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Newsletter 51 - 12/11/2015
on the evening of November 12 and bondholders of around 1 billion of the total tendered 1.09 billion... of the LME, will be bailed-in. Overall through the LME and the bail-in, NBG has secured almost 1
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New tax arrears rise by 832 mln in Oct to total of 10.38 bln in 2015
Economyof the August figure by more than 1 billion euros to 1.67 billion from 645 million before. A smaller..., which improved to 9.5 million euros in October from just 1 million in September. As a result
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Central gov’t debt rises to 314.6 bln in Q3 on eurozone tranche and GGB redemptions
Economythe remaining 21 percent is almost equally split between short-term (up to 1 year) and medium-term (1
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Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln
EconomyMacroeconomyincome tax fell by 1 percent to 922 million. Total ENFIA revenues are targeted at 2.65 billion euros... that remain proportionally well below targets. These mainly involve: 1) Grants to Manpower
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Stock market slips 1.4 pct dragged by huge bank losses
Economy-tranche of 1 billion. The General Index of the Athens Stock Exchange landed at 649.79 on Friday, which... until December 1 to facilitate the reverse split process, while the resulting shares will resume
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Greece receives list of milestones for next bailout sub-tranche
EconomyProgrammeThe Eurogroup Working Group (EWG) reportedly agreed on Thursday evening the second list of milestones Greece has to implement in the next three weeks for the disbursement of the next sub-tranche of 1... to: 1) Preparation of a plan for the establishment of a new independent secretariat of public
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Time deposit rate slips 12 bps in Oct, average loan rate rises by 29 bps
EconomyMacroeconomychange was the rise in the interest rate on loans for amounts above 1 million by 45 bps to 5.12 percent... between 250,000 and 1 million euros. As a result, corporate lending rates in Greece stayed 250-350
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Weak banks drag Greek stocks down by 6.5 pct during week
Economyof milestones by December 11 to unlock the next sub-tranche of 1 billion euros. In the meantime... completed, while Piraeus also received the state aid of 2.7 billion on December 1. The Athens Stock Exchange
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Pension reform wrangle prompts Greece to consider going own way on contributions rise
EconomyProgramme) called for pension reform savings of 0.25 percent of GDP in 2015 and another 1 percent in 2016... in contributions could reach 2 percentage points (pp), of which 1.5 pp will burden employers (1 pp for main
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Deflation slows to 0.7 pct in Nov
EconomyMacroeconomyrepresents the lowest negative reading since August 2014 and the second successive reading below -1... with CPI seen rising by around 0.5 to 1 percent in 2016, according to the latest European Commission, OECD
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