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As negotiations start, Greek coalition draws confidence from public opinion
PoliticsGreek Politics, since the elections there has been a dramatic drop in the amounts being withdrawn by Greeks... has led to some Greeks holding back payments. In his policy programme speech on Sunday, Prime..., revenues reached 49.6 billion euros, down 3.5 percent year on year, mostly due to a drop in indirect
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Newsletter 24 - 24/04/2015
in February, although the pace of the drop eased to 9.8 percent from a downward revised 15.6 percent... was lead by a drop of 9.9 percent in manufacturing turnover. February’s rate was the ninth negative... not been called into question by the SYRIZA-led government. For the Chinese operator, the objective
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Newsletter 27 - 22/05/2015
of around 2.1 billion to the IMF. Drop mainly reflects the return of 10.9 billion of EFSF bonds to the ESM in late February. Drop in industrial turnover slows The Turnover Index in Industry fell again... of in their bilateral relationship over the past two decades. This has led international investors and market
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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBanking, mainly led by a contraction of the time deposit rate by 23 bps QoQ to 1.83 percent. Note that the higher... by more than 15 percent QoQ to 46.45 billion, with the highest drop recorded by time deposits (-21.4 percent) while savings showed a modest drop by 3.3 percent. As a result, loan to deposit (LTD) ratio
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Greek stock market loses 1.8 pct in week of mixed messages, Q1 results
Economyat 825.38 points on Friday, meaning there has been a modest drop of 1.8 percent in the post-election... net profit of 11.9 million (+12.7 percent) led by a double-digit rise in sales by 11.5 percent..., despite the drop in sales by 6.6 percent to320.6 million. However, EBITDA improved 10.4 percent to 74.7
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Minor movements in Greek deposit and loan rates in April
EconomyMacroeconomyin the time deposit rate led the average rate on new deposits down by 1 bp accordingly to 1.12 percent in April. On the corporate front, the most significant development was the drop by 49 bps... in February. The slight drop in both the average deposit and loan rates resulted in a marginal decline
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Greek pensions laid bare
Agorabillion. The combined total corresponded to 9.6 percent of GDP. Despite a sharp drop of 21 percent... this period. The biggest annual drop was recorded in 2013 when the full impact of the last pension cut..., including the 500 million “social dividend” distributed by the previous coalition government led
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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomyto the outflows recorded in May. The sharp drop of total deposits by 10.67 billion in June led to a similar rise... corresponding to a sharp drop by more than 26 percent on the end-November balance of 164.3 billion. Almost
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Parliament's budget office rings alarm bell on economic prospects
EconomyMacroeconomy, the referendum call and the end of the previous bailout programme that led to the imposition of capital... from an anticipated sharp drop in consumption. In particular, based on the Q3 2014 GDP of 46.8... an immediate GDP contraction of 2.8 billion per week, or 1.5 percent drop in the annual GDP. A slower
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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankingto 356 million euros in Q3 from 111 million in Q2. This was primarily led by the Greek operations... a slighter drop by 0.9 percent to 63.3 billion. In contrast to the deposit decline, Eurosystem funding...) data for the Greek banking system showing a sharp drop of 62 bps cumulatively in July and August
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