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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingcredit, requires additional solutions that will help lenders bring their NPE ratios closer to the EU... from this transaction, the reduction was 1 billion euros, mostly led by 600 million euros in write... requirements. It adds that its proposal is led by market-based transactions, which will include
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Newsletter 375 - 24/03/2023
of a second vote that would give his party a 50-seat bonus, or a SYRIZA-led coalition. The PM is banking... current cycle of credit rating reviews from the leading agencies that are taken into account... and the developments at Credit Suisse. Thankfully, the sovereign debt profile is very mild this year
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Newsletter 378 - 28/04/2023
poll, MeRA25, led by former finance minister Yanis Varoufakis, is on 4.5 pct, up by 1 point since... a hard stance against the possibility that they might be called on to back a SYRIZA-led government... that Greece could be upgraded to investment grade before the elections, S&P held firm on its credit
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Newsletter 423 - 17/05/2024
led by the VMRO-DPMNE and took 69 pct of the vote in last Wednesday’s runoff ballot. Her actions... policy pushed up the rates on mortgages and the burden of loan servicing. The issue of access to credit... and are on the borderline for having credit applications rejected. A 100,000-euro mortgage for 30 years currently requires
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Coalition banks on surplus transfers, waits for Hellenikon verdict
PoliticsGreek PoliticsThe consortium that has won the right to build offices, shopping centres and apartments on the site...) has been deliberating for several weeks whether potential ancient finds on the site should lead... that a specific area at the vast site be excluded from the development plans due to its archaeological
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New asylum law comes up against old failings
Agoraand the general disarray at the site, where hundreds live in tents in the olive groves outside, makes... into local communities. The Rijswijk centre is not located in a far-flung field or on the site... that the buildings can be dismantled and moved after several years so no site is permanent. As the director
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Central gov't cash deficit down to 1.14 bln in March
EconomyMacroeconomyto higher expenditure (268 million) and lower revenues (95 million) posted in BoG numbers on a cash
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Current account balance shows a surplus for third straight month, at 2.09 bln in August
EconomyMacroeconomystems from a drop in the goods’ (by 268 million) and primary income (by 109 million) deficits more
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General gov't primary cash surplus climbs to 1.3 bln in Jan, arrears resume upward trend
EconomyMacroeconomy, expenditure was slashed by 268 million to 4.84 billion, largely due to a reduction in transfers by 143
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Revenues beat target for second straight month in Oct with 739 mln over-performance
EconomyMacroeconomyfigure at 268 million, 96 million lower than the target, while the 10-month figure fell short
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