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Athens angling for tougher EU stance on Turkey ahead of summit
PoliticsForeign Policyshould begin immediately. This view was reiterated on December 1, when Foreign Ministry spokesman Hami... on December 1. Government sources say that the two men assessed the current situation. Paris has recently... ministers on December 1. He accused Ankara of stoking tensions with fellow allies in the Mediterranean
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Labour market developments in Greece during Covid-19
Agoraas possible. Let us look at unemployment in more detail. What do the numbers from ELSTAT tell us? Figure 1... the pandemic (e.g., SURE)[1] have sought to alleviate the impact on the labour market. Recommendation... Back to Debt Sustainability" published in 2020. Jens Bastian is senior policy advisor at ELIAMEP. [1
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Turkey: Multiple policy challenges from all directions
Agorarolling average of new cases is now over 53,000; it was around 9,300 on 1 March when the government... recorded in the country. The number of deaths has also risen sharply, by almost 50% since 1 April.... Earlier this week, Moscow decided to restrict flights to and from Turkey from 15 April to 1 June
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Common ground absent after latest round of Cyprus discussions
PoliticsForeign Policyof the island's 1960 independence, plus the UN. The new 5+1 meeting ended with no result and with the two... of the summer to hold another informal 5+1 meeting. Many already believe that a “make or break” conclusion..., and any solution should clarify issues related to autonomy in the decision-making process. The 5+1
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Eurobank posts Q1 net profit of 70 mln
EconomyBankingin interbank repos to 200 million. Deposits increased by a further 1 billion euros in Q1 to reach 48.3 billion euros. New loan disbursements exceeded 1 billion in Q1. Capital The Common Equity Tier 1 (CET1
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NBG increases profits in H1 as it progresses with NPE clean up
EconomyBankingin default and early default clients, more than 30 days past due, stand at just 1 pct. The bank intends... Net interest income (ΝΙΙ) rose 7 percent YoY to 591 million, also rising by 1 pct QoQ. Net fee... of the bank’s blended funding cost to nearly zero in H1 (1 bps), compared with 19 bps in the second quarter
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New cabinet meets with focus on fire fallout, policy roadmap
PoliticsGreek Politics. As of September 1, they have been suspended from work but the new minister said he is willing... 1. Plevris, who is already facing scepticism because of extreme views he has expressed on issues... for the supplementary pensions of new entrants into the jobs market from January 1. A new state body
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Piraeus records loss of 3.09 bln as aggressive NPE reduction carries impairments
EconomyBankingeuros securitisations of Phoenix and Vega in Q2 2021, 7 billion euros of Sunrise 1 in Q3 2021 and 3... Sunrise transformation plan, which is due to be concluded with 1 billion euros of Sunrise 3 in early... in Q2. Tier 1 ratio was 11.7 pct and 13.2 pct pro forma. The total capital ratio was at 14.4 percent
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomynot changed its inflation estimate for this year, which had a GDP deflator of 1 pct and a harmonized... to circa 1 pct of GDP, from roughly 7 pct last year. The latest package announced for energy subsidies..., at least into February. Since September, the authorities have committed more than 1 billion euros
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Newsletter 328 - 18/02/2022
Democracy leader also trailed a generous rise to the minimum wage from May 1, although he did not speculate... the 2 percent increase adopted on January 1. On the pandemic, the PM said he expects that the situation... inflation of less than 1 pct in the final budget submission. Real GDP will be lower as it will have
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