Search
-
Newsletter 433 - 13/09/2024
of spending that would comply with an expenditure increase of around 3 pct. Athens’s position was helped... reports that for the rest of its term the government will have between 3 and 3.5 billion euros... months, reaching 3 pct in August. Aside from food inflation, which is persisting but moderating
11% -
Greece and the euro: The flight of Icarus
Agoraon imported goods. When Greece joined the euro, it was importing about 3 billion euros of good per... stagnant by comparison. When Greece entered the euro, it exported 1 euro for every 3 it imported. By 2009... deficit had reached 7.4 percent of GDP when the limit for the eurozone was 3 percent. Greece’s debt
10% -
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... is in the money with the first exercise date set on December 10 3) the announcement of the outcome
10% -
Shortcomings in healthcare seen at forefront of austerity impact in Greece
Societyin the past 3 years. Findings from population surveys suggest a 2.5 times increased prevalence of major depression, from 3•3 percent in 2008 to 8•2 percent in 2011, with economic hardship being a major
10% -
National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingby a modest 3 percent year on year (YoY). The latter mainly reflects a boost in trading income to 44... income (NII), the group figure fell 3 percent YoY and QoQ to 751 million, dragged by Finansbank’s weaker..., after a 3 bps hike in Q4. Gross loans slightly rose by 0.4 percent QoQ to 70.4 billion, while deposits
10% -
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
10% -
After landmark return in April, Greece prepares to tap bond markets again
Economya 3-year bond issue with the aim of raising 2.5 – 3 billion euros by July 10. The proceeds may... maturities. Bond issues with 3- to 7-year maturity would build up the yield curve. The first issue had... the past 3 months. Most importantly, all banks’ bond and equity transactions were oversubscribed
10% -
NPLs: The Achilles heel of the Greek banking system
Agoralending, at 60 percent in 2013, implying a 3 pp rise on 2012 number. That is almost double compared to the central bank for 2013, while the rate of increase (3 pp) is much lower than the respective BoG..., 3 pp lower than its respective loan market share. This is explained by the bank’s limited M&A
10% -
Tsipras starts to flesh out SYRIZA's economic policy but questions remain
PoliticsGreek Politicshis plan would bring 3 billion euros into public coffers in the first year. He also proposed a new...- and medium-sized enterprises. Tsipras said these lenders would be given a total starting capital of 3 billion... his party’s plans for identifying evaders would bring in at least 3 billion euros in the first year
10% -
Greek deposit and loan rates slide in September
EconomyMacroeconomya downward trend thereafter dropping by almost 3 percentage points. However, it still remains well above... 3 and 2 percentage points respectively above the average euro area rates. In the other key household... to that of new volumes, of 3 bps to 3.79 percent. The year to date spread evolution also indicates
10%