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Newsletter 32 - 26/06/2015
zero. Instead, the Greek government proposes to increase both to 5 percent. Moreover, Greece... assistance (ELA), which reached a total of 77.58 billion euros at the end of May – the highest it has been since December 2012. ELA reached a total of 77.58 billion euros at the end of May. May saw
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Referendum call finds Greek banks teetering on the edge
EconomyAlexis Tsipras's televised address announcing in which he proposed a referendum for Sunday, July 5... management at the BoG) are included the total amount of outflows reached 40.7 billion by the end... their recapitalization back in 2013, Greek banks total Eurosystem funding reached 116.4 billion at the end of May
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MPs vote for referendum amid growing uncertainty about euro membership
PoliticsGreek PoliticsPrime Minister Alexis Tsipras’s proposal for a referendum to be held this coming Sunday (July 5... for a referendum was supported by coalition MPs but also by Golden Dawn, gaining a total of 178 votes. New Democracy, To Potami, PASOK and the Communist Party voted against for a total of 120. Two MPs were
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Primary surplus 3.1 bln above target in H1 on severe underspend
EconomyMacroeconomyof the full year (FY) target. Overall, the actual figure of total grants to social security sector... with many children (at 24 percent) 5) Grant to the Intergenerational Solidarity Fund (AKAGE) (at zero... target of 3.37 billion. As a result, the overall figure for total expenditure was contained by 6.7
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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomyinto account total grants to the social security sector (SSS) the situation is more worrying since... of the annual target of 650 million) 5) Grant to the Intergenerational Solidarity Fund (AKAGE) (at zero versus... above target. Overall, total expenditure decreased by 6.3 percent in the 7-month period to 26.52
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Greek stocks slide by 1.6 pct over week on bank correction
EconomyAlpha Bank announced on Wednesday a bond swap offer for a total outstanding amount of 1.09 billion... proceeded to a bond exchange offer into shares on Thursday for a total consideration of 877 million..., OTE and Titan Cement have scheduled to release their 9-month results on November 5.
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Newsletter 50 - 06/11/2015
cases are have already begun, by Alpha (for a total of 1.09 billion outstanding bonds), Eurobank (877... from equity investors to fully cover the total amount of capital needs, thus eliminating the need... be trimmed to around 5 billion, one-fifth of the financial envelope of 25 billion envisaged by the EU
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Progress in bailout talks but foreclosures and NPL management stand in way of agreement
EconomyProgrammeon the government’s proposal to cover a total of around 58-60 percent of indebted households so... but the idea of using the homeowner’s total debt seems to be off the table. On the management of NPLs... inconclusive meeting between the Greek authorities and the institutions ended at 5 am on Monday and a new
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Gov't submits multi-bill to pave way for next bailout tranches
EconomyProgramme(betting) making up 49.7 and 40 percent of total revenues respectively. Market sources stress... with a total amount of 100 million euros. The second tier protection includes households that have an annual..., which could be extended by another year. Until now this tenure was fixed at 5 years. On the scheme
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Coalition considers options for addressing pension system sustainability
EconomyProgrammeup 28 percent of total from 16 percent in 2009. In addition, the ratio of insured persons over... Security Contributions will be calculated on the insured salary or income. 5) Consolidation of all... the incorporation of supplementary funds into main pensions with the aim to secure a higher total pension
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