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Greece passes latest omnibus bill, looks to next actions ahead
EconomyProgramme-tranche of 2 billion euros was voted through the Greek Parliament on Thursday evening. The bill... to disburse the 2 billion euros on Monday. As we indicated on Thursday, a series of pending issues... of non-performing loans for both corporate and households. 2) An overhaul of the pension system
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankinginterest income (NII) fell 2 percent quarter on quarter (QoQ) to 738 million mostly due to negative FX... of the Eurosystem funding by 2 billion euros QoQ fully attributed to lower Emergency Liquidity Assistance... of the Finansbank sale is not expected within 2015, the bank would seek state aid of 2 billion, 0.5 billion
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Newsletter 51 - 12/11/2015
already clarified it would also seek state aid of 2 billion to cover its total capital shortfall... for the 2 billion, plus 10 billion for the banks, to be released. Those pending matters consist.... The first negative reading since last year, the Q3 figure was better than predicted. 2 A valuable
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Gov't submits multi-bill to pave way for next bailout tranches
EconomyProgrammethe tenure of the first General Secretary for Public Revenues (after the voting of the bill) at 2 years... to convene on Friday to approve the disbursement of the next sub-tranche of 2 billion as well... is reportedly expected to convene on Monday to formally approve the disbursement of the 2 plus 10
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Newsletter 55 - 12/12/2015
2016, which he set at around 3 billion, a higher figure than the 2016 budget target of 2 billion. In their last debt sustainability analysis last summer, the IMF foresaw privatization revenues of 2... percent). The low reading is largely due to a decline in housing and transport prices. 2 A love
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economypercent of total loans 2) Government has committed to increase public savings meaning... imposed in 2012. Primary surplus is expected to improve close to 2 percent by 2019, yet it would remain..., assuming optimistic nominal GDP growth of 5 percent, primary surplus of 2 percent and current borrowing
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammecuts imposed in 2012 that would create a fiscal gap up to 2 percent of GDP (3.7 billion euros) and the huge stock of pending pensions, which have an estimated cost in excess of 2 billion. Non... sub-tranches of 2 and 1 billion were disbursed on November 23 and December 22 after
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Newsletter 78 - 17/06/2016
if the primary surplus target of 3.5 percent is reduced to 2 percent after 2018, Greece’s debt is BoG concludes that even if primary surplus target of 3.5 percent is reduced to 2 percent after 2018... target. 2 The chill of post-truth politics Crude Brexit debate is reminiscent of Grexit referendum
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S&P affirms Greece’s rating with stable outlook
Economyand cumulative privatisation proceeds of 2 percent of GDP in the next four years. Under optimistic assumptions... below 2 percent, the rating agency stresses it will take another 17 years before the Greek debt ratio... growth of 2 percent in 2017, 2.5 percent in 2018 and 3 percent in 2019. On the banking sector, the rating
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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomyexpenditure coming in 2 billion lower than target, while revenues beat target by 640 million. The monthly... lower than the target. Indirect taxes rebounded 11.2 percent to 2 billion in August, outperforming... billion, 2 billion lower than the target. According to the breakdown, salaries and pensions dropped
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