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  1. For better or worse: Greece's bailout exit deja vu
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    to the eurozone and the International Monetary Fund disbursing almost 10 billion euros in total. The European... and estimates, Greece was expected to save an additional 1.7 to 2 billion euros annually over the period... on current policies Greece would need 2 percent of GDP in measures to sustain the 3.5 percent primary

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  2. NBG remains profitable in Q2 with net results of 21 mln
    Photo by MacroPolis

    EconomyBanking

    of 2.1 billion euros and write offs of 3.4 billion euros, of which 2 billion went on to be sold... peers. Management noted the disposal of 2 billion euros in unsecured retail NPLs at a consideration... of small enterprises, totalling roughly 1 billion euros, which are collateralised. P&L Net interest income

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  3. New pension system, lower primary surpluses among govt targets for 2020
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    elections), which will be the equivalent of 0.5 pct of GDP, or 1 billion euros, and the new... to be published within the first half of the year. Estimates of the total cost of the claims range from 4.2... creditors to reduce the fiscal target from 3.5 pct of GDP to between 2 and 2.5 pct. The government

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  4. GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY

    EconomyMacroeconomy

    2015, when there was a drop of 2 percent. Compared to Q1 in 2019, GDP shrank by 0.9 percent compared to YoY growth of 1 percent in Q4 2019. This marks the first YoY contraction recorded since Q2 2016... QoQ and by 2 percent YoY. As mentioned, these movements led final consumption expenditure to fall

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  5. Newsletter 40 - 28/08/2015

    Newsletters

    -in is effective as of 1 January 2016. Since the Greek bank recapitalisation process should... for the stress tests (under the baseline scenario) while the final templates are due by 2 September... in capital, accounting for around 45 percent of their Common Equity Tier 1 (CET1) capital. This means

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  6. Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln

    EconomyMacroeconomy

    income tax fell by 1 percent to 922 million. Total ENFIA revenues are targeted at 2.65 billion euros... that remain proportionally well below targets. These mainly involve: 1) Grants to Manpower Employment Agency (at 42.7 percent of the FY target of 750 million) 2) Other SSFs expenditure (at zero versus

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  7. Can Greece learn to love renewable energy?

    EconomyFeatures

    /uploads/2016/06/GSR_2016_KeyFindings1.pdf [2] https://www.dei.gr/en/i-dei/i-etairia/tomeis-drastiriotitas... to an estimated 8.1 million jobs (direct and indirect).[1] Driving past the wind turbines in the Greek... and sixth in the world, and it is estimated that their supply will last for around 45 years.[2] Around half

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  8. Budget primary surplus reaches 3.6 bln in 7-month, monthly revenues miss target in July

    EconomyMacroeconomy

    billion mainly reflecting strong underspend as primary expenditure came in 2 billion lower than target... period, slightly down by 1 percent from last year, yet beating target by 2.65 billion. Revenues Revenues... with total targeted revenues of 3.74 billion, according to the figure provided by the General

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  9. Newsletter 127 - 14/07/2017

    Newsletters

    to reports, the coalition favours a five-year bond between 2 and 4 billion euros and will target a yield... of NPE performance. The former is defined as the flow of NPEs turning into performing over total NPEs and the latter as the flow of performing turning into NPEs over total performing exposures. The cure

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  10. Newsletter 153 -2/03/2018

    Newsletters

    of the fiscal measures that were agreed as part of the second review: 1 percent of GDP in pension cuts in 2019 and 1 percent of GDP to be raised from reducing the tax-free threshold for incomes in 2020..., this difference stood at 16.3 points. 2 Economic sentiment at 104.3 pts in Feb Headline figure reaches

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