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How does ECB's decision on Greek banks' T-Bill exposure affect state liquidity?
Economy. The next T-Bill rollovers for April involve a total of 2.4 billion euros, of which 1.4 billion..., with their total holdings close to 9 billion, according to their disclosure in the conference calls of 2014... last week. We understand that a part of the total amount of 867 million received from the HFSF may
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Income inequality in Greece has grown during crisis, OECD report shows
Society, the bottom 40 percent owned only 3 percent of total household wealth in the 18 OECD countries with comparable data. By contrast, the top 10 percent controlled half of all total household wealth... for this is that non-standard work households on average pay more taxes or have less access to benefits
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More than a fifth of Greeks materially deprived, survey finds
Societyat least three of the following nine items: to pay their rent, mortgage or utility bills; to keep... in making ends meet with their total monthly income. Just over a quarter (27.4 percent) of the total... households. And, apart from home loans, just over half (51.8 percent) of the total households stated
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Marked improvement for budget execution in Oct, primary surplus outperformance extended
EconomyMacroeconomyis up by almost 1 billion euros, also including the quarterly VAT payment. Total ENFIA revenues... of taxpayers pay their respective tax via credit cards in 6-12 monthly installments. However, the state.... Overall, total expenditure declined by 4.8 percent in 10-month period to 37.73 billion, significantly
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Newsletter 52 - 20/11/2015
expectancy. Press reports indicate that this would result in a further cut for those pensioners whose total... SSCs, the committee proposed introducing an individual notional account, with pay-as-you-go... has dropped by 7.19 billion to 119.38 in total. At the same time, the ELA funding of Greek banks
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Where things stand on the Greek pension reform proposals
EconomyProgrammefor a 3-year period by a total of 1.5 percentage points (pp), 1 pp for employers and 0.5 pp for employees... earnings of each employee for the total number of working years after applying a progressive replacement... with a total social security and tax burden above 80 percent of their income. A committee with experts
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agoraimprove NII to a total (waiver and haircut) benefit of around 100 million euros per annum. Our analysis shows that under a best-case scenario, assuming that Greek banks participate at their total... in the course of Q1 to 10 billion, which also entails lower fee expense since banks pay a fee of 115 basis
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Bank of Greece sees potential for recovery, urges calm in negotiations
EconomyMacroeconomythat are “unlikely to pay” account for 27.5 percent of total, while denounced loans (legal process underway) make up... stabilized at 45.2 percent of total exposures at the end of September. As we noted, BoG published..., which currently make up 44 percent of total restructurings. BoG also said that the NPE coverage ratio
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Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankingFollowing the notable rise of 11.3 percent in the second half of 2015, the total number of payment... effectively, the BoG said. At the end of June 2016, debit cards made up 81 percent of total payment.... More importantly, the total value of card transactions fell by 6.7 percent to 26.21 billion
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Greek population among highest for poverty risk, Eurostat survey shows
Societyof the total population at risk of poverty or social exclusion in Greece stood at 35.6 percent... to afford to pay bills, adequately warm a home, or take a one week holiday away from home, doubled... of their total work potential during the past year, increased from 7.5 percent in 2008 to 17.2
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