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Newsletter 387 - 30/06/2023
outperformance of 2 billion euros up to May thanks to VAT and income taxes beating targets. However... dropping below 2 pct, it might struggle to continue pushing back on that front and fiscal space might get... monthly drops led by decreases of 5 pct in manufacturing, 1.6 pct in water supply and 7 percent
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Government treads carefully on Trump, looks for positives in EU defence spending tweak
PoliticsGreek Politicsdid not comment on the X post by Health Minister Adonis Georgiadis in which he described Vance’s... across the board tariff on EU goods will make Greek products 7 pct more expensive in the US, which
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Newsletter 110 - 10/03/2017
. It appears, for instance, that the Greek side has accepted the pre-legislation of 2 percent of GDP (3.6... before eurozone finance ministers meet on March 20. There is another Eurogroup scheduled for April 7... on Monday suggested that New Democracy’s lead over SYRIZA stands at 14 percentage points: 33 percent
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Newsletter 115 - 21/04/2017
for three or four years after the end of the programme in 2018, before it is lowered to around 2... forecasted a 2 percent of GDP primary surplus that year, which is substantially below the 3.5 percent target... of the 40-year concession deal with Fraport for 14 regional airports and the completion of the new
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Newsletter 81 - 08/07/2016
refinancing facilities, Greek banks could replace 7 percent of emergency liquidity assistance (ELA... deposit rate eases Greek households’ new time deposit rate fell by 2 basis points to 0.85 percent in May.... The headline figure is the lowest since Greece entered the eurozone in 2002. 2 Privatisations can be win-win
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Govt hopes counter-measures, debt relief talks enough to escape multi-bill maelstrom
PoliticsGreek Politicseuros between now and 2021, including 1.5 billion euros of tax reductions in 2020 and another 2... percent of GDP fiscal target every year until 2021, creates an extra 2 billion euros of fiscal space... with the lenders is “bad” or “probably bad.” Only 14 percent think it is “good” or “probably good.” Also
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General govt primary cash surplus at 1.98 in Jan, arrears fall by 167 mln
EconomyMacroeconomy. Other revenues improved by 77 million, while social contributions improved by 14 million. Revenues from the sales of nonfinancial assets declined by 12 million, standing at 2 million in January versus 14.... A rise of 47 million in arrears of hospitals was noted in January, along with a rise of 2 million
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Newsletter 111 - 17/03/2017
the remaining differences in time for the next gathering of eurozone finance ministers on April 7... (SLA) could be reached by April 7 but acknowledged that one issue is proving a major stumbling block... by April 7, when eurozone finance ministers are due to gather in Malta. This would at least calm nerves
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National Bank posts losses of 159 mln in Q1 2015
EconomyBanking(PPI) eased 2 percent QoQ to 357 million in Q1 reflecting a drop in operating income and expenses... weaker NII from Turkey (down 12 percent in TL terms) and Greece (-2 percent). The lower Greek NII... improved by 7 basis points (bps) QoQ largely due to a similar rise in the time deposit spread
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingof the 7 billion transferred to the SPV and 2 billion from the securitisation of 2 billion euros-worth... be further reduced to single digits by 2021 with an NPE deconsolidation of approximately 7 billion... including housing, consumer and business. In its nine-month results, Eurobank listed 14 billion euros
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