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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomyBank of Greece's (BoG) financial statement showed. As of the latest month, the total for central.... Compared to May 2018, Eurosystem funding declined by a total of 12.80 billion euros. This stems largely... so far, Eurosystem funding has declined by 3 billion euros, reflecting a fall of 2.06 billion euros
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Central government debt increases by 5.81 bln to 361.83 bln in Q1
EconomyMacroeconomythe majority of total loans, accounting for 68.8 percent. The value of FSM loans came to 249.03 billion... to 58.09 billion, representing 16.1 percent of the debt. T-Bills came to 11 billion and made up 3 percent of the total. Repos increased to 33.83 billion, representing 9.4 percent of the total
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Newsletter 254 -19/06/2020
proprietors (18 percent). A breakdown revealed that in Q1, the total for loans serviced by CSFs came to 30.82...-on-quarter (QoQ). Out of the total, corporate loans came to 8.85 billion, rising by 38.3 percent QoQ. Out.... The jobless rate has declined by 3 percentage points (pps) from the Q1 2019 figure of 19.2 percent
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Unpaid taxes keep rising, tax audits short of targets
EconomyMacroeconomytemporary audits correspond to 73.9 percent of total. The full target is set at 65 percent, implying... tax debt of 1 billion by the end of June. The same target of 1 billion has also been set.... The outcome of tax audits on high wealth individuals showed collected taxes at 40.5 percent of total
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Gov't submits multi-bill to pave way for next bailout tranches
EconomyProgrammethe emergency procedure in Parliament on Tuesday evening the omnibus bill with the last set of pending... (betting) making up 49.7 and 40 percent of total revenues respectively. Market sources stress... for each child. According to the Finance Ministry, the income threshold was set at 8,180 euros
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Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
Agorabillion euros. This was set as the bank’s total capital needs excluding the 83 million euros... of their bookbuilding process. Alpha said on Thursday it successfully raised a total of 2.56 billion euros from... announced the offer price for both transactions, which was set by its BoD at 0.04 euros per share
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Opening the electricity market and possible introduction of "Small PPC" as part of bailout review
Legalauctions are not able to render effective results as regards the objective set by article 143 of Law... the NOME auctions fail to fulfill the objectives set by the memorandum. The institutions insist... in September, gradually to sell a final of 46 percent of the total production of electricity by 2019
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ND doubles down on tax as leaders target weak spots on electoral map
PoliticsGreek Politicsare set to continue their campaign visits, each hoping to boost their support in districts where... the weekend, as the conservatives set out to defend their policy on consumption taxes over social media.... Theocharis suggested that the government’s “market pass” vouchers, which had a total value of 600 million
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Labour market reforms did exactly what they were supposed to
Agoraabove Portugal’s and 17 percent higher than the minimum wage in Spain. By 2009, total exports were... moderation and led to higher prices. The wage-bargaining processes set relatively high minimum wage... allow local pay agreements to set wage growth below sectoral agreements and introduce variable pay
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Greek leaders' contrasting visions all a blur
Agoraforth from SYRIZA, New Democracy and their supporters, the party’s two leaders have set out... be a shame under any circumstances, but especially as Greek leaders have started to set out plans... reportedly told investors in London that the total fiscal space over the next four years will amount to 3.5
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