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Greece deal hangs in balance as IMF sees major differences
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
PoliticsGreek Politics) agreed to the institutions' target of a 1 percent of GDP primary surplus for this year. Tsipras did..., according to the IMF spokesman. Lenders want Athens to cut spending on pensions by 1 percent of GDP... raising an extra 1.8 billion euros, or 1 percent of GDP. Rice also said that the IMF technical team
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Newsletter 30 - 12/06/2015
stemmed from time deposits, while sight and savings recorded outflows of 2.9 and 1 billion... on some issues, such as lower fiscal targets for the next few years (1 percent of GDP for 2015, 2... and 1.8 billion euros (1 percent of GDP) next year. We must be clear that this is a package
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How Greek banks were left on the brink
Agoraloss reserves - LLRs) against credit risk rose by more than 1 billion euros in the course of Q1...-for-sale portfolios. As a result, banks’ Basel III Common Equity Tier 1 (CET1) ratios, which ranged... at the end of last year. Following the 1 billion euros in additional provisions recorded in Q1, the CET1
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Newsletter 32 - 26/06/2015
revenues of 1 percent of GDP (1.8 billion euros) on an annual basis, while Greece sees them at 0.93... 1 July along with the other VAT The lenders’ proposals will burden Greek shipping and tourism... parties agree on permanent savings of 0.25–0.5 percent of GDP in 2015 and 1 percent on a full year basis
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomymonth by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according... in May. On corporate lending, there were two marked movements: 1) A drop by 30 bps in loans for amounts over 1 million to 4.68 percent, which is the lowest reading since October 2010. 2) A rise by 47 bps
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Greek banks in intensive care: What lies ahead?
Agorabank failure cannot be avoided. The resolution tools mainly consist of powers to: 1) Effect private... banks. At the end of Q1 2015, Greek banks’ Basel III Common Equity Tier 1 (CET1) ratio stood at 12.7... a key role in the future architecture of the domestic banking landscape including: 1) Market concerns
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EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economytargets. In specific, a primary deficit of zero to 1 percent is now projected for 2015, a primary balance of 1 to 0.5 percent in 2016 and a primary surplus of 2.25 to 2 percent in 2016. However... the next three years, the EC projects they would reach 81.7 billion and stem from: 1) Bank
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What this week's VAT changes mean for household budgets and public coffers
EconomyProgrammerates applied to islands starting from October 1 for islands with higher incomes, which are also the most popular destinations, to be extended to the other islands as of Jun 1, 2016. This would result... on hotels will also be effective as of October 1. However, since VAT rate on catering has been moved
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Newsletter 36 - 24/07/2015
that the recapitalisation of Greek banks will be concluded well ahead of 1 January 2016, when the bail-in tool... – either individually or in combination. These tools involve: 1) splitting bank operations that can... for an in-depth discussion on the following issues: 1) the impact on banks’ fundamentals from the imposition
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Drop in corporate loan rates led the average loan rate at a new historic low
EconomyMacroeconomyremains the highest in the eurozone and almost 1 percentage point (pp) above the euro area average... on new deposits eased by 1 basis point (bp) to 1.09, largely reflecting a 5 bps drop..., the decline was lower, by 23 bps to 4.94 percent for loans between 250,000 and 1 million and by 16
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