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Newsletter 23 - 17/04/2015
that this reflects his view, rather than the consensus within the government. by Antonis Samaras... view, rather than the consensus within the government. Energy Minister Panayiotis Lafazanis.... The group NPL ratio (NPLs over gross loans) climbed by more than 1.5 percentage points to 32.2 percent
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Newsletter 44 - 25/09/2015
of the third memorandum of understanding (MoU) in mid-August. Since then, the better than expected GDP growth for the second quarter and the stronger than anticipated tourism numbers have raised hopes... statement, “no later than 15 November”. Since capital needs are due to be disclosed in the second half
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Newsletter 22 - 03/04/2015
than those on February 18, meaning that the banks cannot cover the emerging funding gap of 700... points in February. This means it is 6 points lower than the recent peak of 102.8 in November... in February. Economic sentiment is now six points lower than the November 2014 peak. Retail turnover down
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PM gears up for communications drive as PASOK marks 50 years
PoliticsGreek Politicsyear, rather than the 0.5 that had been planned. Another 0.5-point drop was due the following year... scheme providing subsidised loans to homeseekers. It will have less stringent criteria than in the first version and be available to a broader range of buyers than before. This is designed
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Three in 10 workers in part-time jobs, earning less than 400 euros
Societypercent did not make more than 23.48 per day. Men were more likely than women to be in full-time... in full-time work, the average daily salary was 15.1 percent higher than that for women (52.69 euros... and 23.09 for women.The same was also true for part-time work. Although women were more likely than
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Labour database shows 8 in 10 workers earn less than 1,200 per month
Economy. According to Ergani Greek companies are dominated by small firms as more than 88 pct employ less than 10 workers, some 262,634 companies out of a total of 298,255. Around 10 pct employ between 11 and 50. This leads to a total dominance of SMEs in the Greek economy, with more than 98 pct
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Ankara tension tops govt agenda, overshadowing social dividend and primary residences
PoliticsGreek Politicsthe spat with Turkey over its signing of an agreement with Libya regarding the delimitation... is in control of all of Libya, and Prime Minister Kyriakos Mitsotakis reportedly told Turkish President..., Foreign Minister Nikos Dendias described as “more than provocative” Turkey’s latest moves. He also
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Wealth inequality in Greece has grown at faster rate than eurozone peers during crisis
SocietyThe economic crisis has increased wealth inequality in Greece at a much faster pace than in other... increase than the two other countries, Italy and Spain, Credit Suisse considers to have experienced... from 52 to 55.6 percent, which means that in both cases the current total is also lower than
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Cat and mouse: Greece and Schaeuble
Agorahad in mind something completely different than the Greek government. When all the pieces are put... the IMF is demanding (legislation of more than 2 percent of GDP in contingency measures that include... would approve a new deal. Rather than suggesting that Greece’s problems would be over if the IMF
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBanking. The final price was rumoured to be equivalent to more than 20 percent of the portfolio's nominal value..., and will lead to the bank’s NPE ratio falling by more than 100 basis points. Upon completion... by more than 30 billion euros by the end of 2019, so it falls to below 65 billion euros. According
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