Search
-
Newsletter 78 - 17/06/2016
if the primary surplus target of 3.5 percent is reduced to 2 percent after 2018, Greece’s debt is BoG concludes that even if primary surplus target of 3.5 percent is reduced to 2 percent after 2018... target. 2 The chill of post-truth politics Crude Brexit debate is reminiscent of Grexit referendum
8% -
Newsletter 80 - 01/07/2016
. Meanwhile, credit contraction remains unabated, with the drop rate accelerating slightly to 2 percent... in April. Bank credit contracts Bank credit contracted by 2 percent in May, up from 1.9 percent a month... year. Contraction reflects negative flow of 275 million from the household lending sector. 2 Fool
8% -
Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomyin 2017 from 5.65 billion in 2016. On arrears, the draft budget notes that transfer of 2 billion euros... revenues. The most significant revenue interventions in 2017 involve: 1) Income tax reform (772 million) 2... for the protection of indebted households’ primary residence (100 million) 2) Savings from non-public sector
8% -
Newsletter 93 - 21/10/2016
coupled with a higher increase of 2 percent in mining and quarrying turnover. Despite the modest... percent, while mining and quarrying turnover expanded at a higher pace of 2 percent. However.... 2 Polycrisis at the heart of Europe The EU requires real leadership to overcome its current
8% -
Newsletter 97 - 25/11/2016
and 2018. In specific, the primary surplus is estimated to reach 1.09 percent of GDP this year and 2... this year and 2 percent next year. limited and will thus constrain credit expansion and banks’ revenue.... 2 A rude awakening Once ardent Europhiles, polls suggest Greeks have fallen out of love with the EU
8% -
NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingrespectively. Unlike NPEs, the domestic NPL formation increased to 188 million in Q3, from just 2 million in Q2... are estimated at around 2 billion each. Since NPEs have decreased by 1.9 billion year to date... million hit from lower interest rates on reserves. On the cost front, operating expenses declined by 2
8% -
Newsletter 100 - 16/12/2016
that it is not willing to countenance the idea of adopting further measures to close the 2 percentage point fiscal gap... in Berlin on Friday with the impression that the IMF’s demands for another 2 percentage point... conducive to a convergence between both sides. 2 Budget primary surplus surges Primary expenditure
8% -
Newsletter 103 - 20/01/2017
on TrainOSE’s debt to OSE, amounting to more than 700 million, is pending. 2 Budget primary surplus almost... in industry rebounded by 2 percent in November after an upward revised drop of 2.9 percent in October... recorded in consumer non-durables (+5.2 percent) and intermediate goods (+2 percent). On the flipside
8% -
Newsletter 107 - 17/02/2017
adopting in its winter forecasts the Greek outlook for a 2016 primary surplus of (at least) 2 percent... the Fund before these dates. The IMF believes that Greece has to adopt 2 percent of GDP (or 3.6 billion... in 2018”. 2 GDP slips in last quarter of 2016 Headline figure indicates the first negative reading since
8% -
Gains of 2.5 pct for stocks this week amid subdued trading volumes
EconomyTelecom – OTE (-2.3 percent) and Folli-Follie (-2 percent). The trading activity remained muted... profits to 343.3 million, while net sales fell by 2 percent to 6.21 billion. The Board of Directors proposes a dividend of 0.44 euros per share implying a dividend yield of 2 percent. Piraeus Port
8%