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What is the state of play with Greek banks?
Economyat the end of August. A further reduction of new production well below 3 percent and the consequent gradual repricing of the total book close to 3 percent are anticipated to fetch some 900 million euros... of) their business plans 2) the first exercise of warrants, particularly for Alpha, which
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeincluding: a) Market re-access. The first transaction involved a 5-year bond issuance of 3 billion... and 750 million respectively. c) Intra-governmental borrowing. Up to 3 billion of excess liquidity... is insufficient to deliver the targeted increase in the primary surplus (to 3 percent of GDP), while
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Greek loan rates remained well above euro area average in October
EconomyMacroeconomymonths. Over the same period, the yields of the competitive 3- and 6-month T-Bill issues recorded... easing by more than 3 percentage points. Despite the sharp drop, the Greek time deposit rate still... rates hiked 51 bps to 5.63 percent remaining more than 3 percentage points above the average euro
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The bad hand being dealt to Greece's next government
Agora. By the end of November, the current government had used up 7 billion euros in repos, leaving room for only 2 to 3 billion more, according to reports. Revenues sinking Meanwhile, tax revenues plummeted by 17.7.... This left Greece’s primary surplus for the year 3 billion euros short of the target, meaning the new
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Eurosystem funding for Greek banks shoots up by 11.2 bln in December
EconomyMacroeconomyin December reflects the combined effect of: 1) Deposit outflows of circa 3 billion in December, which... transfer abroad 2) T-Bill issues of 5.2 billion in December, of which 1.6 billion refers... issues stood at circa 60 percent 3) Gradual lack of renewal of interbank repos up to 9 billion 4
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What are Greek coalition's plans for privatisation programme?
Economy(small PPC). 2) The sale of a 66 percent share in the Independent Power Transmission Operator (IPTO... to be completed in 2015. 3) The sale of a 17 percent stake in PPC. The liberalisation of the energy... by the Technical Chamber of Greece, showing that its value was worth 3 billion euros, more than 3 times
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Greece's extension proposals to the Eurogroup and what they mean
PoliticsGreek Politicseconomic situation.” Greece does not clearly commit to the 3 percent primary surplus target for this year... impact of the crisis at a cost of 1.86 billion euros. But this is not explicitly stated 2.... In addition, the government agrees to ensuring that any new measures should be fiscally neutral. 3
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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammewith a net cost of 2 billion euros. As later clarified by senior SYRIZA officials, the net cost... amount. This means that settled arrears could reach around 3 billion, while the targeted revenues... December called for a primary surplus of 5.6 billion in 2015 corresponding to 3 percent of GDP
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomy) and more than 5 billion (3 percent of GDP). According to local media, the measures... to price increases across the board for most products and services in the affected islands. 2... brackets respectively. 3) Extraordinary levy on the 500 most affluent Greek citizens. 4) Increase
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Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
PoliticsGreek Politics. According to reports, this year’s target will be 1 percent of GDP rather than 3 percent, 2 percent in 2016 rather than 4.5 percent, 3 percent in 2017 and 3.5 percent from 2018 onwards. The impact of the two... that the government will have to adopt 3 billion euros worth of fiscal measures, against the 1 billion euros
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