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IMF maintains cautious view on public finances, sees debt declining slowly
EconomyMacroeconomya 10.5 pct total deficit last year. In the coming years, the deficit is expected to drop to 4.3 pct... turning into a small surplus of 0.2 pct in 2023, 0.6 pct in 2024, 1 pct in 2025 and 1.5 pct of GDP... climbing to 2 pct of GDP in 2023, 2.8 pct in 2024 and 3.7 pct of GDP in 2025. The Greek authorities see
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Bumper results for banks add to frustration over interest rates, fees
EconomyBanking, with strong profitability and building on last year’s performance that allowed them to distribute total.... This was a jump that ranged from 40 to 65 pct year-on-year. In H1, total NII topped 4 billion euros, indicating... pct in August last year. In the eurozone, the average spread does not exceed 2 pct. Greek banks
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Debt position a bulwark against global turbulence
EconomyMacroeconomyof the US 10-year Treasury has increased by 1 percentage point since October, currently standing at 4.7..., with the German Bund at 2.6 pct, from roughly 2 pct at the start of December and the French 10-year benchmark... the yield curve and their small size poses limited risks. Greece’s total funding needs for the year
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Piraeus reports 1.24 bln euros profit for 2024, commissions income at 636 mln
EconomyBankingeuros in 2024, while net fee income was 636 million euros, from 2 billion and 547 million euros.... Total operating expenses stood at 823 million euros, from 793 million euros a year ago. Reported pre..., unchanged from 2023. Eurosystem funding was fully repaid, with the last 1 billion euros payment
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Newsletter 455 - 14/03/2025
tapped the markets for 2 billion euros for the 15-year and 1 billion euros for the 30-year issue.... This is the largest orderbook on record for any syndicated issue by Greece, attracting a total of 430... and the total of 7 billion euros essentially completes the entire debt strategy for the year, which
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BoG cautiously optimistic on economy and banking sector
Economy. Capital ratios also remained solid: the Common Equity Tier 1 stood at 15.8 pct and total capital at 20.4... and a healthier financial sector. Economic activity expanded by around 2 pct in the first half of 2025...-rating upgrades. Non-performing loans fell to 3.6 pct of total lending, the lowest since Greece
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgrammepercent discount on VAT rates applied to islands will start from October 1 for islands with higher... 1, 2016. Tax measures The tax rate on insurance fees increases to 25 percent (from 20 percent... for higher income it increases. In specific, for annual income: 1) Between 12,000 and 20,000 euros
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Macroeconomic fundamentals for Greece
Agora(2020-2029)? Demographics. To answer this question, let us start with Figure 1. Data are from the UN’s most.... Figure 2 shows that these efforts are yielding some success. The number of inactive people... with Figure 2 above, the participation rate is assumed to increase from around 51 percent of the WAP
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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyperiod, which falls to 2 percent of GDP thereafter. The BoG suggests a third scenario (option 1... relief in the form of smoothing interest payment for EFSF loans coupled with a primary surplus of 2... primary surplus of 2 percent after 2018, extension of all eurozone loan maturities by 20 years
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The allocation of labor resources in Greece and the EU-27
Agoradestruction.”[1] The public sector never goes out of business, no matter how inefficient it is. If it runs... then plotted an index (2001-Q1=100) for employment in the public and private sectors. Figure 1... employment has grown or declined in the public and private sectors since early 2001. From figure 1
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