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EC warns budget not on track due to handouts, advises against further underspend
EconomyProgrammeacknowledge that over the last few years Greece has managed to significantly over-perform on the fiscal... on the young and working–age population that has suffered the most during the crisis and who
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New overdue taxes rise at lower rate in Apr, total debt at 104.6 bln
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 265 million euros in April, data from the Independent Authority of Public Revenues (IAPR) has shown. The aggregate figure for the first four... part driven by rises in new debt. In the year to date, the total for overdue debt has increased
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Wages index up by 1.8 pct in Q1 YoY
EconomyMacroeconomy. As of the current quarter, the index has been above the 100-point mark since Q1 of 2017, equal to eight... quarter. Since its peak, the index has declined by a quarter on the back of the negative impact
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New Democracy on course for clear majority, opinion polls suggest
PoliticsGreek Politics. Mitsotakis has ruled out working with Velopoulos if he gets into Parliament and has said he would
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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomyso far, Eurosystem funding has declined by 3 billion euros, reflecting a fall of 2.06 billion euros... has steadily dropped. The total fall by May 2019 came to 149.02 billion euros. The majority
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BoG notes economic progress, urges safeguarding of fiscal credibility
Economyon its own feet. What has been achieved so far needs to be safeguarded and the policy framework... with the added revenues from the 120 installments scheme it has just used the fiscal space that it had
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Piraeus Bank issues Tier II bond to strong demand
EconomyBankingof increasing Piraeus Bank’s total capital ratio by around 90 bps. The issue has been rated Caa3... by Goldman Sachs International and UBS Investment Bank. The coupon of the issue has been set at 9.75
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ND defends plans for three-pillar pension system as SYRIZA looks for weak spot
PoliticsGreek Politicsthe pension system. SYRIZA sees this as a potential weak link in the centre-right party’s programme and has... that once the reform has been carried out, only newcomers to the labour market would be included
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Annual report shows majority of debt in official hands on favourable terms
EconomyThe Ministry of Finance (MoF) annual debt bulletin for 2018 has outlined the government's strategy for the management of its debt across 2018. The report outlined that Greece's exit from its economic... debt showed that the total figure has risen by 30.24 billion euros year-on-year and stood at 358.95
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Eurobank’s NPL sales take major step with two transactions
EconomyBankingresidential mortgage loans. The portfolio carries a gross book value of 2 billion euros and has been code.... The total portfolio carries a gross book value of 7.4 billion euros and has been code named Project
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