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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammeactions by June 1, before the meeting of the ECB Governing Council on June 2, which is expected... for development and management of the total area of 6 million square meters for 99 years. Houliarakis said... banks would benefit from lower funding costs for a total liquidity amount of 6-7 billion. It is worth
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Unemployment rate edges down to 21.1 pct in Q2, lowest since Q4 2011
EconomyMacroeconomyunemployed (over 1 year) fell to 752,000 for a second straight quarter. Out of the total, long-term..., the jobless rate has declined by 2 percentage points (pp) from the Q2 2016 figure of 23.1 percent. This change was driven mostly by a fall in the number of unemployed by 95,500 to 1 million, along
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Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
EconomyBankingon the net loss of 1 million euros noted in Q4 2018. The net profits in Q1 2018 stood at 65.2..., with the NPE coverage ratio standing at 47 percent for the group. The bank listed a total of 4.7 billion euros... platform. A total of 401 auctions were carried out in Q1, with a success rate of 32 percent. P&L
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Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
Economyat a yield of 0.23 percent. The coverage of the early July issue was 1.61 times with total offers exceeding 2..., Greece could issue 26-week T-bills just short of 1 percent with the eight issues of this duration... for the 52-week T-bills, which closed 2018 with a yield of more than 1 percent, to drop under 0.5 percent
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Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
EconomyMacroeconomythe primary balance to a surplus of 1.62 billion euros, or 0.7 pct of GDP, below the goal of 1 pct of GDP and the total deficit to 4.51 billion euros, or 2 pct of GDP. Interest payments are seen 1... of GDP, or 3.58 billion euros, which is improved on the target of 2.2 pct of GDP. The total deficit
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Social support in Greece not adequate enough to deal with crisis, says OECD
Societythe attention of Greece and its lenders: 1) The major decline in household income Total household income... not reversed the 5-year-long decline in employment levels.” 2) The rise in unemployment At 49 percent... has nearly doubled since 2012 as many as 1 in 5 Greek working-age adults now live in a household
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Newsletter 20 - 20/03/2015
, this translates into an incremental cost of close to 1 billion on an annual basis, or 80 million per month... by another 8.5 billion in February, bringing the total outflows in the 3-month period to 25.5 billion.... That said, withdrawals from large accounts (above 500,000 euros) accounted for just 10 percent of total
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Referendum call finds Greek banks teetering on the edge
Economyliquidity to Greek banks as of July 1 when Greece will not be under a programme. 2) Which... management at the BoG) are included the total amount of outflows reached 40.7 billion by the end... their recapitalization back in 2013, Greek banks total Eurosystem funding reached 116.4 billion at the end of May
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Primary surplus 3.1 bln above target in H1 on severe underspend
EconomyMacroeconomypercent in June to 575 million well below the previous months’ figures ranging between 0.9 – 1... of the full year (FY) target. Overall, the actual figure of total grants to social security sector... below the FY target namely: 1) Grants to Manpower Employment Agency (at 21.3 percent of the annual
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Newsletter 37 - 31/07/2015
see Greece being on course for a primary deficit of 1 percent of GDP this year, compared to the last forecast for a 1 percent surplus. Beyond that, the various parties have to get down to discussing... and Entrepreneurship (ESEE) on the first ten days after the imposition of capital controls found total retail
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