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Newsletter 177 -05/10/2018
was set,” added Centeno in reference to Athens agreeing to reduce pension spending by 1 percent of GDP... social spending, were due to be implemented in just 2019 and 2020, balancing for the 1 percent
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Newsletter 179 -19/10/2018
of so-called “secret funds” by some ministries. These are funds that are set aside for use... pension cuts of 1 percent in GDP. One of the two scenarios in the economic plan – the one... of the differences between the draft budget tabled in Greek Parliament on October 1 and the plan sent
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBanking(APS), which will use state guarantees. The set-up is described as being similar to the scheme..., approximately 1 billion will appear on the bank's balance sheet. The sale is part of Eurobank's plan to reduce... for the sale of the portfolios which are collateralised against real estate with an on-book value of 1
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Newsletter 183 -16/11/2018
of GDP primary surplus target in 2019 even if does not go ahead with the 1 percent of GDP reduction... Protection Scheme (APS), which will use state guarantees. The set-up is described as being similar..., apartment prices rose by 1 percent, gaining slightly on the previous quarter-on-quarter rise of 0.8
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Newsletter 184 -23/11/2018
on Wednesday, did not include the 1 percent of GDP reduction in pension spending agreed in 2017, nor... for 2019 without 1 percent of GDP in pension cuts and several other crowd-pleasing measures ahead... on track with its economic goals and forecasts. Greece seems set to beat last year’s tourism arrival
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingloans, with NPE formation of -3 million. A rise of 1 million had been noted in Q3. NPL formation also... with Grivalia is set to leave Eurobank with the highest total capital ratio in Greece. P&L NII rose... 109.6 percent in 2017. Capital The phased-in Common Equity Tier 1 (CET1) ratio increased to 16.2 percent
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Athens waits for green light from Eurogroup so it can settle IMF loans early
EconomyProgrammedays as Athens looks to secure the disbursement of nearly 1 billion euros from the Eurogroup on April... framework, reports suggested. The lower ceilings set on business loans mean it is estimated that no more than 10,000 loans in this category will qualify, representing 1 billion euros of debt, To Vima
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In latest election pledge, Tsipras vows to ditch lower tax-free threshold
PoliticsGreek Politicswere due to lead to 1 percent of GDP in savings but were also designed to create greater fairness among pensioners, the reduction to the tax-free threshold is also aimed at generating an extra 1... cheap borrowing, we have liquidity, we have the IMF set to leave,” he said. “Based on this, we can
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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankingthat will manage the real estate owned assets portfolio, which contains properties worth around 1 billion... purchase price for Ιntrum’s acquisition of the majority share of the platform has been set at 328 million euros, with both parties aiming to close the transaction on October 1, 2019. The end result
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Institutions warn of fiscal target being missed, reforms slowing
EconomyProgrammepackage, which was set to enter into force in January 2020. This involves not broadening the tax base as planned and not creating an extra 1 percent in fiscal space for growth-enhancing reforms... estimate will have a fiscal cost of more than 1 percent of GDP in 2019 and beyond. These range from
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