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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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BoG shows lower deposit rates and a sharper drop in loan rates in June
EconomyMacroeconomyfor loan amounts below 250,000 euros now stands 2 percentage points above the eurozone average, while... on outstanding volumes posted a drop of 6 bps to 3.75 percent, after increasing in the preceding five
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Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
EconomyMacroeconomypercent growth in private consumption and a 2 percent decline in public consumption. Gross fixed... and services, which eased 4.2 and 6 percent respectively. It is also noteworthy that Q2 trade balance
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Greek time deposit rates fall further in August
EconomyMacroeconomy. Corporate loan rates in Greece stand almost 2 percentage points above the average rates... by 6 bps to 5.31 percent in September. The evolution throughout 2014 shows a high fluctuation
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A snapshot of Greek banks' ABS as ECB readies for next move
Economyon October 2, it appears that Greek banks will be excluded from the ECB’s largest quantitative easing... of close to 17 billion euros, with NBG at 7.2 billion, Piraeus at around 6 billion, Alpha at 3.8
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