Search
-
Growing hopes that Greek recession will be milder than expected
EconomyThe Greek government as well as local banks and economic think-tanks are hopeful that this year’s... surprise, Greek GDP rose by 0.9 percent quarter on quarter (QoQ) and 1.6 percent year on year (YoY... statements they expect a softer GDP contraction this year. Their predictions for a better-than-expected
10% -
Newsletter 65 - 04/03/2016
for the next steps, starting with the quadriga’s return to Athens. We understand that the IMF... showed that GDP decreased 0.8 percent year on year in Q4, which was much slower than the flash estimate of 1.9 percent. For the whole year, real GDP contracted by 0.3 percent, while nominal GDP fell
10% -
Tsipras to get election campaign underway as parties target middle class voters
PoliticsGreek Politicsof the tax-free threshold reduction, which was due to be implemented next year. The relevant... to 2,151 euros per year, according to Naftemporiki newspaper. The government has responded... for low-income pensioners to be brought back from the start of next year. The prime minister is also set
9% -
Newsletter 37 - 31/07/2015
a final decision on its participation even into the new year and only after there has been clear... the new year and after commitment on Greek debt relief. be based. It is thought that Greece and its lenders will agree that the recession this year could be as deep as around 3 percent of GDP. Some
9% -
Newsletter 51 - 12/11/2015
income be set between 25,000 and 30,000 euros. The quadriga, however, would prefer to see annual.... Together, they renewed the moratorium on foreclosures at the end of each year. Unemployment rate... is the first negative reading since Q4 last year but is better than market polls had suggested. GDP
9% -
National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingNational Bank’s reported net profit reached 1.15 billion euros in the first half (H1) of the year, from 343 million last year. It was the second Greek bank after Alpha, which released Q1 results on August 28. This year’s results include one-off items of 1.04 billion euros largely due
9% -
Greece and lenders hold inconclusive talks on tax and pensions
EconomyProgrammeto bring in the targeted revenues. The Finance Ministry and the quadriga seem to agree on the taxation... scenarios. The first foresees an increase in the tax rate to 15 percent this year and to 26 percent... this year and to 26 percent next year. According to the second scenario, farmers would be taxed
9% -
ECB stress tests and what they will mean for Greek banks
Economy, that will remain intact. The latest government plan for exiting the bailout at the end of the year... in the next 6-9 months. The comprehensive assessment comprises of two main pillars. The first...-test scenarios. The main results of the comprehensive assessment for both pillars will be based
9% -
Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBankingthe reliance on Pillar II bonds in the course of the year, mainly due to their high cost. In particular... will make it the first Greek bank with zero reliance on any of the three pillars of the capital... no longer relies on any of the three pillars means that the appointment of a representative of the Greek
9% -
A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammein fiscal measures so they are on standby if primary surplus targets are missed next year or in 2018.... These measures are equally split in three key pillars: Pension reform, personal income tax reform... to the first two pillars. The detailing of the indirect tax measures has not been officially disclosed
9%