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Central government debt drops to 400.52 bln in Q1 due to lower repos
EconomyMacroeconomyand has been falling since. The debt breakdown by residual maturity showed that long-term (over 5 years) debt made up 73.2 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5... by roughly 1 billion to 16.19 billion. The general government cash deposits that also include bodies
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Newsletter 72 - 06/05/2016
will leave the remaining 1 percent of GDP in measures, mostly increases to indirect taxes, to be approved... throughout that year will stem from pension reform (1 percent), personal income tax reform (1... lending fell sharply in March, with rates for amounts of over 1 million euros dropping by 90 basis
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Newsletter 86 - 02/09/2016
, investments came in higher on 1 percent QoQ and 7 percent YoY. On the flipside, household consumption fell 0.2 percent QoQ and 1.7 percent YoY. In the first half (H1) of the year, GDP decreased by 1 percent... that seasonally adjusted retail sales and volume rebounded month-over-month (MoM) by 1 and 0.7 percent
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Newsletter 151 -16/02/2018
visit to Athens by European Economic Affairs Commissioner Pierre Moscovici, who also set out... euros, with another 1 billion to follow subject to e-auctions and the reduction of arrears progressing. During his visit, Moscovici reportedly set out a roadmap for Greece that runs from
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The key numbers behind the latest Greek proposals
EconomyProgrammewill target net revenue gains of 1 percent of GDP on an annual basis, which is similar to institutions’ proposal. Since the changes are effective as of July 1, the additional revenues correspond to 900 million... permanent savings of 0.25 – 0.5 percent of GDP in 2015 and 1 percent in 2016, in line with the institutions
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Athens aims for November agreement with lenders on pension cuts
EconomyProgrammeagreed with the lenders that as of next year there could be a 1:1 ratio for hirings and departures in the civil service, as opposed to the 1:5 ratio that has been in place for the past few years... to ensure that the 1 percent reduction in pension spending is not implemented. To Vima reported
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Newsletter 222 -04/10/2019
Thomas Cook for 1, 2 and 3 star hotels came to an average of 48 percent of overall turnover... that for every 1 euro of tourism revenue generated in Greece, another 2.50 euros is generated indirectly..., with substantial losses in turnover and bankruptcies expected, the HCH said. Hotels with 1 star were estimated
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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBanking) in Q3 stood at 81 million, an increase of 1 percent YoY and unchanged QoQ. The main contributors... to 234 million (-1 percent YoY) including the asset management fee paid to the NPE servicer... the bank’s 2020 target for 5 billion euros in new loan origination. CoCos In advance of the 9M results
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The case for a general government balance sheet
Agoraof a government impacts future generations. Figure 1 shows the summary results of a preliminary general government balance sheet for Greece and the 19 countries of the euro area (Euro-19). Subsequent tables 1 and 2 illustrate balance sheet data in more detail. Figure 1 above captures for Greece and the Euro-19
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Newsletter 86 - 26/08/2016
highlighted the need for Greek authorities to “set the record straight and avoid misinterpretation... rate since Q1 2010. The breakdown shows that the prices of new apartments (up to 5 years old... to the poverty threshold set in 2005. When measured that way, the deterioration of living standards
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