Search
-
Compromise emerges on liberalisation of NPL market
EconomyProgramme-performing exposure (NPE) ratio of the Greek market edged up to 43.6 percent in September from 42.1... to 49 percent. Greek banks reported a slowdown in the NPL formation in the fourth quarter (Q4
1% -
Marginal deposit inflows of 55 mln in March
EconomyMacroeconomyGreek private sector deposits recorded marginal inflows of 55 million euros in March from outflows of 548 million in February, Bank of Greece (BoG) data displayed on Wednesday. However... government (2.28 billion). Meanwhile, Greek banks’ reliance on Eurosystem funding fell by 2.78 billion
1% -
EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
EconomyIn its spring economic forecasts released on Tuesday, the European Commission (EC) lowered its estimates for Greek GDP contraction to 0.3 percent in 2016 from 0.7 percent expected in early February... that additional savings of 3 percent of GDP by 2018 are envisaged by the Greek government to reach the primary
1% -
Ministry's actuarial study shows the devastating impact of the crisis on the pension system
EconomyThe Labour Ministry published on Thursday the long-awaited actuarial study that accompanies the pension reform outlining the key factors that had a negative impact on the sustainability of the Greek... of 58,900 in the pre-crisis period, the Greek labour market suffered from 170,500 annual job losses
1% -
Majority of Greeks believe refugees cannot ‘integrate’
SocietyAlmost two-thirds of Greeks, including the majority of those who voted for SYRIZA in the last election, do not believe that refugees can integrate to Greek society, according a poll published... not. On the question of whether refugees are a threat to Greek national security, half of respondents felt
1% -
Eurosystem funding falls below 100-bln mark for first time since Jan 2015
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped for the tenth straight month in April, albeit at the decelerating pace of 1.88 billion euros after a decrease of 2.78 billion in March, according to the Bank... euros to 32.68 billion, reflecting ECB purchases of EFSF bonds held by Greek banks following
1% -
Apartment prices fall at slightly slower pace of 5 percent in Q1
EconomyMacroeconomyThe drop in Greek apartment prices slightly decelerated for the second straight quarter in Q1, when there was a 5 percent decrease from a revised 5.3 percent in Q4 2015, Bank of Greece (BoG) data... by the institutions as included in the baseline scenario of Greek banks’ stress tests last October
1% -
IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief
EconomyProgramme(DTA) in Greek banks’ capital burden their weak balance sheets. The Fund suggests... for European Stability Mechanism (ESM) loans and 40 years for Greek Loan Facility (GLF) loans. This could
1% -
Central government debt edges down to 321 bln in Q1
Economyloans involves the EU financial aid of 205.2 billion, of which 52.9 billion relates to the Greek Loan... the quarterly payment, the outstanding amount of the IMF loans to Greece stands at 13.8 billion. Greek
1% -
Coalition ministers, MPs wrestle with implications of Eurogroup agreement
PoliticsGreek PoliticsThe government has begun the process of digesting this week's Eurogroup agreement, which failed to live up to Greek hopes for debt relief and left the coalition with some more work to do before... Kamateros labelled “unacceptable” on Thursday the rise of VAT on the Greek islands, which enjoyed
1%