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All eyes on Piraeus as share price tumbles amid coupon payment concerns
EconomyBankingthat took place in 2015, Piraeus Bank had issued 2 billion euros of convertible bonds (CoCos) that pay... of privatising the bank will be accelerated. The bank is already lining up the securitisation of 7 billion euros of NPEs through two portfolios: Phoenix, which is worth 5 billion, and Vega for 2 billion
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Newsletter 283 -05/02/2021
request submission for Hercules on the securitisation of the Phoenix portfolio worth 2 billion euros..., worth 7 billion euros, and the remainder of Alpha Bank’s Project Galaxy. Hercules II is seen running... to the central bank. 2 PMI rises to 50 points in January Figure signals unchanged operating conditions
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Newsletter 291 - 02/04/2021
the plan to his cabinet on Monday, including that it will add 7 percentage points to gross domestic... worsened by 10.6 points. 2 Consumer confidence improves in March Retail, services and employment..., stationery and other goods (-3.7 percent). Increases were noted in supermarkets (+2 percent
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Stability Programme reflects subdued expectations for 2021, high hopes for 2022 onwards
EconomyMacroeconomy, compared to 7 pct of GDP last year. Support initiatives are seen continuing in 2022 with another... is 27.9 billion euros, 11.6 billion last year, 14.3 billion this year and 2 billion euros in 2022...-pandemic surveillance commitments with surpluses of 2 pct and 2.9 pct in 2023 and 2024
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NBG posts 557 mln profit in Q1
EconomyBankingunder the Gefyria programme, just 7 percent of clients that used the programme are in early arrears... percent QoQ from 314 million in Q4. Net fee income fell 2 percent QoQ to 67 million in Q4 The bank’s... to 16 bps in Q1, led to a improvement of the bank’s blended funding cost to nearly zero in Q1 (2 bps
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PM looking to build on RRF approval to augment profile as moderniser
PoliticsGreek Politicsthat this amount could add a cumulative 7 percentage points to Greek GDP by 2026. The European Commission has indicated that it expects 1 percent of GDP to be added this year, 2 percent next year and 2.5... 2.3 billion in grants and close to 2 billion in loans) to be made in July, with close to 8 billion
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Newsletter 323 - 14/01/2022
was raised by 2 pct on January 1 and the conservatives had promised a second increase at some point... a primary surplus worth over 2 pct of GDP for the period up to 2060. For 2022, after two years of running primary deficits of over 7 pct of GDP due to the pandemic impact and support spending, Greece has
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Newsletter 325 - 28/01/2022
of close to 2 pct of GDP the following year, some serious fiscal effort - as much as 7 billion euros... sector incomes, at 799 million euros; and some reduced VAT rates for a total tax reduction of 2
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomyMinister Christos Staikouras admitted that average inflation in 2022 will range between 1.5 and 2... as fuel prices, also thanks to the heavy tax wedge, are approaching 2 euros per litre in gas stations even... to circa 1 pct of GDP, from roughly 7 pct last year. The latest package announced for energy subsidies
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Govt readies additional inflation relief package, draws up new budget
PoliticsGreek Politicsinvasion. Officials are also alarmed that unleaded fuel prices have risen above 2 euros/litre... is working on macro scenarios that up to 2 percentage points being shaved off the GDP growth of 4.5... assumes a protracted conflict, is 7 pct, Naftemporiki reports. Most of the damage to growth
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