempt voters Although its lead in the opinion polls has been contracting, New Democracy goes... pledge made by SYRIZA in this campaign, where it has made a particular effort to target pensioners... parliament elections, SYRIZA has pulled out the stops with a host of last-minute fiscal promises
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingin corporate loans. Eurobank noted that it currently has around 4,800 properties under its repossessed real.... This multi-asset securitisation has a gross book value of around 7.5 billion euros, and will be executed... QoQ to 1.3 billion in March 2019. Emergency Liquidity Assistance (ELA) funding has been fully
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Strong showing in local elections for ND as it targets majority in national vote
PoliticsGreek Politicsa sidekick to SYRIZA. Several officials loyal to Venizelos, who has been an MP since 1989, also announced.... Gennimata has been accused by some critics of adopting “equal distances” between the two main parties... Samaras between 2012 and 2015. There has been speculation that the split between KINAL and Venizelos
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Lenders set to highlight reform delays, leaving fiscal gap concerns until after elections
EconomyProgrammeAthens has not been keeping up with the desired pace of reforms or even breaching commitments made... notes that the government has breached its commitments regarding hirings in the public sector as far as temporary placements are concerned. According to a leaked extract of the report, Greece has kept
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Tsipras vows to cancel reduction of tax-free threshold as SYRIZA seeks way back
PoliticsGreek Politicsthe government, nor the opposition, has indicated how they will compensate for the non-adoption of this fiscal... of opponents. He dismissed rumours that he has been rethinking the idea of calling off the snap elections... criticism, which has also focussed on the decision to table in Parliament this week the new criminal
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Institutions warn of fiscal target being missed, reforms slowing
EconomyProgrammeof the tax system. The surveillance report noted that in mid-May after the Stability Programme has been... that the ENFIA property tax valuation framework has moved forward, including considerable IT and legal... quarter of 2019. “Tax collection has been weaker than targeted, while key performance indicators
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Tsipras tries to use Brussels warning to his political advantage
PoliticsGreek Politicsof contract workers in the public sector. “The result of the European elections has opened... managed to secure a 1:1 ratio,” he said. Tsipras concluded with a warning that Greece has... the campaign for the EU vote and which it has retained since the crushing defeat it suffered on May 26
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Newsletter 209 -07/06/2019
. Neither the government, nor the opposition, has indicated how they will compensate for the non...). A post-election alliance between the two parties, however, has been made more difficult.... The surveillance report noted that in mid-May after the Stability Programme has been submitted, Greece
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