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The Court of Audit's opinion on new pension cuts and its implications
LegalAccording to article 73(2) of the Greek Constitution: “Bills referring to the definite attribution..., or to the recognition of service for the provision of a pension right according to article 73(2), as well... the compatibility of the cut in question with the articles 2 (1), 5 (1) and 25 (1) of the Greek Constitution which
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Newsletter 155 -16/03/2018
. Greece went to the market for an amount of 625 million euros and it received bids for just below 2... of his own money in PAOK and Thessaloniki. 2 Unemployment rate falls to 21.5 pct in 2017 Non... comes to 2 percent, reversing negative reading The seasonally adjusted (SA) Wages Index rose by 2
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MTFS outlines ambitious economic and fiscal road for next four years
EconomyProgrammebalance. According to the finance ministry, Greece will grow by 2 percent in 2018, lower than its... organisations. Growth will pick up to 2.4 percent in 2019 and remain above 2 percent before dropping to 1.8... surplus by 2022, reaching 2 percent of GDP, or 4.15 billion, which is around five times the outcome
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S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
EconomyBankingsees Greece growing by 2 percent in 2018, lower than its last official estimate of 2.3 percent... in 2019 and remain above 2 percent before dropping to 1.8 percent in 2022. All estimates are marginally... forecasts growth of 2 percent in 2018 and 2.2 percent in 2019. Fitch sees growth of 2.1 percent
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GDP growth slows to 0.2 pct QoQ in Q2 due to lower investment, higher imports
EconomyMacroeconomyspend dropped significantly by 2 percent YoY. This brought final consumption to an increase of 0.5... published in July stands by its revised estimate for 2018 growth from 2.6 percent previously to 2 percent... and Development (OECD) sees economic growth of 2 percent this year and 2.3 percent in 2019. Over
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Newsletter 182 -9/11/2018
that is in scope for the purpose of this forecast, Greece is expected to grow by 2 percent in 2018, slightly higher from the 1.9 percent previously. Growth next year is seen at 2 percent, from 2.3 percent... return back to 2.3 percent growth. Growth for 2020 is also seen at 2 percent. Both private
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Newsletter 193 -08/02/2018
almost 1.3 billion euros in 2018, around 2 billion euros remained unpaid at the end of December... the previous estimates in Autumn. The Commission sees 2018 growth settling at 2 percent as a result... growth is estimated to reach 2.2 percent in 2019 and 2.3 percent in 2020, compared to an estimate of 2
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Newsletter 217 -02/08/2019
. The coverage of the early July issue was 1.61 times with total offers exceeding 2 billion euros... on the state budget. 2 Economic sentiment hits 105.3 pts in July Consumer confidence rises to highest level... both new and legacy debt, stands at 104.73 billion. Retail turnover falls by 2 pct in May Volume
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBanking, representing a rise of 2 percent year-on-year (YoY). Asset quality NPEs fell by around 800 million euros..., unchanged QoQ and representing a rise of 2 percent year-on-year (YoY). Management noted... to 44.7 billion, a rise of 2 percent. On an annual basis, domestic deposits increased by 7 percent
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Overall loan interest rate edges up to 4.68 pct in August
EconomyMacroeconomyweighted average interest rate on all existing loans stood at 4.09 percent, down by 2 bps while... loans and overdrafts, dropped by 2 bps to 14.32 percent. The average interest rate on consumer loans with a defined maturity at a floating rate fell by 2 bps to 10.39 percent. In addition, the average
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