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Tsipras seeking repeat of full support from coalition MPs in upcoming bailout vote
PoliticsGreek Politicsbillion euros (1 percent of GDP) in mostly indirect tax rises, the framework for the sale of non... for further interventions of up to 2 percent of GDP. The Finance Ministry revealed on Tuesday...-bill through. If he is able to secure the total support of the government’s MPs, though
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Newsletter 75 - 27/05/2016
programme review. The bill included parametric fiscal measures yielding 1 percent of GDP by 2018, opened... to the reduction in FSM loans by 1.42 billion. Where now 10.3 bln tranche? From the total amount... will be used for the clearance of arrears. 2 Paddling with a wooden spoon Tsipras may have missed his best
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Deal for Hellenikon sealed; gov't sees improved terms, economic boost ahead
Economyby Lamda. According to HRADF, Lamda Development accepted to undertake total investments of 8 billion euros, 2 billion higher than the 6 billion envisaged in the initial agreement. In addition, 80 percent... expected to result in an incremental rise of 1 million tourists per annum, Lamda Development said
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBanking, bringing total inflows to around 1.7 billion since June. The phased-in Common Equity Tier 1 (Tier1) ratio... (+19 percent). Operating expenses fell by 2 percent QoQ to 322 million, mainly reflecting reduced
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesand issuer limits of 33 percent each and the 1 to 30-year range of residual maturity applied to the universe of eligible assets. The maturity range was initially set between 2 to 30 years... billion for ECB expanded asset purchase programme (APP), also taking into account that 90 percent of total
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Budget primary surplus outperforms in 2-month, tax revenues underperform in Feb
EconomyMacroeconomyincome tax (-79 million). Indirect taxes declined by 2 percent in February, but rebounded by 6.2... burden each year. The 2-month figure stood at 1.7 billion, down 1 percent from last year, while was slightly higher (30 million) than target. Overall, total expenditure fell by 4.8 percent to 7.74
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Newsletter 113 - 31/03/2017
from 2020 but the IMF appears to want the measure, worth 1 percent of GDP, to be implemented in one... obligations. The minimum amount of total debt that could be included in the workout stands at 20,000... in the course of 2016 is expected to continue this year, albeit at a slower pace. 2 Deposit outflows continue
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Primary cash balance turns to 295 mln deficit in Q1
EconomyMacroeconomyof 524 million last year. This includes revenues of almost 2 billion, related to National Bank (NBG... billion to 12.91 billion. When stripping out arrears’ payment the rise in total expenditure stands at 773...) surplus fell to 95 million in March, while the 3-month figure plummeted by more than 1 billion to 292
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Newsletter 142 -1/12/2017
of it preventing an SLA being concluded. 2 Primary surplus at 5.33 bln in October Headline figure beats... fell by 51.4 percent to 1.33 billion, missing the target by 1 million euros. Sentiment edges up 0.1... increase on September’s figure of 1.88 billion. Total deposits – which also include the general
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Retail sales rise by 2.2 pct in December, average growth of 1.7 pct in 2017
EconomyMacroeconomyby the European Commission showed that consumer confidence dipped by 2 points to stand at -53 points. Retail trade picked up to a positive reading of 2.8, representing an improvement of 1 point... estimated to reach 4.09 billion euros, from 4.03 billion in 2016. Overall in 2017, total retail
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