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Greece changes banks' DTA conversion law to secure ECB/EBA approval
Economy(annual) profit loss. For example, if a bank has a capital of 10 billion, of which DTC is 2 billion (20... of DTA conversion to DTC (north of 2 billion euros for the four systemic Greek banks
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Newsletter 1 31/10/2014
surplus (2 billion euros) under the dynamic adverse model. Eurobank’s minimal shortfall of 18 million... improved by more than 12 points. Economic sentiment peaked at 104.1 in June. 2 Banks still face
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Greek deposit and loan rates slide in September
EconomyMacroeconomydeposit rate led the average rate on new deposits slightly lower by 2 bps to 1.32 percent in September... 3 and 2 percentage points respectively above the average euro area rates. In the other key household
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Greek deflation shoots up to 1.7 pct in October
EconomyMacroeconomyin 2014 after the -2 percent posted in May. On a monthly basis, CPI fell 0.9 percent compared..., alcoholic beverages and tobacco, displayed an increase (+2 percent). On the flipside, the highest drop
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The politics of debt dynamics in Greece
Agorapercent.[2] Despite these favourable parameters, there are also serious doubts about Greece’s capacity... in the second quarter of 2016. [2] The Greek government’s 2014 debt projections are included
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Troika and Greece in stalemate over budget targets, prior actions as time ticks away
EconomyProgrammeits fiscal gap projection to less than 2 billion euros. Although Parliament voted an amendment... the 2 percent included in the draft budget published on October 7, but above the Medium-Term Fiscal
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomy(1.8 percent of GDP), lower than the 2 percent incorporated in the draft budget and the 2.3 percent... in negative territory (-2 percent). Unemployment is seen easing by 0.7 percentage points (pp) in 2014
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomyin the implementation of pending structural reforms that could undermine investor sentiment, 2) the very...: 1) more credit from the banking sector following the recapitalization, 2) better export performance
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Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
EconomyMacroeconomypercent. Similarly, the consumption tax to GDP ratio reached 11.8 percent in 2012, almost 2 pp above... the OECD average of 6.6 percent. However, their contribution to total taxation slipped by 2 pp to 21.2
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Newsletter 7 - 12/12/2014
. Local media reported the Bank of Greece would retain 2 billion as a precautionary capital reserve... primary surplus figure exceeded its target by 658 million. 2 One last evasive manoeuvre Antonis
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