Search
-
Newsletter 273 -13/11/2020
on the availability of beds. On Sunday, it said there are a total of 1,063 ICU beds across the country, of which 734 were occupied, leaving just 31 pct of all ICU beds are free. However, only 420 of these total beds..., around half of the total applications. As of the scheme’s activation, such borrowers will only have
19% -
EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economytargets. In specific, a primary deficit of zero to 1 percent is now projected for 2015, a primary balance of 1 to 0.5 percent in 2016 and a primary surplus of 2.25 to 2 percent in 2016. However... its GDP forecasts, which now point to a recession of 2 (in the baseline scenario) to 4 percent
19% -
Newsletter 97 - 25/11/2016
and 2018. In specific, the primary surplus is estimated to reach 1.09 percent of GDP this year and 2... this year and 2 percent next year. limited and will thus constrain credit expansion and banks’ revenue... percent to reach 2.23 billion, while the travel surplus edged up 1 percent to 2.04 billion. The rise
19% -
Where is Odysseus? Part 4 - Unemployment and Employment
Agoraon the macroeconomy of Greece.[1] In blog 16, we updated the demographic projections for Greece and found..., and the natural rate will be somewhat lower.[2] Similarly, the ability to tailor the work week or working... previous averages. How does this look in Greece? Figure 1 above gives a view. The average
19% -
Stock market slips 1.4 pct dragged by huge bank losses
Economyof the first set of milestones and the European Stability Mechanism (ESM) disbursed the sub-tranche of 2...-tranche of 1 billion. The General Index of the Athens Stock Exchange landed at 649.79 on Friday, which... until December 1 to facilitate the reverse split process, while the resulting shares will resume
19% -
Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBanking, collections and liquidations (4.4 billion) and selected sales (2 billion). P&L NII remained almost... by the impact of asset deleveraging. Fees increased by almost 2 percent QoQ to 82 million, while the top-line benefitted from other income of 37 million in Q2 from -2 million in Q1, largely due
19% -
Greece and lenders fail to bridge their differences in Brussels
PoliticsGreek Politicsdemanding a primary surplus of 1 percent for 2015 and 2 percent for 2016. On the pension front... Commission sources suggested to the media that the two sides still have differences over 2 billion euros... (roughly 1 percent of GDP) to pensions and another 1.8 billion euros per year to be raised from increases
19% -
IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammetargets for the next years: at 1 percent of GDP for 2015 (from 3 percent), 2 percent in 2016 (from 4.5 percent) and at 3 percent for 2016 and beyond (from 4.5 percent). 2) Lower privatization proceeds... 36 billion. These additional funding needs stem from: 1) Lower fiscal targets (additional needs
19% -
The key numbers behind the latest Greek proposals
EconomyProgrammewill target net revenue gains of 1 percent of GDP on an annual basis, which is similar to institutions’ proposal. Since the changes are effective as of July 1, the additional revenues correspond to 900 million... permanent savings of 0.25 – 0.5 percent of GDP in 2015 and 1 percent in 2016, in line with the institutions
19% -
Greece and creditors try to untangle pension complications
EconomyProgrammeParliament on July 15 included the following pension-related interventions: 1) Health contributions...) for supplementary pensions retrospectively as of July 1. This means that pre-tax pensions will be reduced by 2 and 6 percent respectively. According to the General Accounting Office, the rise
19%