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How Greek banks' capital needs could be reduced by 2.3 bln
Economyon the recognition of DTA in Common Equity Tier 1 (CET1), set at 20 percent of CET1. A later BoG decision (Executive... period starting from January 1, 2015. This rule will also be applied in the upcoming EU-wide stress
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ECB tests find negligible capital shortfalls at Greek banks
Economy. The first is an Asset Quality Review (AQR), with a capital benchmark of Common Equity Tier 1 (CET1) of 8...) and uses both a baseline and an adverse scenario. The capital benchmark was set at CET1 of 8 percent... the net capital issuance of 1 billion (capital increase of 1.75 billion minus repayment of state
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Is there (sustainable) growth in Greece?
Agora, and it is expected that in 2014 it will account for approximately five percent.[1] But this emerging... to B from B- with the outlook set at stable in recognition of the “substantial fiscal adjustment... Play. [1] This contribution is calculated as net receipts to Greece from sea transport. According
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Unpaid taxes up to 1.22 bln in October as total reaches 71.2 bln
EconomyMacroeconomya revenue gap of 1 billion in 2015. GSIS also provided the year to date evolution of efficiency...) at 1 billion in the first half of 2014 and 2 billion for the whole year. The first target was almost... below the annual targets. Note that targets were set as a percentage of collections over total taxes
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Our most popular stories in 2014
Agoramanner in which Greek governments have taken decisions to meet the various targets they were set.... It is estimated that 1 million houses in Greece were built after 2000 but only 10 percent is inhabited... percent in 2008-2012, apartments grew by 1 percent, while other type posted a double-digit annual growth
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Newsletter 11 - 16/01/2015
is not completed. These are: 1. Losing tranches amounting to 7.2 billion euros, half of which relate to two IMF... government and the troika, which expected it to reach between 0.8 and 1 percent. December’s deflation... in any follow-up programme that the Greek authorities are set to negotiate with their European
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Almost 50 pct rise for new unpaid taxes in 2014 as overall total rises to 73.8 bln
EconomyMacroeconomyand legacy debt amounted to 73.79 billion at the end of December, up by 1 billion month on month... to the legacy debt collections targeted by the Finance Ministry (MoF) at 1 billion in the first half... in the tax audits on the three specified categories, where targets were set as a percentage
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Newsletter 13 - 30/01/2015
surpluses of between 1 and 1.5 percent of GDP rather than the current target of 4.5 percent. What... figures showed sight and savings recorded inflows of 1 billion each. On the flipside, there were... trend. The government is set to announce its policy programme on February 7–9 during the vote
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Greece and lenders with conceptual, as well as practical, gaps to bridge
PoliticsGreek PoliticsMartin Schulz, Varoufakis set out the government’s ideas on how Athens envisages its relationship.... These are: 1) Negotiating directly with European institutions and the International Monetary Fund 2... the relaxation of fiscal targets (Varoufakis says he is aiming for a primary surplus of 1 to 1.5 percent
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The state of play with Greek banks' liquidity
Economyinflows of 1 billion each in December. Banking sources indicate that withdrawals accelerated... to the non-eligibility of a particular type of ECB funding collateral as of March 1. This stems... implies that an amount of 4.2 billion should be set aside for coverage of T-Bill rollover. On top
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