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  1. General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    indicated it would repay a portion of arrears with part of the last two sub-tranches of 2 and 1 billion...-tranche (1 billion) and payment to the IMF (1.2 billion). The other debt components were kept stable

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  2. Greek pensions: The unsolvable equation
    Photo by Ivan T https://flic.kr/p/e6FhzZ

    Agora

    Last July the conditionality of Greece’s third programme included savings of 1 percent of GDP from... at the end of 2013, took roughly 1 million people out of labour force. The latest figure as of October 2015... took a major hit not only as a result of people dropping out the labour force en masse but also due

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  3. Newsletter 62 - 12/02/2016

    Newsletters

    , which would be reduced by 1 percentage point for incremental income of 1,000 euros. Thus, the discount... for Greece saving 1.8 billion euros (equivalent to 1 percent of GDP) this year in order to meet its

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  4. BoG outlines steps to economic recovery, updates on banks' asset quality
    Bank of Greece

    EconomyMacroeconomy

    involve: 1) Further strengthening of the banking system by addressing the huge stock of non..., Greek banks’ Common Equity Tier 1 (CET1) and total capital adequacy ratios reached 18 percent

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  5. Newsletter 64 - 26/02/2016

    Newsletters

    Turkey since January 1, compared to 4,500 in the same period last year. have arrived by sea..., Greek banks’ pro-forma Common Equity Tier 1 (CET1) and total capital adequacy ratio reached 18 percent

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  6. Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
    Photo by MacroPolis

    EconomyBanking

    for cost of risk south of 2 percent in 2016 and below 1 percent in 2017-18. The overall stock... the capital raising in November, the bank’s phased-in Common Equity Tier 1 (CET1) ratio increased to 17

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  7. Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
    Photo by MacroPolis

    EconomyBanking

    raising in November, the bank’s Common Equity Tier 1 (CET1) ratio reached 16.7 percent, while... targets a return on assets (RoA) ratio above 1 percent, cost to income ratio at 40 percent (from 50

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  8. CPI falls at a slower pace of 0.5 pct in February

    EconomyMacroeconomy

    , while goods index fell by 1 percent. The drop in February CPI is mainly attributed to a decrease... in the clothing and footwear sector (-5 percent), while prices in transport and household equipment also fell 1

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  9. Greece and lenders hold inconclusive talks on tax and pensions
    Photo by MacroPolis

    EconomyProgramme

    anything yet.” This confirms the significant gaps that still exist between the two sides and relate to: 1... savings of 1 percent of GDP (1.8 billion) this year. Since the institutions rejected the government

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  10. Unemployment edges up to 24.4 pct in Q4 on seasonal drop in employment
    Photo by MacroPolis

    EconomyMacroeconomy

    (i.e. those looking for a job who have never worked in the past) fell by 1 pp from the previous quarter to 22.6 percent in Q4 from 23.6 percent in Q3. The number of “long-term” (more than 1 year

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