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Greek banks brace for recapitalisation, with Piraeus initiating a bond swap offer
EconomyBankingto be covered, according to market sources. However, it remains unclear whether the total capital shortfall would be almost evenly split among the four core banks. This means that even though the total... outcome of the ongoing assessment noting that capital needs could be manageable. The comprehensive
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Trust in Greek banking system shaky, survey suggests
EconomyBankingbusinesses were aware of the possibility of spending the total amount of funds which are received from... that the new measures resulted in the total withdrawal amount across a full year being 300 euros lower... capital controls, those surveyed believed the full lifting of the measures would take around 3 to 4
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Where we stand in the Greek bank recapitalisation process
Economyby existing or new private investors under a best-case scenario. This scenario assumes total capital needs... support. Of the total of 25 billion euros earmarked for Greek bank recapitalisation, 10 billion has... exercises will determine the potential capital shortfall of Greek banks. The resulting capital needs
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When will Greek banks operate as credit institutions again?
Agorabank in Greece in terms of total assets (after National Bank of Greece) and the single largest in terms... combined total assets amounted to 99 billion euro in Q1-2013. Jens Bastian... after the recapitalisation. In addition, the capital stock of the Greek real economy remains too thin
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Newsletter 40 - 28/08/2015
December, total outflows reached 44.42 billion euros, more than 27 percent of the total deposits balance... banks issued in 2013 after the successful capital raising of 8.3 billion. At the moment, the key... the binding scenario for the calculation of capital needs will be based on the baseline or the adverse
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Unpaid social security contributions almost reach 15 bln
Macroeconomy(ETAA). From the total overdue amount provided by KEAO, 11.04 billion euros or 74 percent of the total... owing less than 15,000 euros each for an aggregate amount close to 1 billion (6.7 percent of total... percent of total). Meanwhile, 995 debtors (0.4 percent of total) owe more than 1 million each for a total
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Overdue contributions rise by 429 mln to 15.78 bln in Q1
Economyby general government entities as well as defaulted debtors. From the total overdue amount, 11.55... of 963 million (6.1 percent of total). In addition, one in four debtors owes between 15,000 and 30,000 euros each for a total amount of 1.35 billion (8.6 percent of total). On the other side
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Overdue contributions rise at accelerating pace of 615 mln in Q4, stock climbs to 17.54 bln
EconomyMacroeconomy. The released figures show that out of the total overdue stock of 17.54 billion euros, 12.62 billion (72 percent of total) involve main SSC debt and the remaining 4.92 billion surcharges and penalties... 15,000 euros each for an aggregate amount of 1.15 billion euros (6.5 percent of total). This bracket
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Overdue social security contributions climb to 22.5 bln at end of Q1
EconomyMacroeconomyQ1. The released figures show that out of the total overdue stock of 22.49 billion, more than two... and penalties. Due to the incorporation of the total unpaid contributions, the number of debtors almost... amount of 1.72 billion euros (7.7 percent of total). This bracket includes 410,238 debtors, more than
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Athens identifies drivers for growth as it draws up strategy for next years
Economythe trade balance in the region of 5.5 billion, with a negative contribution to total growth averaging... of domestic demand and close to 67 percent of total GDP, is seen growing modestly by 0.5 percent... demand and roughly 64.5 percent of total GDP. Investments are expected to make the most impressive
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