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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgramme. Including non-specified measures worth 1.5 billion in 2020 and another 2 billion in 2021, the total tax... to reach 211.21 billion, around 2 billion above the 2005 level of 199.24 billion. The increase in employment by 1–1.8 percent each year in 2017-2021 will drive the unemployment rate lower from 23.5
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingthat is expected to increase the bank’s capital value by 1 billion euros. The deal will take the form... percent of Eurobank. The merger will create the best capitalised bank in Greece, with total capital ratio... of the 7 billion transferred to the SPV and 2 billion from the securitisation of 2 billion euros-worth
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Newsletter 192 -01/02/2019
into force on Friday, February 1. The increase was more than had been expected and above the level... that the total bids reached as high as 10 billion euros. Finance Minister Euclid Tsakalotos also claimed... time in a decade to 650 euros per month, from 586 euros currently, effective from February 1
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Newsletter 19 - 13/03/2015
of the total Eurosystem funding passed the 100-billion-euro mark to reach 104.25 billion in February... 63 percent of the total, compared to just 6 percent in January and zero in May 2014. The absolute.... On the current level of ELA funding of 65.6 billion, this translates to almost 1 billion higher interest
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A breakdown of the funding needs involved in Greece's third bailout
EconomyProgrammeof this amount includes: 1. Amortisation of SMP and ANFA bonds held by the Eurosystem (12.7 billion) 2... government, raising total the debt amortisation figure to 35.9 billion. Another debt-related element... financing since August 2014, state deposits fell below the 1 billion mark by the end of May
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General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
EconomyMacroeconomyindicated it would repay a portion of arrears with part of the last two sub-tranches of 2 and 1 billion... than half of total arrears. Arrears to hospitals increased by 324 million euros to 931 million in 2015 making up 17.3 percent of total. State budget arrears recorded the first largest increase by 294
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Newsletter 269 -16/10/2020
1 pct. Unemployment is seen rising just short of 20 pct, from 17.3 pct in 2019, and partially..., towards a more stable path in the 2022 to 2025 with a deficit of 1 to 15 pct of GDP. The primary... by October (40.6 percent) and November to December (4 percent). 2 Employment balance positive
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Greece digests EU-US trade deal amid mixed reaction
Economyand that needed to be addressed. At the same time, analysts noted that with the August 1 deadline... tariffs that averaged 2 pct to be imported in the US. The 15 pct is certainly seen to have... estimated for the EU for this year and next, in the region of 1 pct, the new trade deal could trim up
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A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
Economycost of 13.5 billion with its key pillars addressing the humanitarian crisis (2 billion), restoring... is estimated at 2 billion euros. SYRIZA leader stressed that the implementation of those measures... is projected at 2 billion. Ηe also declared that the objective property prices will be (downward
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Newsletter 50 - 06/11/2015
) for the remaining 75 percent. CoCos, which qualify as Common Equity Tier 1 (CET1) capital pari passu... cases are have already begun, by Alpha (for a total of 1.09 billion outstanding bonds), Eurobank (877... from equity investors to fully cover the total amount of capital needs, thus eliminating the need
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