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Newsletter 97 - 25/11/2016
and 2018. In specific, the primary surplus is estimated to reach 1.09 percent of GDP this year and 2... this year and 2 percent next year. limited and will thus constrain credit expansion and banks’ revenue.... 2 A rude awakening Once ardent Europhiles, polls suggest Greeks have fallen out of love with the EU
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingrespectively. Unlike NPEs, the domestic NPL formation increased to 188 million in Q3, from just 2 million in Q2... are estimated at around 2 billion each. Since NPEs have decreased by 1.9 billion year to date... million hit from lower interest rates on reserves. On the cost front, operating expenses declined by 2
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Newsletter 100 - 16/12/2016
that it is not willing to countenance the idea of adopting further measures to close the 2 percentage point fiscal gap... in Berlin on Friday with the impression that the IMF’s demands for another 2 percentage point... conducive to a convergence between both sides. 2 Budget primary surplus surges Primary expenditure
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Newsletter 103 - 20/01/2017
on TrainOSE’s debt to OSE, amounting to more than 700 million, is pending. 2 Budget primary surplus almost... in industry rebounded by 2 percent in November after an upward revised drop of 2.9 percent in October... recorded in consumer non-durables (+5.2 percent) and intermediate goods (+2 percent). On the flipside
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Newsletter 107 - 17/02/2017
adopting in its winter forecasts the Greek outlook for a 2016 primary surplus of (at least) 2 percent... the Fund before these dates. The IMF believes that Greece has to adopt 2 percent of GDP (or 3.6 billion... in 2018”. 2 GDP slips in last quarter of 2016 Headline figure indicates the first negative reading since
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Gains of 2.5 pct for stocks this week amid subdued trading volumes
EconomyTelecom – OTE (-2.3 percent) and Folli-Follie (-2 percent). The trading activity remained muted... profits to 343.3 million, while net sales fell by 2 percent to 6.21 billion. The Board of Directors proposes a dividend of 0.44 euros per share implying a dividend yield of 2 percent. Piraeus Port
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Newsletter 114 - 07/04/2017
, the interventions lined up for 2020 will be moved forward by a year so that all 2 percent of GDP in new... of the Independent Authority for Public Revenue (IAPR). The figures showed that 2 percent of the total tax debt..., liquidations and loan sales was rather limited, the BoG said. 2 Unemployment rate remains stable At 4.76
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IMF revises fiscal estimates upward, sees debt ratio at 162.8 pct in 2022
EconomyMacroeconomypercent of GDP (from 0.7 percent before) and for 2018 to 2 percent (from 1.6 percent). However... thereafter to -1.5 percent of GDP in 2019, to -1.7 percent in 2020, to -2 percent in 2021 and further.... The IMF also upgraded its debt ratio forecasts by 2 to 4 percentage points until 2022. Specifically
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Deposit interest rates largely unchanged in April, average loan rate increases
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 2 basis points (bps) to 0.68 percent in April... area average rate of 0.42 percent. Taking into account a slight drop of 2 bps in the corporate... (mostly credit cards) edged down by 2 bps to 14.52 percent. Moreover, the housing loan rate fell by 7
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Greece secures next bailout tranche, moves towards deal with lenders
PoliticsGreek Politicseuros of debt repayments to make in July, this would leave close to 2 billion euros...” and whether Greece would have to maintain a primary surplus of “at least” 2 percent of GDP between 2023 and 2060 or an “average” surplus of 2 percent during this period. Dijsselbloem’s comment regarding
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