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Newsletter 175 -21/09/2018
but the concern that agreeing to call off the cuts will create political problems and send a negative.... Excluding off-balance sheet items, the NPE stock was reduced by 3.8 billion euros quarter-on-quarter (QoQ... and the improved tax revenue collections entailed could taper off as customers return to paying by cash once
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Primary surplus confirmed at 3.34 bln in Dec, misses annual target by 367 mln
EconomyMacroeconomy5.42 billion euros, off target by 922 million euros. The MoF noted that the shortfall was mainly... billion euros. The negative balance in the aggregate period was off target by 406 million euros... a one-off payment related to law 4575/2018, which will be paid on January of 2019 instead of December
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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingit will mean a reduction in regulatory capital as banks will need to write off deferred tax credits (DTCs) accumulated. Legally, the amount written off in connection to DTCs will be recognised... mechanism in the proposal allows for the non-activation of DTC legislation, allowing banks to write off
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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammethat the institutions have asked for the cut-off date to be moved back by two months, to the end... approval from the European Stability Mechanism for the right to pay off at least some of its loans... to surcharges. Kathimerini reported on Thursday that Athens would like to pay off this year’s and next year’s
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Athens waits for green light from Eurogroup so it can settle IMF loans early
EconomyProgrammethe European Stability Mechanism (ESM) to pay off some or all of its loans to the International Monetary Fund... the money it owes to the IMF. The government has made no secret of its desire to pay off early some... off the instalments that are due this year and next year, which amounts to 3.8 billion euros
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Athens gearing up for new bond issue amid favourable market conditions
EconomyProgrammethe completion of the second post-programme review: To issue another sovereign bond and to pay off some... are at 1.5 percent,” he said. “When you pay off the loans prematurely, you help restructure your debt so... for this year so a new issue may round off the country’s borrowing activity for the year. Two bond
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Athens holds fire on debt schemes, prepares tax relief measures
EconomyProgrammeof arrears to social security funds. The measure includes a potential write-off of up to 100 percent... will be included in the scheme. Anyone wanting to pay off their debt in a one-off payment will have
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PM aiming to unveil expansionary fiscal measures after Easter
PoliticsGreek PoliticsThe government is preparing a series of permanent and one-off fiscal measures aimed at providing... to be considering reinstating a discount on the upfront payment of income tax. Among the one-off measures being... consecutive fiscal outperformances show there is room for permanent measures and not just the one-off
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Newsletter 205 -10/05/2019
. Of this available funds, 3.6 billion euros will be used in the coming weeks to pay off part of Greece’s loan from... to previous policies on expenditure dynamics starting to pay off. Special note is also made of policy..., factoring in the one-off positive impact of debt measures agreed in April. The balance is expected
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Lenders highlight risks of 'short-term popular' measures unveiled by government
EconomyProgrammeexpressed concerns about the schemes unveiled on Sunday for taxpayers to be able to pay off their debts... sector employment reforms which if realized could cost as much as 9 billion euros on a one-off... confirmed on Thursday that Athens has made an official request to pay off part of its loan from the Fund
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