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Eurosystem funding drops by 699.8 mln in September
EconomyMacroeconomyhad fallen below 2 billion euros. In March, it was also revealed that Greece’s four systemic banks... securities expiring as the country left its final bailout programme. ECB funding made up 100 percent
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New asylum law comes up against old failings
Agoramore than 2 billion euros in funding for this purpose since 2015, although most of this money has... housing some 100 asylum seekers, authorities are often absent or unwilling to engage with protesters
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Economic sentiment rises to 109.5 in Dec, hitting 12-year high
EconomyMacroeconomypoints, beating an EU average reading of 100 points. Consumer confidence rose by 0.6 points month... deteriorated. Industry confidence rose by 0.6 points month-on-month to stand at 2 points. Year-on-year
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Greek banks eye positive market appetite for bad loan sales
EconomyBankingof 2 billion euros. According to the bank, the securitisation is due to take place imminently with a goal for it to be concluded by July 2020. The bank will retain 100 percent of the senior notes and 5
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Overdue social security contributions edge down to 35.38 bln in Q4
EconomyMacroeconomy-on-quarter (QoQ) to stand at 2 million. However, as noted by KEAO, these largely represent debtors... settlements related to law 4321/2015 which allowed for repayments in 100 installments. Settlements have
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Govt ratchets up coronavirus measures, while planning further support for economy
PoliticsGreek Politicsto 200,000 employees could be impacted by the closures, and has set aside 100 million euros in benefits... of the coronavirus. Early government estimates put the total cost of the measures planned by Greece at 2 billion
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Newsletter 247 -10/04/2020
at Malakasa 100 staff and residents have been tested. The government unveiled a strategy – dubbed... to the platform that opened last week. 2 Unemployment at 16.4 pct in Jan Headline figure remains unchanged from
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Banks look for way forward as economic shutdown takes its toll
EconomyBankinginitiatives, including for banks to operate below the 100 percent limit of the liquidity coverage ratio... reported a cash buffer of 2 billion euros and Piraeus Bank reported a buffer of 2.3 billion euros. All
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Newsletter 248 -24/04/2020
to 64.3 percent. Greece also scored 68 out of 100 in the DESI index which measures the provision... to change in the months ahead. 2 Current account shows deficit of 1.14 bln Deficit in February has
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Opposition picks holes in latest measures to mitigate economic impact from pandemic
PoliticsGreek Politicscountries having higher replacement rates, even up to 100 pct. Centre-left Movement for Change... 3.2 bln euros are guarantees and suspension of payments, while 2 bln euros will come from
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