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Scandals, shifting polls and strategic anxiety make for unsettled political summer
PoliticsGreek PoliticsAsimakopoulou and former Interior Ministry secretary‑general Michalis Stavrianoudakis, for the leak of 25,500
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EU report shows Greece entering new era of extreme ageing and population decline
Society, with population decline concentrated heavily in rural regions and the interior. While some coastal areas
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Greece's imminent funding problems: All the numbers you need
EconomyProgrammeby the need to rollover 4.6 billion euros of T-Bills: 1.4 billion of 6-month T-Bills on March 6... in total to the IMF in four tranches on March 6, 13, 16 and 20. IMF repayments bring increased... million depending on the fortunes of the 6 month T-bill issue this week. Searching for funds
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SYRIZA facing more departures as party's position continues to weaken
PoliticsGreek Politicsto former labour minister Efi Achtsioglou and her associates, who make up the so-called “6+6... continue being part of the grouping under the leadership of Stefanos Kasselakis. Although the “6+6
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How SYRIZA says it will fund its economic policies
Economypillar, 3 billion to employment and 1.86 billion to humanitarian crisis. SYRIZA claims... buffer, which currently stands north of 11 billion euros. SYRIZA anticipates that 3 billion euros... and fuel smuggling. Estimated revenues are seen at 3 billion euros from the first year, yet SYRIZA
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Newsletter 29 - 05/06/2015
lenders are demanding new fiscal measures of around 3 billion, which is markedly higher than the 1–1.5... surplus targets to 1 percent of GDP for 2015, 2 percent in 2016, 3 percent in 2017 and 3.5 percent... on the previous coalition government) of 3 percent for 2015, 4.5 percent for 2016 and 2017 and 4.2 percent
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BoG sees ample capital space for banks to sell bad loans
EconomyBankingfor the sale starts at 3 percent of the portfolio’s nominal value, up to 20 percent. This is measured... portfolio in scope at 3 percent of nominal value and still maintain a CET1 of 16.8 percent. Similarly, in scenarios 2 and 3, Greek lenders can sell more than 75 percent of portfolios in scope, i.e. 27.1
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Macroeconomic fundamentals for Greece
Agoraof the labor force. Figure 3 indicates the assumption that the unemployment rate can fall further... 175 percent of GDP; a fiscal balance of around minus 3 percent; the interest bill around 2½ percent, and the primary balance around minus ½ percent of GDP (Table 3). This would reflect a notable
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National Bank follows other Greek lenders' by opting for capital increase
EconomyBankingwas the only Greek bank initially stressing on March 6 – the day Bank of Greece (BoG) disclosed Greek... that the book-building process will start on May 6, a few days before the EGM, and the issue price... at a fixed rate coupon of 5 percent and was 6 times oversubscribed.
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How Greek banks moved into a new era
Agorahas benefitted from its Turkish subsidiary (Finansbank) having an NPL ratio of just 6 percent... increase, Piraeus shares saw a modest increase of 6 percent, while Eurobank and National shares have... 6 percent. Following the injection of 8.3 billion euros of fresh capital in the past two months
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