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Greece and lenders appear close to third bailout deal, with few issues outstanding
EconomyProgrammerate applied on tax obligations above 5,000 euros from 3 to 5 percent. For lower amounts... billion euros from the new bailout to cover: 1) The redemption of the 3.2-billion-euro Greek... in September. 5) Payment of state arrears to the private sector of around 3 billion euros.
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Apartment prices fall at an accelerating pace of 6.1 pct in Q3
EconomyMacroeconomypace compared to the downward revised 5 percent drop recorded in Q2, Bank of Greece (BoG) data showed... Mechanism (SSM) of the ECB in October pointed to a drop in housing prices by 7.5 percent in 2015, 5 percent and 1 percent in 2017. These forecasts were based on the institutions’ summer projections
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Greek teachers low paid, but work shorter hours in smaller classes
Societytheir careers, rising to €25,752 at the end of service. In Greece, the report underlined, less than 5... fell by at least 5 percent between 2008 and 2013 in the same period in England, Iceland, Portugal...’s primary teachers are aged 50 and over while less than 1 percent are under 30. Only Italy had
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HFSF presents action plan on large corporate loan restructuring, says NPEs reached 103 bln in 2015
EconomyBankingon the restructuring of large corporate NPEs. The action plan is comprised of five key pillars: 1) The analysis... of the personnel expertise and setting of key performance indicators (KPIs) 5) Investigation of the capital... all segments of Greek economy, the study identified 5 sectors, namely tourism, food/beverages, health
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In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented
EconomyProgramme. The Commission’s baseline scenario (A) assumes: 1) GDP to contract 0.3 percent in 2016 and then rebound... refinancing rate of 5 percent after the end of the programme. Based on those assumptions, the debt ratio... decreasing 5 years after the end of the programme leading to an overall average primary surplus of 2
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Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets
EconomyMacroeconomyrestructuring. Only a fraction of NPE reduction is expected to result from loan sales (5 percent... and approve the banks’ strategies for NPE reduction include: 1) Long- rather than short- term sustainable...) and collateral for a permanent easing of bank’s balance sheets from doubtful loans 5) Development within
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Greek stocks fall 1.5 pct, banks underperform for third straight week
Economyto increase Piraeus Common Equity Tier 1 (CET1) ratio by 5 basis points (bps). Titan said on Tuesday... for Eurobank improving its CET1 ratio by 27 bps. Grivalia Properties net profits fell by 76 percent to 5
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Alpha and NBG complete sales of hotels
EconomyBankingon August 5. Home Holdings is owned by Tourism Enterprises of Messinia SA (controlled... Equity Tier 1 (CET1) ratio stood at 16.6 percent in the second quarter (Q2). The completion... Assistance (ELA) funding. Based on the latest official data for August, NBG’s ELA funding stood at 5
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Fiscal dispute dominates as Greece and lenders gear up for more talks
EconomyProgramme5 Eurogroup statement. However, there is still a difference of 100-150 million euros... percent of GDP with the fiscal space of 1 percent to be used for cutting taxes and social security... on December 5. Tsakalotos said that those measures will reduce the debt to GDP ratio by 21.8
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Newsletter 101 - 23/12/2016
– even though eurozone finance ministers signed off on the measures at the December 5 Eurogroup... reference to the monthly limit on mass sackings, which the institutions want to increase from 5 percent... 1 million euros each over the 2010–2015 period, concluded that one in six companies on average
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