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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
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Industrial production up again in April but at slower rate of 0.4 pct
EconomyMacroeconomythat the seasonally adjusted IPI fell 2 percent month on month (MoM) in April, after a marginal rise... released by the European Commission at the end of May displayed it improved by 2 points to -13
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Greece and lenders fail to bridge their differences in Brussels
PoliticsGreek PoliticsCommission sources suggested to the media that the two sides still have differences over 2 billion euros... demanding a primary surplus of 1 percent for 2015 and 2 percent for 2016. On the pension front
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The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammeaccount to cover debt servicing (payment to the IMF of 1.6 billion due on June 30). 2) The second... actions. The document also notes that Greece could increase funding via T-Bill issues by 2 billion
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Tsipras turns down last-minute Juncker offer, plans to stand aside if 'Yes' wins
PoliticsGreek Politics, falling from 23 percent in the previous document put forward by lenders to 13 percent). 2) Greece...” would follow a “Yes” vote. 2) If there is a win for the “Yes” campaign, the government
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammetargets for the next years: at 1 percent of GDP for 2015 (from 3 percent), 2 percent in 2016 (from 4.5 percent) and at 3 percent for 2016 and beyond (from 4.5 percent). 2) Lower privatization proceeds
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What next for Greece's revenues and spending?
Agorato Manpower Employment Agency (at 18 percent of the annual target in the 5-month period) 2) Other...-allocated expenditure (at 17.1 percent of the annual target of 1.57 billion) 2) Agricultural subsidies
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The key numbers behind the latest Greek proposals
EconomyProgrammethe corporate tax rate from 26 to 28 percent with estimated revenues at 260 million in 2016 2) Increase... revenues estimated at 200 million 2) Increase the corporate tax rate by an additional one percentage point
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Greek banks in intensive care: What lies ahead?
Agorasector acquisition meaning that parts of the bank can be sold without the consent of shareholders 2... about the banks’ solvency also linked to liquidity issues. 2) The assumptions of the ECB/SSM
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Newsletter 35 - 17/07/2015
of this amount includes: 1. Amortisation of SMP and ANFA bonds held by the Eurosystem (12.7 billion); 2... the beginning of 2014. 2 Back to business as abnormal A look at what's ahead for Greece's banking sector
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