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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingaverage. The central bank also notes that Covid-19 is expected to further complicate matters and put... assets. The central bank argues that its proposal has several merits, as it leverages the existing... be an opportunity to change the country’s economic model and transform the business model of credit
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Newsletter 297 - 21/05/2021
and transformation of the country’s economic model. It also acknowledges the need for a radical overhaul of the country’s productive model. However, the emphasis, as presented by Tsipras, is on more.... Central government debt rises to 380.8 bln in Q1 Increase of 6.79 bln driven by new bond issues
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Newsletter 393 - 15/09/2023
because of the flooding in central Greece, but whose significance has grown because of the growing... of the centralisation of power in the “executive state” model of governance favoured by the Mitsotakis administration, while the model of direct awarding of contracts has been criticised in the case
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Great Expectations: Is Greece 2.0 hitting the target?
EconomyFeaturesFunding from the EU’s Recovery and Resilience Facility has been central to shaping expectations... to transform the country's economic model. On the face of it, Greece is one of the RRF’s success stories... concentrated in the hands of the central government and large corporations, reinforcing the weaknesses
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Newsletter 211 -21/06/2019
plans to appoint a chief of staff as part of his effort to re-model the prime minister’s office... the Greek lenders’ commitment to tackle problematic assets on their books, the central bank expressed.... Greece’s central bank argues that unless bank executives are relieved of the burden of managing bad
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Central gov't cash surplus rises to €3 bln in October despite drop in revenues
EconomyMacroeconomyGreece’s central government primary cash balance posted a surplus of 3 billion euros... in the 10-month central government net balance is more pronounced, with the cash deficit shrinking by 75.2... that the central government figures reported by the BoG are purely on a cash basis, while the respective
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Central gov't cash surplus reaches 1.42 bln in 2014 after 1.19 bln deficit in Dec
EconomyMacroeconomyGreece’s central government primary cash balance posted a surplus of 1.42 billion in 2014 from... and is mainly attributed to Public Investment Budget deficit of 857 million euros. The central government... billion euros from 12.79 billion in 2013. The central government figures reported by BoG are purely
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Drop in revenues drives Jan central government primary cash deficit to 149 mln
EconomyMacroeconomyGreece’s central government primary cash balance recorded a deficit of 149 million euros in January 2015 from surplus of 812 million last year, according to the Bank of Greece (BoG). The central... 2014. The central government figures published by BoG are purely on a cash basis, while the respective
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Greek central gov’t cash surplus shrinks 70 pct to 503 mln by February
EconomyMacroeconomyGreece’s central government primary cash balance showed a surplus of 503 million in the first two... of Greece (BoG). The central government net balance posted a deficit of 684 million in the 2-month period from surplus of 139 million last year. BoG reports central government figures purely on a cash basis
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Central gov't cash surplus reaches 1.19 bln in Q1, up 54.3 pct YoY
EconomyMacroeconomyGreece’s central government primary cash surplus widened by 54.3 percent yer on year (YoY) to 1.19... last year. Similarly, the central government net balance showed the deficit narrowed by 19.5 percent... billion last year. Bear in mind that BoG reports central government figures purely on a cash basis, while
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