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What is the state of play with Greek banks?
Economy. Furthermore, a 6 percent cut in bank employee wages has already been in effect retroactively as of January 1... of) their business plans 2) the first exercise of warrants, particularly for Alpha, which
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Greek jobless rate eases for fourth straight month but still at 26.7 pct
Economy. After peaking at 7 percentage points in 2012, the gap dropped to the historic average of 6 pp in 2013... Greek unemployment easing by 1 percentage point this year to 26.3 percent and by 2 percentage
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Retail index fell by 2.2 pct in Feb but trend improving
EconomyMacroeconomydecrease of 1.8 percent in 2014 from 6 percent in 2013. A turnaround is expected to start in 2015 with a 1.6 percent rebound, with consumption growth seen close to 2 percent in the succeeding three years.
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Greek Parliament's budget office questions primary surplus sustainability
EconomyMacroeconomyinclude: 1) tourism, alternative sources of tourism, agricultural and fishing tourism, 2) education and human resources, 3) alternative energy sources, 4) hydrocarbons, 5) maritime, 6) organic crops
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Greece lays out plans for debt relief from eurozone
EconomyProgrammerepayments could improve Greece’s repayment profile by 6 billion euros annually over the next two... to approve the next tranche for Greece (the last disbursement of 1.71 billion was made on August 2, 2013
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OECD sees Greek recession continuing in 2014, slower recovery to follow
EconomyMacroeconomythat of the EC at 1.3 and 2 percentage points (pp) in 2014-15 respectively. The budget deficit... sees debt (as a percentage of GDP) at 177.7 in 2014 and at 177.2 in 2015, 3.5 and 6 pp respectively
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Jobless rate drops for fifth month to 26.5 pct in Feb but employed also falling
Economyto or above 6 percentage points. Youth unemployment remains at extremely high levels just shy of 57 percent... of the headline figure by at least 1 percentage point (pp) to 26 – 26.3 percent in 2014 and by further 2 pp
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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomyto 6 percent. The average euro-area rate on corporate loans over 1 million euros stands almost 4... average rates stands at around 2 percentage points for amounts up to 250,000 euros and at circa 3
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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyeuros (down by 19 bps to 6.49 percent). In addition, the consumer loan rate eased by 6 bps to 14.80... percentage points for loan amounts above 250,000 euros and by 2 percentage points for lower amounts
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Stress mounts ahead of ECB's tests on Greek banks
Economyat 20 billion euros. On March 6, the BoG unveiled Greek banks’ capital needs at 6.4 billion euro... and losses on the residential portfolios that could yield additional capital yields of 4 and 2 billion euros
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