Search
-
Greece exceeds expectations with first return to bond markets after four years
Economyexpectations in early March for a coupon slightly below 6 percent and recent market rumours indicating a rate.... This meant there was a sharp yield decline of 1 percentage point in February and March, whereas the yield... to around 1 to 1.5 percent, which would translate into annual cost savings of around 200 million euros
18% -
Greek current account deficit rises to 709 mln in February
EconomyMacroeconomythe latter incorporates a rise in tourist arrivals by 10.2 percent, The year-to-date C/A deficit stood at 1 billion euros showing a marginal rise by 6 million compared to the corresponding period last year... forecasts for a C/A deficit of between 1 and 2 percent of GDP. The BoG's latest estimates point
18% -
Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomyreiterated it plans to issue 7- and 10-year bond as well as T-Bills with durations of more than 6... following a downward revised modest growth of 1 percent in 2014) and a higher growth in exports (+5.2... territory in 2014 at -1 percent (from -0.8 percent before), turning to a marginal inflation of 0.3
18% -
Our most popular stories in 2014
Agoraprice inflation by 6 ¼ percentage points between 2010 and 2012. If public service tariffs are also.... It is estimated that 1 million houses in Greece were built after 2000 but only 10 percent is inhabited... percent in 2008-2012, apartments grew by 1 percent, while other type posted a double-digit annual growth
18% -
Greek time deposit rate down to 1.88 pct in November, lowest since euro entry
EconomyMacroeconomyThe interest rate on households’ new time deposits dropped by another 6 basis points (bps) to 1.88... in the business loan rates was again evident in corporate loans with fixed maturity for amounts above 1 million...) or slightly eased (by 8 bps to 5.22 percent for amounts between 250,000 and 1 million euros
18% -
The government decisions that could shape the future of Greek banks
Economy. HFSF currently holds: 1) a minority stake in Eurobank (35.41 percent) and 2) a majority stake... place in Eurobank on February 1, when Nick Karamouzis was named new non-executive chairman... Anastasia Sakellariou on February 6. Discussions focused on the HFSF activities to date, its
18% -
Greece's extension proposals to the Eurogroup and what they mean
PoliticsGreek Politicsthere are seven reasons for the 6-month extension: 1) “To agree the mutually acceptable financial... billion of state-guaranteed collaterals would be, in any case, non-ECB eligible as of March 1... to the IMF to cover Greece’s repayment to the IMF. 6) “To agree on supervision under the EU and ECB
18% -
National Bank posts net loss of 1.1 bln in Q4
EconomyBankingand consumer remained almost stable. Coverage ratio rose by 6 pps QoQ to 60.4 percent, with Greek... ratio at 45 percent. Gross loans rose by almost 1 percent QoQ and 2.7 percent YoY to 72.1 billion... eligible collaterals in the form of pillar II bonds. The bank’s Basel III Common Equity Tier 1 (CET1
18% -
Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
Economy: 1) A break-down in negotiations between Greece and its creditors leading to alternative solutions... bonds probable. In contrast, the following developments could result in a rating upgrade: 1... review on Greece. On February 6 Moody’s placed Greece’s ‘Caa1’ government bond rating on review
18% -
A breakdown of the fiscal and structural reforms Greece hopes will unlock funding
EconomyProgrammefiscal impact of around 1 billion. Privatisations We believe the Finance Ministry has revised... to submit eight bills introducing structural reforms in the following areas: 1) Strengthening the autonomy... and vice versa. 5) Implementing an organic budget law that improves the management of public finances. 6
18%