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If you think it's bleak for Greece now, wait until tomorrow
Agoraworse than the rest of the euro area. The combined effect of all this is that labour will contribute... flows seen when Greece adopted the euro no longer exist but also because the effect will be compounded... exceeding the eurozone historical average and just reaching 1 percent. The combined effect
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Newsletter 96 - 18/11/2016
since Q1 2008 as well as reflecting a low base effect. ELSTAT figures also showed nominal GDP rose.... The notable rebound in the last two months mostly reflects a low base effect, since last year’s... Q1 2008, also reflecting a low base effect. Flash estimates reveal that GDP rebounded by 1.5 percent
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Russia sanctions, regional diplomacy dominate Tsipras visit to Ukraine
PoliticsForeign Policyof the Ukrainian crisis has halted a number of energy projects that have an effect on Greece’s interests... effect in the heart of Europe. He also noted that “this vicious cycle must come to an end... effect on the Greek economy, we will not fragment European unity,” he said. In the new era following
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingand 5.9 percent under the “adverse” scenario, at year-end 2020. The adverse scenario effect of -8.9 percent demonstrated that the bank can withstand a higher adverse effect when compared to the 2015 adverse effect, which was -7.8 percent, the bank said. The three-year cumulative baseline PPI was assumed
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingEmergency Liquidity Assistance (ELA) reliance and the calendar effect. Funding costs were down by 25 million euros QoQ, out of which 16.7 million represents a one-off effect of the retrospective application..., the waiver effect had an impact of 1.2 billion on the bank's ECB collateral pool. Capital The Common
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Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
EconomyBankingand the calendar effect. The bank noted that loans had a negative contribution of 22.7 million to NII... and increased credit card usage for retail transactions in Q4 2018, which created a base effect. Recurring... QoQ. The decline stemmed from the negative effect of IFRS 9 and Basel III amortisation (-41 bps
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Newsletter 214 -12/07/2019
and opening the discussion about the fiscal side of things next year. In effect, this would mean trying... into immediate effect. The government’s tax bill, which is set to phase in 6 billion euros worth... who prove to be prompt payers. Another measure that will have immediate effect is the tweaking
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Study proposes higher public spending to counter expected rise in NPLs
EconomyFeaturespercent. KEPE found that this indicator did not appear to have a notable effect on housing loans... small effect of public debt on the increase in NPLs is an encouraging message to the government... beneficial effect on reducing or stabilising NPLs. “Therefore, the main lever of support for the economy
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesthe trend. The Covid-19 pandemic has had a chilling effect on the sector, as it has on most areas of economic activity. The effect, however, is all the more concerning because the nascent recovery hinged... of 2019. This suggests that any effect was probably highly localised, though not negligible
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Govt on defensive over property tax tweaks and labour bill
PoliticsGreek Politicsassessed values that will come into effect from January 1. In roughly 7,000 of the existing 10,000 zones... unchanged. The new ENFIA will come into effect in January next year and can be paid in 10... that are also connected to the value of homes. Concerns about the knock-on effect of the increase
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