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General govt primary cash deficit at 5.48 bln in June as tax revenues fall
EconomyMacroeconomyeuros, bringing the total figure to a deficit of 425 million euros. The equivalent figure... the total rose by 163 million euros YoY and came to 1.24 billion euros against 1.07 billion euros last year. In local governments, a rise of 143 million euros was seen, taking the total to 326
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Crumbling Greek pension system threatens big fiscal gap, budget derailment
Economy) for May, IKA grants a total of 1.22 million pensions with a monthly cost of 865 million euros... OAEE pension cost. Agricultural Insurance Organisation (OGA) According to IDIKA, OGA pays a total... pension-related fiscal gap A total of 2.66 million pensioners in Greece receive a total of 2.35
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Greece takes first round against Covid-19 but fight continues
Agora, primarily through retirement – in total 10,862 staff left the Health Ministry during the period.... The appointments were to abide by a 1:1 replacement rule (one hire for each departure) and would therefore... the 1:1 ratio for the health service, and to continue the hiring programme put in motion
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A snapshot of Greek banks' ABS as ECB readies for next move
Economyon October 2, it appears that Greek banks will be excluded from the ECB’s largest quantitative easing... billion, while Eurobank’s figure stands below 1 billion. In addition, they hold covered bonds (mainly... by Alpha and Eurobank at 3.6-3.7 billion, while Piraeus figure stands slightly above 1 billion
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Newsletter 14 - 06/02/2015
, this is our understanding of what the policy programme would include: 1. The abolition... (ENFIA abolition and new taxation) was estimated at 2 billion. However, citing government sources... of 300,000 euros. The estimated revenues from this new tax have not yet been disclosed. 2. Reports also
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Greece seeks 3-year programme that could exceed 65 bln
EconomyProgrammeuntil the end of 2018 standing at 29.8 billion euros including 1) Payments to the IMF of 9.9 billion, 2) Redemptions of Greek government bonds held by the Eurosystem of 14.3 billion 3) Redemption... with a positive or negative impact on the gross amount. 1) The preliminary DSA called
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SYRIZA and New Democracy neck-and-neck as post-election scenarios become clearer
PoliticsGreek PoliticsCent Union 3.6 Undecided 14 #Greece — MacroPolis (@MacroPolis_gr) September 2, 2015 Pulse poll... Ind Greeks 2.5 #Greece — MacroPolis (@MacroPolis_gr) September 1, 2015 However, it was the survey... 12.8 #Greece — MacroPolis (@MacroPolis_gr) September 2, 2015 The GPO poll also showed that Alexis
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankinginterest income (NII) fell 2 percent quarter on quarter (QoQ) to 738 million mostly due to negative FX... of the Eurosystem funding by 2 billion euros QoQ fully attributed to lower Emergency Liquidity Assistance (ELA) funding. The Common Equity Tier 1 (CET1) ratio remained almost stable QoQ at 9.6 percent
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S&P affirms Greece’s rating with stable outlook
Economynotches above that of Moody’s (‘Caa3’ set on July 1, 2015) and two notches higher than Fitch (‘CCC... and cumulative privatisation proceeds of 2 percent of GDP in the next four years. Under optimistic assumptions... below 2 percent, the rating agency stresses it will take another 17 years before the Greek debt ratio
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NBG records net profits of 73 mln in Q4, turns profitable for whole year
EconomyBankingpercent. P&L ΝΙΙ fell by 2 percent QoQ to 440 million as the negative impact from loan deleveraging... almost doubled QoQ to 23 million. Operating expenses dropped by 2 percent QoQ and by 3.7 percent... to 12.3 billion in Q4 after the repayment of the Contingent Convertible bonds (CoCos) worth 2 billion
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