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Where Greek banks stand ahead of capital needs disclosure
Economyof the Blackrock loan diagnostic and their individual capital needs. Reports indicate that the total... Deferred Tax Asset (DTA) in the Core Tier 1 (CT1) calculation (currently at 20%), the definition... recap process. Eurobank has already initiated a capital increase process of 2 billion with anchor
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Unemployment closes 2013 with new high of 27.5 pct in last quarter
EconomyMacroeconomy) compared to 24.4 percent for males (from 23.8 percent in Q3). After slipping by almost 2 percentage... stable at 23.3 percent. In contrast, the ‘long-term’ (more than 1 year) unemployment further rose... percent of total employed. 65 percent of those working part time are forced to do so because
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C/A deficit to April narrows by 34.7 pct boosted by services
EconomyMacroeconomyfor 2014 C/A surplus from 2 percent to 1 percent. The slight increase to last year’s figure of 0.7... related to Greek banks’ capital increases with Alpha, Eurobank and Piraeus raising a total of 5.8
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What would a clean bailout exit for Greece mean in numbers?
Agorathe remaining funds available, a total of 16 billion euros. It is widely reported that Samaras’s intention... in 2015 and 2016. Servicing costs of the IMF loans come to just over 1 billion euros annually in 2015... 2022 and 2042. Up to 2015 the servicing of that debt has a 2 percent interest, increasing to 3 percent
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Unpaid taxes for September fall to 1.03 bln but up 56.5 pct so far this year
EconomyMacroeconomy(MoF) cfor legacy debt collections to reach 1 billion euros in the first half of 2014 and 2 billion... over total taxes due from those audits. In particular, collection of taxes from tax audits on high
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After ECB tests, it's back to troika review for Greek coalition
PoliticsGreek Politicsmajority for calling a strike. Currently a strike may be called if 50 percent plus 1 of present employees votes in favour. The troika would like the base to be widened to the total number of employees... has lowered its initial projection to less than 2 billion euros subject to the settlement of unpaid
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Greek jobless rate dips below 26 pct in August for first time in two years
Economy. In addition, only 108,891 or 11.2 percent of total registered receive the monthly benefit of 360 euros... percent in 2015. Although both projections point to a reduction of circa 2 percentage points in 2015, there is a 1 point deviation in the absolute figures of their forecasts for both years.
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingloss reserves - LLRs) reached 12.5 billion in Q3 corresponding to 22.6 percent of total loans up... in the right direction, while the strengthening of the balance with 2 billion provisions in Q3 facilitates... bond non-eligibility. The Basel III Common Equity Tier 1 (CET1) ratio fell to 13.4 percent in Q3
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The one question SYRIZA needs to answer
Agorafrom the EFSF, around 2 billion euros of SMP profits and 3.5 billion euros from the IMF. The fact... short of 6 billion in total interest payments, bonds held by the ECB and other eurozone national... a small cash cushion, March saw a sizeable primary deficit of just under 1 billion euros
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Q3 unemployment falls to 25.5 pct, lowest since 2012, but long-term jobless reach new high
EconomyMacroeconomyis the highest since Q4 2012. Unemployment among women dropped by almost 2 pp YoY to 29.2 percent... of 23.8 percent. The number of ‘long-term’ (more than 1 year) unemployed declined for the second... of total employed with more than two thirds of part timers indicating that they could not find a full
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