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Overall loan interest edged up to 4.36 pct in January
EconomyMacroeconomycorporations rose by 2 percentage points to 4.36 percent in January from 4.34 percent in December, data... interest rate on all existing loans dropped by 2 bps to 3.97 percent. The spread between existing loan... rose by 2 bps to 14.62 percent. The average interest rate on consumer loans with a defined maturity
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingof 2 percent YoY. Asset quality NPEs fell by around 1.2 billion euros in Q4, taking the stock to 24.5... billion, and Phoenix valued at 2 billion. These portfolios will be placed with the Hellenic Asset... reached 1.44 billion, a rise of 2 percent YoY. The bank’s management noted that 4.1 billion in new
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Newsletter 253 -05/06/2020
growth and is the sharpest QoQ contraction since Q3 2015, when there was a drop of 2 percent. Compared... government consumption rose by 2.3 percent QoQ and by 2 percent YoY. As mentioned, these movements led... percent is expected in 2020 compared to an estimated 2 percent GDP growth before the pandemic. GDP
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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBankingwas backed by management of the bank which decided to cancel the CoCo interest payment due on 2 December 2020. This will lead to the conversion of the 2 billion CoCo into ordinary shares of the bank... price (calculated at 6.00 euros currently). The tangible book value will rise by 2 billion euros
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Newsletter 285 - 19/02/2021
nomad/brain drain initiative is still under preparation, according to Kathimerini 2 CPI falls by 2... for the last 10 months. Greece’s Consumer Price Index (CPI) fell by 2 percent year-on-year (YoY... percent in January, less than the decrease of 2 percent in December. The harmonised index
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Newsletter 288 - 12/03/2021
fell by 0.6 percent QoQ and stood at 329.3 million euros. On an annual basis, NII fell by 2 percent... from 13.2 percent Q3, and from 16.7 percent in 2019.. 2 CPI falls by 1.3 pct YoY in February...) fell by 1.3 percent year-on-year (YoY) in February compared to a decline of 2 percent seen in January
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The allocation of labor resources in Greece and the EU-27
Agora.[2] By contrast, labour allocation in the private sector has seen quite a different trajectory... are highlighted in Figure 2. Figure 2 shows the underlying trend lines only, to avoid the up-and-down stories... Joseph Schumpeter, 1942, Capitalism, Socialism and Democracy. [2] 2020 real GDP has been depressed
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We can't ignore population shifts within the European Union
Agorawhether these differences are a cause of population movements in the EU more broadly.[2] In fact... or over 30 percent of the 2020 base. In contrast, the north-west is expected to lose 2 million people... (both books are available on Amazon.com). [2] The cycles may be changing in both countries
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Where is Odysseus? Part 1 - Demographics
Agora.[2] It would be helpful if the Greek government could also present a long-run plan to the public... population.” Figure 2 shows the comparison of working-age populations (WAP) in the book (2011... tend to define the WAP as those between the ages of 15-75. We have now included 2 further cohorts
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Where is Odysseus? Part 3 - Participation
Agora” scenario restrains the recovery of the PR to 59½ percent.[2] If Greece were to approach the EU27 level... to be in the labor force (LF). This is shown in Figure 2. The baseline scenario for the labor force.... Recall, there are two reasons: 1. Slightly higher population and, 2. Slightly bigger WAP
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