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Social support in Greece not adequate enough to deal with crisis, says OECD
Societythe attention of Greece and its lenders: 1) The major decline in household income Total household income... has nearly doubled since 2012 as many as 1 in 5 Greek working-age adults now live in a household
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Greece exceeds expectations with first return to bond markets after four years
Economy. This meant there was a sharp yield decline of 1 percentage point in February and March, whereas the yield... to around 1 to 1.5 percent, which would translate into annual cost savings of around 200 million euros
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National Bank follows other Greek lenders' by opting for capital increase
EconomyBankingbillion granted to the Greek state in 2009. These shares are eligible as Core Tier 1 (CT1) capital under.... Nevertheless, the respective pro-forma Basel III fully loaded Common Equity Tier 1 ratio would land
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Greek current account deficit rises to 709 mln in February
EconomyMacroeconomythe latter incorporates a rise in tourist arrivals by 10.2 percent, The year-to-date C/A deficit stood at 1... forecasts for a C/A deficit of between 1 and 2 percent of GDP. The BoG's latest estimates point
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Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
EconomyMacroeconomythe target. For 2016, the fiscal gap amounts to 1.93 billion (1 percent of GDP), with the primary... remaining broadly flat in 2015, social security contributions are anticipated to surge by 1 billion
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CPI down 1.3 pct in April as Greece remains in deflation for 14th month
EconomyMacroeconomyof the respective VAT rate by 10 percentage points as of August 1. In contrast, health coupled with alcoholic... of 0.3 percent in 2015. On the flipside, OECD latest forecasts point to a stable deflation close to 1
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Jobs, hundreds of thousands of jobs
Agorathe troika’s cosh for exactly four years. The most devastating cost has been the loss of 1 million jobs... years will be reduced by over 1 pp for every pp of growth. The problem here though
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Bookies see clear win for SYRIZA in EU elections but not in local vote
PoliticsGreek Politicswith the former’s odds having a 1 pp handicap at 1.36 and the latter’s at 2.80. Sportingbet offers for the first... to 4.30 for the SYRIZA candidate Gavriil Sakelaridis. In the first round, their difference stood at just 1
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Piraeus Bank reports loss of 247 mln for Q1
EconomyBankingpoints QoQ to 109 percent. Eurosystem funding narrowed by 8 billion within Q1 and by a further 1 billion... Core Tier 1 (CET1) stood at 14.4 percent. Taking into account the negative impact from
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Budget execution shows primary surplus of 711 mln, 503 mln ahead of target
EconomyMacroeconomyrevision mainly reflects higher forecasts for revenues (by 1 billion), more than offsetting higher... period. This implies an average figure exceeding 1 billion per month. Although the April figure of 763
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