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A breakdown of the fiscal and structural reforms Greece hopes will unlock funding
EconomyProgrammethe European Central Bank lift the 15-billion-euro limit on T-Bill issues, allowing the government to avoid... with a net fiscal impact of 3.7 billion euros, including proceeds from privatisations. Those... million). The net fiscal impact of 3.7 billion euros also assumes that the government will postpone
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammeinto the Treasury. Overall, the IMF estimates Greece’s net financing needs at 29.3 billion in the next 12... by the Eurosystem (14.3 billion), other medium- and long-term debt (5.5 billion) and net redemption of T-Bills (2.3 billion). Since Greece cannot tap markets at favorable rates, the IMF highlights
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Newsletter 41 - 04/09/2015
30,000 euros. The increased amount (in the form of withholding tax) would accordingly decrease the net amount of salaries and pensions. In addition, since August pensioners have seen their net pension slip... September ballot is that we really can’t be sure of much. The first wave of opinion polls published over
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingPiraeus became on Wednesday the third Greek bank to report a net loss in Q4 of 2015 after declaring.... Net interest income (NII) remained stable QoQ at 463 million, while fell by 4 percent to 1.88... to pillar II bonds and 0.8 billion to Greek government bonds and T-Bills. The bank also said
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agoracore banks posted net loss at the bottom line largely due to one-offs, higher provisions and seasonally increased operating expenses. Starting from the top line, net interest income (NII) rebounded 0.9..., with pillar II bonds next at 15.4 billion, while Greek government bonds and T-Bills as well
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Newsletter 76 - 03/06/2016
. At the same time, net deduction slipped to 117 million in April, reflecting net additions of 118 million from... as a whole? How can someone in power lump people together in such generalised categories? Isn’t he the one
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Newsletter 79 - 24/06/2016
to swap Greek government bonds (GGBs) and T-Bills currently used as collateral for Emergency Liquidity... euros for Greek banks, with an estimated positive impact of 75–90 million on their net interest... billion. The latter mostly reflects lower net transport receipts, while travel figures also did
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General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln
EconomyMacroeconomyand 1.7 billion in October 26 exclusively for net arrears clearance. Bank of Greece figures published... into consideration that net arrears fell by a lower amount of 727 million, we conclude that arrears of 411 million... euros, making up 70.1 percent of debt. Moreover, bonds stood at 56.72 billion (17.5 percent of total), T
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Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
EconomyMacroeconomyimproved by 290 million. Total net revenues are expected to reach 53.3 billion euros vs a target of 52.86 billion in the MTFS that was submitted early in the summer. Net revenues also reflect..., followed by bonds of 44.65 billion euros, 14 billion euros in T-bills and 23 billion euros in repos
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Newsletter 240 -21/02/2020
this week. In the same period last year, the primary surplus came to 729 million euros. Net revenues were..., net revenues came to 4.11 billion euros. According to the MoF, the current month’s... government debt rises in Q4 Figure increases by 2.16 bln to 356.01 bln in final quarter T-bills made up
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