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IMF highlights bailout shortcomings in latest admission of programme errors
EconomyProgrammeA new internal evaluation document published by the International Monetary Fund on Monday can be added to the existing material that has been released by the IMF on Greece outlining what a formidable... was eliminated in 2015. The Fund has been by some distance the most forthcoming of all institutions
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Tsipras bids to maintain unity after heavy defeat for SYRIZA
PoliticsGreek Politicsand voters. Fylis did not seem optimistic that SYRIZA could overturn the lead New Democracy has built.... The figures from Sunday’s vote suggest that New Democracy has a strong chance of clinching an outright
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SYRIZA offers compromise over judicial dispute to prevent more turmoil before polls
PoliticsGreek Politicsor decisions. SYRIZA hit back by claiming that it has a constitutional right to make... image after Sunday’s election defeat, the government has decided to try to reach consensus
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New Democracy on course for clear majority, opinion polls suggest
PoliticsGreek Politics. Mitsotakis has ruled out working with Velopoulos if he gets into Parliament and has said he would
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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomyso far, Eurosystem funding has declined by 3 billion euros, reflecting a fall of 2.06 billion euros... has steadily dropped. The total fall by May 2019 came to 149.02 billion euros. The majority
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Piraeus Bank issues Tier II bond to strong demand
EconomyBankingof increasing Piraeus Bank’s total capital ratio by around 90 bps. The issue has been rated Caa3... by Goldman Sachs International and UBS Investment Bank. The coupon of the issue has been set at 9.75
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Annual report shows majority of debt in official hands on favourable terms
EconomyThe Ministry of Finance (MoF) annual debt bulletin for 2018 has outlined the government's strategy for the management of its debt across 2018. The report outlined that Greece's exit from its economic... debt showed that the total figure has risen by 30.24 billion euros year-on-year and stood at 358.95
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Eurobank’s NPL sales take major step with two transactions
EconomyBankingresidential mortgage loans. The portfolio carries a gross book value of 2 billion euros and has been code.... The total portfolio carries a gross book value of 7.4 billion euros and has been code named Project
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Retail turnover falls by 2 pct in Apr, volume declines by 2.7 pct
EconomyMacroeconomyfrom a revised increase of 5 percent in March. As with the retail index, the volume index has... the reading came to -28.3 points. Compared to June 2018, consumer confidence has shown a strong
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EFKA fund data shows 30 pct in part-time jobs earning less than 400 euros on average
EconomyMacroeconomyThe Unified Social Security Fund’s (EFKA) latest employment data as of December 2018 has shown that around one in three employees earn a gross monthly wage of around 390 euros. The summary statistics... insured with Greece's largest social security fund, which has close to 2 million members. The average
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