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Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
Economy: 1) A break-down in negotiations between Greece and its creditors leading to alternative solutions... bonds probable. In contrast, the following developments could result in a rating upgrade: 1
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A breakdown of the fiscal and structural reforms Greece hopes will unlock funding
EconomyProgrammefiscal impact of around 1 billion. Privatisations We believe the Finance Ministry has revised... to submit eight bills introducing structural reforms in the following areas: 1) Strengthening the autonomy
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Deposit rates stable, avg loan rate below 5 pct for first time since 2002
EconomyMacroeconomyThe interest rate on households’ new time deposits marginally increased by 1 basis point (bp) to 1.81 percent in February from 1.8 percent in January, according to the Bank of Greece (BoG... percent in the interest rate on loans with fixed maturity for amounts above 1 million euros. The rate
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DTA may spell new trouble for Greek banks
Agoracapital) times year’s loss. As an example, if a bank reports a pre-tax loss of 1 billion euros and has... importantly, the DTC-eligible DTA made up slightly less than half of Greek banks’ common equity Tier 1 (CET1
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IMF sees Greek growth at 2.5 pct in 2015, debt at 172.7 pct of GDP
Economyunemployment rate by 1 percentage point to 24.8 percent in 2015, with the jobless rate expected to fall.... The IMF revised upward its estimates on the overall fiscal balance by more than 1 pp for 2015 and 2016
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Greece is gasping for a deal
Agoraratings by one notch to “CCC+/C”. It estimated that the Greek economy has shrunk by 1 percent over... the end of June. Athens has just over 1 billion euros in debt obligations (including another 880
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Greek banks’ loan quality is deteriorating
Economyeuro2day.gr reported that an additional 1 billion euros in NPLs was created in March. If confirmed, this 3...’ common equity tier 1 (CET1) ratios stood at adequate levels at the end of 2014, ranging from 12.1
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Moody's downgrades Greek bond rating, sees chances of accident rising
Economykey drivers behind the downgrade: 1) The high uncertainty related to whether Greece will reach... in the near term given the prevailing downside risks, Moody’s could upgrade Greece’s rating in case of: 1
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Unemployment rate eases to 25.4 pct in Feb, as number of unemployed falls
EconomyMacroeconomyend at 14.8 percent, also showing a drop by 1 pp MoM. In its spring economic forecasts released... though that the EC’s projection for 2015 points to a drop by almost 1 pp YoY.
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This is how Greece kept its budget on track in Q1
Agoraoutperformance. What lies behind this performance: 1) Other healthcare expenses (covering hospital... contained: 1) Consumption and non-allocated expenditure, which stood at 127 million in Q1 at just 8.1
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