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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBanking, which is slightly lower than that recorded in Q2 (293.9 million) and Q1 (296 million). Net interest... cost more than offsetting the increased wholesale funding cost, particularly in Q2, due to the higher... of 1.84 billion euros in Q2, which is more than four times above the Q1 figure of 455 million on the back
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Newsletter 50 - 06/11/2015
that Athens has received less than 6 million euros this year to tackle the refugee crisis... than half a million young, well-educated citizens through outward migration. Portugal and Greece... five years more than half a million young, well-educated citizens through outward migration due
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Greek economy surprises in Q3, eases by a marginal 0.5 pct
EconomyMacroeconomythe first negative reading since Q4 2014 and markedly better than market polls indicated. ELSTAT said.... The drop in Q3 was the first negative reading since Q1 2014. The drop rate in Q3 is also much better than... decreased 1.8 percent after increasing by 0.4 percent in Q2. Following the better-than-expected Q3
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Gov't submits multi-bill to pave way for next bailout tranches
EconomyProgrammeimpact on Kino revenues could reach 10-25 percent, resulting in lower than anticipated revenues... income which is 70 percent higher than those in the first tier. In absolute terms this corresponds... is lower than the price upon the purchase of the property. Other items The omnibus bill also sets
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General gov't primary cash surplus widens notably to 4.84 bln by October
EconomyMacroeconomy. The state budget primary surplus more than doubled to 4.45 billion euros in the 10-month period, from 2... revenues fell 8.3 percent to 27.74 billion euros, more than offsetting a cut in expenditure by 6.2..., and account for more than 10 percent of total. The remaining arrears relate to local governments
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Regling and Wieser: The key points
Agoramore money than the IMF could do, with much better terms: longer maturities and much lower interest.... When you look at the fiscal deficit, it was higher in Greece than in Ireland and Portugal. When you... weaker than we thought. What needed to be fixed took longer because the implementation capacity
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Addressing some misconceptions about Greek budget revenues and unpaid taxes
Agorasimilar, pointing to another year of weaker than anticipated revenue collection. However, a closer look.... Of this, 46.6 billion- or more than 60 percent - had been created over the previous five years. Based on the same figures, more than 3.7 million taxpayers (3.33 million of which were individuals) owed less
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One year of SYRIZA
Agorafor longer than the US was decades ago, the message from those drafting the adjustment programme..., if not more so, than previous agreements. SYRIZA was right to challenge the logic of the bailout... then will SYRIZA have a chance of being remembered for anything other than being the instigator of Greece’s
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Greek pensions: The unsolvable equation
Agorasecurity contributions, one of the key funding pillars of the system, which were more than 22... than a quarter and the majority of sector wage agreements that tracked the minimum wage then followed... dropping from more than 13 billion euros in 2009 to an estimated 10 billion in 2016. Contributions
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Q4 GDP contracts 0.6 pct QoQ, recession of 0.7 pct in 2015
EconomyMacroeconomy, which was downward revised. The YoY GDP contraction in Q4 was deeper than market polls estimating... to the persisting deflation of 1.7 percent in 2015. The real GDP contraction in 2015 is higher than... for a 2.3 percent recession, is largely attributed to better than expected private consumption and tourism
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