Search
-
Newsletter 48 - 23/10/2015
(CoCos) and shares. CoCos would bear an annual coupon of 7–9 percent, according to market sources... the bail-in is triggered. Thus, the market currently expects that 5–7 billion would have be raised...). Improvement mainly due to drop in goods and primary income deficits. 2 More old than new Tsipras fails to set
14% -
This is what the ECB’s comprehensive assessment tells us about Greek banks
Agoraadditional NPEs of 7 billion euros, mainly driven by the deteriorating macroeconomic conditions... and residential real estate that showed additional NPEs of 2 billion each. Following the AQR, the NPE... by almost 7 percent in the 2015-2017 period in the adverse scenario compared to a modest drop by 1 percent
14% -
The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
EconomyProgrammeon January 7. They deemed it the least painful to safeguard the viability of the pension system... in six large islands as of October. 2) Increase in the solidarity levy rates for annual income above... euros and to 35 percent (from 33 percent) for annual income above this threshold. 7) Tax rate of 30
14% -
Newsletter 69 - 08/04/2016
slashed to 15 billion. He added that a feasible privatization revenue target would hover around 6–7... in February following an increase in imports by 1.9 percent and a drop of 7 percent in exports, which have... by 15.9 percent in February.. 2 Shapeshifting Tsipras Prime minister’s aversion to the IMF is one of his
14% -
Crisis management policy: the sad lesson of the Greek case
Agorareview of the 2015 agreement, a structural general government surplus of 6–7 percent of GDP in 2016... thereof. However, there is no reason to believe that the 6–7 percent could be reduced to lower than 4... 2016 to 2018. Accordingly, there is an obvious risk that optimistic EU growth scenarios of 2–3
14% -
Q2 GDP rebounds 0.2 pct QoQ but shrinks 0.9 pct YoY amid consumption drop and investment rise
EconomyMacroeconomy, which grew by 1 percent QoQ and by 7 percent YoY. In contrast, private consumption fell by 0.2 percent..., after a drop of 6.6 percent in Q1, and climbing by 7 percent YoY in Q2 from a 2.5 percent decline posted in Q1. As a result, investment grew by 2 percent in H1. However, investment has tumbled
14% -
The story behind Attica Bank, the non-systemic lender thrust into the spotlight
EconomyBankingof 871 employees, which makes up 2 percent of the Greek banking personnel. In 2015, Attica posted... on July 26 that 7 of the 15 Board of Directors (BoD) members resigned. This included the CEO and six non... announced on September 7 that it completed the composition of its BoD with Gerasimos Sapountzoglou
14% -
IMF examines where programme went wrong, what lessons were learnt
EconomyProgrammetargeted a fiscal adjustment of 7 percent of GDP that would be mostly based on sustainable... percent of GDP) but fell short of the program objective (7 percent of GDP). Privatisation proceeds were... surplus of larger than 2 percent of GDP after such a period of negative growth. Lessons learnt
14% -
Institutions back in Athens to resume review, agree new measures
EconomyProgramme), energy (noon), overview (7 pm) and fiscal (8.30 pm), according to Finance Ministry sources. Following... targeted savings of 2 percent of GDP after 2018, which are almost equally split between a reduction... programme after that. Failing that, the gathering of eurozone finance ministers on April 7 is the next
14% -
Slow progress on fiscal, impasse on labour keep review deal on hold
PoliticsGreek Politicsagreement ahead of the April 7 Eurogroup rather than the one on March 20. Finance Ministry sources told... there is room to reduce the demand for 2 percent of GDP (3.6 billion euros) in new measures. Any... on April 7 and the uncertainty would be prolonged. The poor Q4 2016 GDP data, the recent deposit
14%