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  1. General govt primary cash surplus at 1.44 bln in February, arrears up by 133 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    decline of 10 million euros to bring the total to 187 million euros. In the category of social... million), local governments (+10 million) SSFs (+3 million) and extrabudgetary funds (+3 million... million). Drops were seen in tax refunds (-35 million), SSFs (-9 million) and state budget (-5 million

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  2. Fitch keeps Greece at 'BB' but revises outlook to stable with eye on Covid-19 impact
    Photo by MacroPolis

    Economy

    tourism is 10 pct of Greek GDP. The budget is expected to take a serious hit this year, due to drops in revenues and higher supportive spending. So far, the Greek authorities have committed 5 billion.... This is on the assumption that the Finance Ministry will use about 10 billion of its cash buffer, 5.8 pct of GDP

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  3. Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
    Photo by MacroPolis

    Economy

    of the baseline scenario would have reached 10 pct, essentially the government cushioning half of the possible... following the closures. The overall support package is 10 pct of GDP, including the various state... was accordingly raised by 5 billion euros on April 2, following the Eurogorup decision to waive the fiscal

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  4. Covid-19 fears start to wane as concerns about economic impact grow
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    supporters and nine in 10 Movement for Change (KINAL) voters. SYRIZA’s performance garnered... businesses will survive another recession – a contraction the government expects to be close to 5 pct in its baseline scenario, although the European Commission expects it to be closer to 10 pct

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  5. Newsletter 256 -03/07/2020

    Newsletters

    in 2019. Until fairly recently, the purported target for this year was 10 billion euros in receipts from... closed. This translates into activity at roughly 10 percent of last year’s Greece has opened its... followed by SYRIZA with 24 percent, with KINAL a distant third with 5 percent. BoG highlights Covid-19

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  6. Concern over ICU capacity, support for business generate pressure for ND
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    reaching, if not exceeding, 10 pct. Greek banks are also revising their forecasts. National Bank... recovery to exceed 5 pct. The regions currently considered to be in the highest risk zones... (EBEA) eight in 10 report a drop in sales, while 65 pct find the support measures of the government

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  7. Bridge scheme activated as banks look to avoid second-wave NPL increase
    Photo by MacroPolis

    EconomyBanking

    to pay 10 percent of their regular payment with the programme’s duration set at nine months... loans would reach 5 billion euros. However, as the second, harsher wave grips the country, the concern is that bad loans could inflate to between 10 and 20 billion euros. The 20 billion euros

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  8. Updated IMF DSA sees Greek debt as sustainable in medium-term, risks over long-term
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    and privatisation proceeds are estimated at 2.7 billion euros over the next 10 years, both estimates broadly... 5 billion in 2020 and 12 billion over the 2022-25 period, which includes the 15.7 billion...) remain below 15 pct of GDP over the ten-year projection period, averaging 10 pct annually, higher than

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  9. Banks tout ambitious NPE plans to return to European mainstream
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyBanking

    sees its NPE ratio at 5 percent by the end of 2022, with NBG planning to reduce its ratio to 6... percent NPE ratio in the medium-term, while Alpha Bank will also be below 10 percent by the end... the pandemic. Stournaras on Wednesday estimated that new NPLs in 2021 will amount to 8 to 10 billion euros. Yet

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  10. General government debt rises to 205.6 pct of GDP in 2020
    Photo by MacroPolis

    EconomyMacroeconomy

    euros, an increase of 10 billion euros from the year before, according to the first notification..., a 10 million-euro increase from 2019. The primary deficit, which excludes interest payments, came...-programme monitoring. General government investment – or gross fixed capital formation – came to 5 billion

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