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Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
Economyby unresolved problem assets. Future outlook Fitch concludes that further positive rating action would... the banking sector asset quality problems, combined with efforts to accelerate privatisations. Combined... inflows improved the liquidity and funding profiles of the domestic lenders. The banks’ capital base
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Total health spending down to 8.65 pct of GDP as public healthcare sees big drop
Societyfrom 2012 to 2013 it was -7.3 percent. Residential or long-term care facilities also saw their funding... funding as a percentage of GDP was higher in 2010 than previously recorded (9.84 percent as compared..., a decrease of almost 32 percent. In that same period, the decrease in the share of public funding
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Reflections on Greece's balance of payments
Agorathe mathematics of this problem. Mathematics represents Nature, and no-one can mess with Nature... in 2009 when the funding stopped with the onset of the Great Recession. Then, between 2009 and 2014... of the euro area partner countries, the ECB, and the IMF helped Greece with unprecedented funding
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More than half of Greek households rely mainly on pensions
Societyor borrowed from relatives and friends to make ends meet. The report found, however, that in 2015 saw... underlined that given the problems of over-indebtedness, poverty and social deprivation in Greece... stability and the urgent need to address social problems. Its study found that 15.2 percent of households
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Early summer fire highlights precariousness of snap election option
PoliticsGreek Politics,” he said. Androulakis saw his proposed candidate, Andreas Spyropoulos, elected as the new head... capacity to deal with the threat of wildfires, familiar problems remain. “Behind the pompous... by the public as being more in tune with people’s problems than PM Mitsotakis (38 vs 35 pct
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Coalition caught between pleasing lenders and voters ahead of next troika review
PoliticsGreek Politics. The subsequent cabinet reshuffle saw a number of conservatives representing the so-called “popular right... on the funding gap. Greece is on course to meet its fiscal targets and believes that with some hard work over the summer the structural side can be taken care of as well. However, the funding issue will depend
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Deposits edge down to 123.5 bln in September on outflows of 379 mln
EconomyMacroeconomythe completion of the first programme review, banks saw inflows of 2.04 billion over the past five months... to the end-2015 figure. BoG earlier data also showed that Greek banks’ Eurosystem funding dropped by 3.15... funding by 1.82 billion to 27.75 billion coupled with a decline in Emergency Liquidity Assistance (ELA
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Deposits rise to 124.6 bln in Oct on inflows of 1 bln
EconomyMacroeconomyMay, Greek banks saw inflows of 2.88 billion by October. Total deposits – which also include those... weeks ago that Greek banks’ Eurosystem funding fell by another 3.53 billion euros to 71.78 billion at the end of October. The monthly movement reflects a reduction in ECB funding by 2.24 billion
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Check, please: How much Alexis Tsipras's first months cost Greece
Agoraand 3.7 percent in 2016. Both organisations saw private consumption and investments pick up due... to a significant funding and liquidity squeeze for his government. The Finance Ministry had to postpone or delay a large part of non-payroll costs from March 2015 to cover its imminent external funding
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Finance Ministry challenges SYRIZA's plans for economy, ups cost
Economy. The document notes that the key problem for Greece’s economy lies with the supply rather than the demand... billion. Revenues Another major issue highlighted by the MoF involves the funding of SYRIZA’s measures... that tackling tax evasion requires a long time to bear fruit, while the other funding sources identified
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