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Bank stress tests find no capital needs, clearing path for MoU exit
EconomyBankingnext year and marginally grow by 0.2 percent in 2020, a total deviation assumption of 10 percentage points. The Greek lenders started the exercise with Common Equity Tier 1 (CET1) ratios of 18.25... of the phase-out of the preference shares subscribed by the Greek state which were converted to Tier 2
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High expectations and landmarks on road to privatisations in 2018
EconomyProgrammeof 2 billion euros this year and another 1 billion next year. Reaching this year’s goal will require... of a financial closing by this December, which has a total cash consideration that exceeds 900 million
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Newsletter 171 -20/07/2018
the government who feel that Tsipras should not countenance holding elections in 2019 if the 1 percent... for environmental activities. 2 Budget primary surplus at 617 mln in June Headline figure driven by lower... by 1.58 billion euros to 21.91 billion euros against last year’s total of 20.34 billion. Compared
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Primary cash surplus up to 16.76 bln in Aug on improved revenues and cash buffer disbursement
EconomyMacroeconomymillion euros or just under 2 percent in August compared to the same month last year. Monthly... euros against last year’s total of 29.04 billion. Year-on-year, expenditure for the month rose by 861... over 1 billion euros for the first eight months of the year. On a monthly basis, when discounting
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Moody's explains cautious approach to Greek credit rating upgrade
Economyby 2 percent this year and accelerating mildly to 2.2 percent in 2019. The total fiscal balance is seen... with official creditors on the need for additional pension cuts of 1 percent of GDP in 2019, which
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Newsletter 181 -2/11/2018
for the contributions to be reduced by a third. They will fall from 20 percent to 13.3 percent as of January 1... show uneven levels of progress, or in some cases an undoing of positive steps. 2 Disposable income... contributions and other current transfers. Employees’ total remuneration grew by 3.4 percent and stood
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DESFA transfer complete as HRADF heads for record year in privatisation revenues
EconomyFeaturesreceipts of over 2 billion euros for the year, marking the first time since its inception in 2011... 1.1 billion euros. In total, 2.09 billion in revenues are expected to have been collected by the HRADF... revenues were secured. For 2019, the revenue target is set at 1 billion euros.
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Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
Economyin the labour market are starting to be reflected in strong employment growth, which has been running at 2... Katseli law) are ongoing. Continued delay could put the euro area's promised transfer of close to 1... will provide a sizeable cushion against amortizations of medium and long-term debt of a total of 22
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Athens gearing up for new bond issue amid favourable market conditions
EconomyProgramme, which also led to the activation of almost 1 billion euros in debt relief measures, has paved the way... suggesting that a move could be made as early as this week. The options of a 3- or 7-year issue worth 2... has already around 70 percent of the total 7 billion euros that Greece is in line to tap the markets
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Newsletter 204 -03/05/2019
. Total debt has now remained above the 100-billion mark for over a year. Based on a GDP estimation... recovery strengthens. 2 PMI rises to 56.6 in April Headline figure hits 19-year high as sentiment... points for three consecutive months so far. Greece’s economic sentiment (ESI) fell by 1 point in April
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