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US-China port spat gives Athens taste of diplomatic challenges ahead
PoliticsGreek Politicsthe country’s prospective role as the chief entry point for US LNG into Europe. The latest development... in delivery of US LNG. The issue was dismissed by Athens as a misunderstanding; however, it suggests
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Greek funding needs add to pressure in talks between Athens and lenders
EconomyProgrammefor Athens. Starting from this month, Greece has to pay a total of 1.6 billion euros, which comprises 0.7..., obligations rise to 2.5 billion, mainly due to another payment to the IMF of 1.42 billion. Overall, total... of that, funding needs for the last four months of the year total 4.8 billion euros. The cumulative
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The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammewith a potential IMF tranche of 3.5 billion, bringing the total amount that could be disbursed to Greece... and 5.5 billion to payments to the IMF. The total of 15.5 billion euros coupled with the primary surplus... tranche would amount to 4 billion euros (1.8 billion from the EFSF and 2.2 billion from ex-HFSF
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Newsletter 42 - 11/09/2015
injected into the systemic banks, the resolution cost of non-core banks reached a total of 15..., of the total financial envelope of 50 billion that was earmarked for Greek bank recapitalisation... proceeded with capital increases of 8.3 billion in total, with the cancellation of HFSF pre-emption
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Labour Ministry 2015 data shows increase in employment, marginal drop in average wage
Economyemploying a total number of 1.67 million employees in 2015. Three quarters of firms were employing up... of the total employees are concentrated. The breakdown by business activity showed 18 percent of firms were... in the retail trade, 10.4 in catering and food services and 10.1 percent in wholesale trade. The total number
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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammerates applied to the total income) will be replaced by a new progressive scale. Its rates will range from 2.2 percent for incomes between 12 – 20,000 euros up to 10 percent for incomes above 220,000..., and the contributory (variable) pension based on the contributions paid throughout the total number
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Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016
EconomyMacroeconomydecelerating from the upward revised 2.2 percent growth recorded in Q3, which also reflected a low base... public consumption fell by 1.2 percent leading total consumption up modestly by 0.5 percent. According... of the total GDP figure. Investments strongly rebounded by 6.1 percent in the 9-month period, accounting
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Newsletter 143
percent of the total debt. The stock of gg guarantees fell substantially to 36.16 billion, falling... and dropped by 2.2 percent YoY, taking final consumption expenditure down by 0.1 percent QoQ and 1... of 9,980 people employed was noted versus the previous month, with the total for those employed standing
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingthe sale of unsecured loans. This could be excelled to reach around 2 billion euros, leaving 2.2... the total book is priced at 86 bps, down by four basis points compared to the previous quarter. The total... enterprises, totalling roughly 1 billion euros, which are collateralised. This would bring the total sales
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Unemployment at 20.1 percent in March
EconomyMacroeconomy, the figure for those employed has risen by 74,890. Total employment remained above 3.7 million..., declining by 2.2 pps year-on-year. Broken down by age group, the largest year-on-year drop (-2.9 pps... in accommodation and catering. Full-time hirings increased to 55.6 percent of the total, representing
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