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Athens pleased with Washington talks despite lack of definitive US position on Turkey
PoliticsForeign Policyactions in the East Med and Libya. The Greek government has many times since Tuesday tried to play down... replied: “when you're talking about Libya, we're discussing with President Erdogan, we're discussing... talked about that subject specifically — Libya and what's going on. We'll be talking to Russia
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Ankara tension tops govt agenda, overshadowing social dividend and primary residences
PoliticsGreek Politicsthe spat with Turkey over its signing of an agreement with Libya regarding the delimitation... is in control of all of Libya, and Prime Minister Kyriakos Mitsotakis reportedly told Turkish President... with disabled children under the age of 24. The total outlay is estimated at 175 mln euros “The one-off
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Newsletter 74 - 20/05/2016
is a controversial issue. As long as the price differential between the book value at which NPLs... loan defaulters. Various estimates point to about 20 percent or even more than 30 percent... for the automatic fiscal adjustment mechanism. The majority of the estimated incremental revenues from
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Macroeconomic fundamentals for Greece
Agora). This is the estimate we use for Greece’s Natural Rate of Unemployment, reflecting reforms that were made during..., which will be growing. We estimate for now an underlying structural interest bill of 4 percent... as the proportion of market-placed debt grows. Finally, we can estimate that Greece needs a structural primary
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Turkey maintains maritime pressure as Athens and Ankara court Haftar
PoliticsForeign Policyas Chevron’s decision to submit a proposal for two blocks south of Crete despite the Turkey-Libya... spatial planning (MSF) last April, but since then is trying to leverage its footprint in Libya... the Turkish-Libyan memorandum. Belgacem Haftar, the son of Khalifa Haftar and director of Libya’s
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Athens presses Benghazi in bid to block ratification of Turkish–Libyan maritime pact
PoliticsForeign PolicyGerapetritis and Aguila Saleh, president of Libya’s Benghazi-based House of Representatives. The meeting formed part of Athens’ regular contacts with representatives of Libya’s de facto government... of Exclusive Economic Zones among Greece, Turkey, Libya, Egypt and Cyprus. During the meeting, Gerapetritis
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Q3 GDP rebounds 0.8 pct QoQ and 1.8 pct YoY, above flash estimates
EconomyMacroeconomynot available at the time of the flash estimate. The provisional estimates also showed GDP increased by 1.8... of 0.1 percent. For the 2016 estimate of a 0.3 percent recession to be met, Q4 GDP would have... by 0.4 percent in Q2, the Hellenic Statistical Authority (ELSTAT) provisional estimates displayed
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NPL resolution in Italy and Greece
Agoradifferential between the book value at which NPLs are recorded and their expected market price is so... who least deserve it in Greece, namely strategic loan defaulters. Various estimates point to about... numbers. In Italy, the total non-performing loan exposure of banks reached an estimated 360 billion
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Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
EconomyMacroeconomybillion euros and was below target by 611 million. Net revenues came to 50.96 billion euros, under... expenditure came to 44.20 billion, below target by 611 million euros. Interest payments declined YoY
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After Q3 results, what next for Greek banks?
Agorawith the repricing of the old book (currently at 0.50 percentage points above the new production levels.... All banks agree with the official sector estimate for a mild GDP rebound (0.6 percent) in 2014. Under
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