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Newsletter 262 -04/09/2020
in the local media, the government is aiming to spend 1 to 1.5 billion euros on arms and equipment... 10-year benchmark yield from below 1 pct to close to 4 pct in mid-March, until the ECB announced... the period hovering around 1 pct. On Wednesday, Greece drew 2.5 billion euros with a re-offer yield
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Central government debt increases by 1.99 bln to 364.86 bln in Q3
EconomyMacroeconomy(+85.4 million). An increase of less than 1 million was seen in BoG loans. Declines were seen... made up 76.3 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years
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Eurobank net results show loss of 1.08 bln in 9M
EconomyBanking2019. P&L NII fell by 1 percent YoY to 1.02 billion in 9M, and fell by 5.2 percent QoQ to 331... period from 87.3 percent in 9M 2019. Capital The phased-in Common Equity Tier 1 (CET1) ratio came to 13.2 percent in 9M. The fully-loaded Basel III CET 1 ratio reached 11.2 percent in 9M from 14.1 percent
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Athens angling for tougher EU stance on Turkey ahead of summit
PoliticsForeign Policyshould begin immediately. This view was reiterated on December 1, when Foreign Ministry spokesman Hami... on December 1. Government sources say that the two men assessed the current situation. Paris has recently... ministers on December 1. He accused Ankara of stoking tensions with fellow allies in the Mediterranean
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Labour market developments in Greece during Covid-19
Agoraas possible. Let us look at unemployment in more detail. What do the numbers from ELSTAT tell us? Figure 1... the pandemic (e.g., SURE)[1] have sought to alleviate the impact on the labour market. Recommendation... Back to Debt Sustainability" published in 2020. Jens Bastian is senior policy advisor at ELIAMEP. [1
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Turkey: Multiple policy challenges from all directions
Agorarolling average of new cases is now over 53,000; it was around 9,300 on 1 March when the government... recorded in the country. The number of deaths has also risen sharply, by almost 50% since 1 April.... Earlier this week, Moscow decided to restrict flights to and from Turkey from 15 April to 1 June
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Common ground absent after latest round of Cyprus discussions
PoliticsForeign Policyof the island's 1960 independence, plus the UN. The new 5+1 meeting ended with no result and with the two... of the summer to hold another informal 5+1 meeting. Many already believe that a “make or break” conclusion..., and any solution should clarify issues related to autonomy in the decision-making process. The 5+1
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Eurobank posts Q1 net profit of 70 mln
EconomyBankingin interbank repos to 200 million. Deposits increased by a further 1 billion euros in Q1 to reach 48.3 billion euros. New loan disbursements exceeded 1 billion in Q1. Capital The Common Equity Tier 1 (CET1
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NBG increases profits in H1 as it progresses with NPE clean up
EconomyBankingin default and early default clients, more than 30 days past due, stand at just 1 pct. The bank intends... Net interest income (ΝΙΙ) rose 7 percent YoY to 591 million, also rising by 1 pct QoQ. Net fee... of the bank’s blended funding cost to nearly zero in H1 (1 bps), compared with 19 bps in the second quarter
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New cabinet meets with focus on fire fallout, policy roadmap
PoliticsGreek Politics. As of September 1, they have been suspended from work but the new minister said he is willing... 1. Plevris, who is already facing scepticism because of extreme views he has expressed on issues... for the supplementary pensions of new entrants into the jobs market from January 1. A new state body
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