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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomy: 1) GDP growth in line with the adjustment programme until 2022 and 1.5 percent thereafter 2) Inflation close to 2 percent until 2019 3) EFSF and ESM loan rates of 2.6 percent in 2020 and 3.5 percent from 2027 onwards 4) Greek Loan Facility (GLF) rates of 1.4 percent in 2020 and 3 percent as of 2027
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Newsletter 81 - 08/07/2016
for the winning party but retaining the 3 percent threshold for entering Parliament – would apply... of removing the bonus but also wants to scrap the 3 percent threshold. As a result, the government separated... euros and slipped by 6 bps to 5.17 percent for amounts between 250,000 and 1 million euros
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Newsletter 84 - 29/07/2016
system. The government estimates that around 3–4 billion euros may be returned to Greek banks... that beat the target by more than 1 billion. It is worth noting that tax revenues surged 38.8 percent... issues during the summer is part of a conscious government strategy to prevent resentment over the 3
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Bank of Greece sees potential for recovery, urges calm in negotiations
EconomyMacroeconomyfor a strong economic recovery of 2.5 and 3 percent respectively, while also foresees GDP to grow by 3 percent also in 2019. For 2017, BoG estimates private consumption to increase by 1.3 percent... Equity Tier 1 ratio at 17.8 percent in June up from the 16.3 percent recorded in December 2015
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An unfounded argument leaves Greece in limbo
Agoragovernment legislated almost 3 percent of GDP in tax hikes and pension savings to meet the 2018... is seen with a primary surplus that exceeds 3 percent of GDP, Cyprus is expected to maintain... to be the most critical of Greece are not expected to run primary surpluses of more than 1 percent
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Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
EconomyBanking. Eurosystem funding fell by around 3 billion QoQ to 13.9 billion at the end of Q4, but increased... billion in Q4 from 3 billion in the previous quarter. Gross loans edged up by 54 million QoQ to 50.7...) figures published earlier this week. The phased-in Common Equity Tier 1 (CET1) ratio rose by 20 basis
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The SEKAP case and extrajudicial debt restructuring
LegalThe law (N. 4469/2017) recently adopted by Greek Parliament, which was published on May 3... state aid rules (Art. 107 par. 1 of Treaty for the Functioning of the European Union) on an ad hoc... remembering that according to article 108 par. 3 of the Treaty for the Functioning of the European
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingin revenues by 3 percent. Asset quality Non-performing exposure (NPE) formation turned positive...) contracted by 3 percent QoQ to 440 million, as the positive impact from lower funding cost... to 41 billion and management said that deposit flow stabilised in Q2. The Common Equity Tier 1 (Tier1
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Greece announces return to markets with 5-year bond, mostly targeting swap
Economyconditions, while the settlement is estimated to take place on August 1. “The switch and tender offer... as the total offers reached 3 billion, while the coupon stood at the high end of initial estimates. It is worth noting that the April 2014 issue of 3 billion later increased to 4.03 billion due to bond
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Greece drops six places in global ease of doing business report
EconomyFeaturesheld by New Zealand (1), Singapore (2) and Denmark (3). Ten indicators were tested as part... scored 3 on a scale of 0-12. In terms of resolving insolvency, Greece trailed behind other countries
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