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BoG sees banks on right path, warns impact of pandemic not visible yet
EconomyBanking, BoG stresses that the full impact of the pandemic on banks’ portfolios is yet to manifest itself... and one that will assume an active role in maximising the benefits of the RRF. Also, risk-sharing
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Newsletter 71 - 22/04/2016
Primary surplus of 0.7% of GDP Negotiations have yet to bridge differences on tax-free threshold... yet to bridge differences on the tax-free threshold. The European Stability Mechanism (ESM) decision... the corresponding ECB funding with cash. This would also lead to a one-off trading gain of 500–600
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One night in Cannes
Agoraa productive one, although certainly risky. It is likely to have flushed out the snipers and those who... on the flight home arguing that the referendum should not happen. Yet, on October 31 Venizelos stood before..., one has to ask to what extent Samaras and Venizelos’s decisions were driven by a desire to save
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Budget primary surplus grows in April thanks to one-off revenues and restricted spending
EconomyMacroeconomy, whiich turned to an over-performance of 69 million by April, mostly reflecting a one-off item. b... include two items that were not incorporated in 2015 budget figures. The first involves one-off... consecutive month, yet the 3-month figure increased by 4.1 percent to 953 million, still remaining by around
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Greece holds back spending, rakes in one-off revenues for 2.1 bln primary surplus at end of April
Economymillion above target), mostly due to a one-off item, coupled with a continued primary expenditure... to two items that were not incorporated in the 2015 budget numbers. The first relates to one-off income... percent in April and marginally by 0.3 percent in the 4-month period to 7.35 billion, yet 259 million
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Greece's pursuit of normality has only one starting point
Agoradebt, nonperforming loans and the labour market. · Key fiscal-structural measures have yet... Parliamentary Committee in early April 2015. · The justice system is one of the least efficient in Europe... to is not Greece but Cyprus. Cyprus is one of the adjustment programme graduates and is often held up as a role
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Coalition returns to work with one eye on centre-left leadership contest
PoliticsGreek Politicsfrom TIF and the Macron visit, the coalition also has one eye on the developments at Greece’s centre-left parties, where the effort to create an alliance under one leader is expected to pick up... candidacies for the leadership contest, whose date has not been set yet, are also likely. Former PASOK
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DBRS ups Greece's rating one notch further into investment grade
EconomyOn Friday DBRS upped Greece's credit rating to ‘BBB’, one notch further into investment grade, while the outlook was lowered to stable from positive. After Scope Ratings in December, DBRS is the latest agency to take Greece further into investment grade, with Moody’s remaining the only one yet
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomyentities. Similar to January, the state budget recorded the highest surplus at 852 million, yet
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Foreclosure bill undergoing final adjustments to satisfy creditors
EconomyProgrammeof the initial proposal put forward by the government with regard to strategic defaulters was one... is below 250,000 euros and they fulfil certain wealth criteria. One of those conditions... by the borrower should be no more than double the threshold for the primary residence i.e. 500,000 euros
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