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General government primary cash surplus widens notably to 5.14 bln at end of Nov
EconomyMacroeconomythe second highest contributor to the overall gg balance. Social security funds’ primary surplus... for the second time this year. The year to date result for the social security funds stems from a drop...) decreased for the second successive month at an accelerating pace of 2.9 percent to 5.73 billion
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Deadline for liberalisation of household and SME NPLs looms closer
Economywith two children. The second tier aims to protect up to 35 percent of indebted households with different... for single up to 260,000 and 35,087 euros respectively for a family with two children. For the second... and the second around 140,000. Even under a best-case scenario, a large number of households, including
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorarise in ELA funding, from zero in the second half of 2014 to a peak of 86.8 billion in June 2015... The deteriorating environment in the second half of 2015 coupled with the ECB’s Asset Quality Review (AQR... activity in the second half of the year, all banks guide for a positive bottom line result in 2016
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Credit contraction accelerates to 2.3 pct in Feb, loan deductions of almost 400 mln
EconomyMacroeconomyGreek bank credit contraction accelerated for the second successive month in February to 2.3... remained negative for the second straight month, with net deductions easing to 399 million... million remaining above the 200-million-euro mark for the second straight month. Consumer credit balances
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Economic sentiment edges up to to 90.3 in April, consumer confidence falls for fourth month
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose for the second straight month in April, albeit by just 0.2... figure is the second successive and the third overall reading since July 2015 that is above 90-point... levels since December 2014. The services confidence indicator headed north for the second straight month
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EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
Economymoderate adverse trends in the second half of 2015. In specific, domestic demand is seen remaining... relaxation of capital controls and support investment leading to positive GDP growth in the second half... revenue collection evident in the second half of 2015. On the flipside, downside risks relate
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Budget primary surplus of 2.38 bln by April, continues to beat target due to restricted spending
EconomyMacroeconomy). On a monthly basis, the budget execution showed a primary deficit for the second successive month of 296...) dropped for the second successive month at a faster pace by 12.8 percent in Apr from 7.5 percent... revenues remained at extremely low levels for the second consecutive month at 13 million euros in April
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Newsletter 74 - 20/05/2016
that the deputies do not have any second thoughts and that their focus is on keeping the government... Democracy, on the other hand, does appear to have had second thoughts. Conservative leader Kyriakos.... The second objective of Atlante is no less critical: expanding a secondary market for NPLs by serving
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammebefore the disbursement of 7.5 billion euros of the second tranche under the European Stability... that it could be concluded in less than one month. NPLs The second key issue relates to the non-performing... for arrears’ clearance, while an additional 1.7 billion of the second sub-tranche of 2.8 billion due
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Newsletter 77 - 10/06/2016
index in accommodation and food services decreased for the second successive quarter by 11.7 percent... for the review to begin and the second, formed after intervening national elections, to approve the final.... The second concern about the idea of a referendum came mainly from the opposition parties, who fear
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