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GDP up by 2.3 pct year-on-year in Q1 on strong export growth
EconomyMacroeconomypercent year-on-year (YoY) after upwards revised growth of 2 percent in Q4. The GDP movement in Q1... upwards revised growth of 2 percent in Q4. The headline GDP growth on an annual basis is the highest... represents almost 21 percent of the total. The latest MoF budget tabled at the end of 2018 estimates
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GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomyjust short of the Ministry of Finance’s (MoF) final budget estimate of a 2 percent rise for 2019..., slightly under the MoF’s final budget forecast of 4.9 percent. Imports of goods and services rose by 2.5... marks the fourth consecutive year of positive GDP growth. According to the MoF’s 2020 budget, Greece
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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyrelief in the form of smoothing interest payment for EFSF loans coupled with a primary surplus of 2... primary surplus of 2 percent after 2018, extension of all eurozone loan maturities by 20 years... of high debt-to-GDP ratios (above 100 percent) a reduction in the interest payments improves
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Does the EU Commission suffer from optimism bias? (Part 1)
Agoraand why these differences are important for policy interpretation. In part 2 of this blog, we will call.... Real GDP is the product of labor input and average labor productivity (Q = L *(Q/L)). Figure 2 shows..., and a bigger labor force, hence delivering higher employment throughout the future years (Figure 2
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBanking, 84 million euros in preferred securities and 18 million hybrid (Tier 2) notes. For senior notes in particular, the proposed exchange offer stands at 100 percent of nominal value. The bank aims to raise capital up to 0.8 billion for the LME. The last key pillar involves the sale of 100 percent of its
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Greek banks' capital actions underway, state aid seen as low as 4.7 bln
Economysplit (1:100). NBG NBG initially announced it would seek to raise 1.6 billion from the non-preemptive... as the bail-in of securities, meaning that the bank would seek state aid of 2 billion to cover its... around 2 billion would be in the form of CoCos and 0.7 billion in common shares. The book building
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Gov't postpones discussion on parallel programme ahead of tranche approval
Economyprocess, while it added that the total cost is “extremely low at around 100 million”. The only... interventions such as: 1) Establishment of poor citizens’ bureaus. 2) Health support for uninsured... of the criteria for the beneficiaries of health and medical support (100 million), the re-granting
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Newsletter 63 - 19/02/2016
, Eurobank is due to publish results on March 2, followed by Alpha and Piraeus on March 3 and 9... (ELA) ceiling for Greek banks by 100 million to 71.4 billion. Since mid-August, the ECB has cut the ELA... of 97.3 percent, with the company market value currently standing at around 100 million. Expressions
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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammeinto a 3 percent long-term nominal growth rate, on the assumption that inflation will reach 2 percent... used in 2015 will be recovered, noting that 2 billion euros were already repaid in February last year... was seen at 165 percent in 2020, deescalating further to 127.2 percent in 2030 and below 100 to 96.4
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BoG Monetary Policy Report positive on programme end but advises caution for future targets
EconomyBankinginterest rates by 100 basis points and a primary surplus at 1.5 percent of GDP in the long term will breach the assumption of Gross Financing Needs (GFN)-to-GDP from 2032 and push Debt-to-GDP over 100 percent. BoG anticipates Greek economic growth to pick up pace in the coming years, growing by 2 percent
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