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Budget primary deficit at 1.47 bln euros in Jan, revenue shortfall hits 812 mln
EconomyMacroeconomybillion euros. Net revenues came to 3.85 billion euros, below target by 812 million euros... a deficit of 782 million euros for the month.
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HFSF study identifies constraints on developing dynamic NPL market
EconomyBanking-regulatory constraints and developments for the development of a non-performing loan (NPL) market... for the development of a dynamic NPL market which – to some extent – would relieve the banks’ debt... legislated or initiated in 2015 and 2016, the Greek institutional NPL framework still faces a number
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A market for NPL resolution
Agora-performing loan (NPL) formation. Greece is not alone in having to urgently confront a looming policy... asset class. The emphasis of many international investors looking at NPL management... and legal environment envisaged for medium-term NPL resolution, the single largest obstacle
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From nice story to pulped fiction: Carney delivers reality check on rules-based order
Agoramany in the West clung to the idea of a prevailing liberal democratic order - even as the Iraq war... of the West hardened by the Iraq war, set Russia on a path to challenge the concept of a rules‑based order... order, or disorder, that the world needed, enabling leaders to assess options based on a realistic
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Compromise emerges on liberalisation of NPL market
EconomyProgrammein order to reach an agreement on the NPL issue as a whole. The institutions clearly favoured a full...-December. Other measures that are associated to the NPL issue include the monitoring of key performance indicators (KPIs) related to banks’ NPL resolution activities, tax issues related to write-offs
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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBankingwould be obliged to have their banking information made known to the banks in order to identify...) of the year, Greece’s four systemic banks had met their NPL reduction targets. Excluding off-balance... that sales had overtaken write-offs as the main method of NPL reduction. Other factors It has been noted
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Newsletter 88 - 16/09/2016
be complicated by the apparent tug-of-war between the government and the Bank of Greece governor... by almost 16 billion euros since the end of May. 2 A market for NPL resolution Out-of-the-box thinking... underline that they are finally engaging head on with NPE portfolios and non-performing loan (NPL
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Mortgage loans a key piece of NPL reduction puzzle
EconomyBankingthat in the second quarter (Q2) of the year, Greece’s four systemic banks had met their NPL reduction... information made known to the banks in order to identify strategic defaulters. The number of such defaulters... to be formally submitted for NPL reduction targets between 2019-2021, a separate category has been
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Rise in overdue contributions slows to 310 mln in Q3, total at 16.9 bln
EconomyMacroeconomyThe rise in unpaid social security contributions (SSCs) slowed quarter on quarter (QoQ) to 310 million euros in Q3 of 2016, from 831 million in Q2. The outstanding amount reaching 16.92 billion, the quarterly bulletin of the single SSC collection centre (KEAO) displayed on Monday. The increase
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Boosted by polls, PM uses Iran war to reassert control, shut down election and reshuffle talk
PoliticsGreek Politicsto the government’s political strategy. Mitsotakis seems to be betting that voters anxious about war, prices..., speaking to the local media, argued that the crisis triggered by the Iran war has a “duration... political: Greece must not change course in the middle of a regional war. Mitsotakis argued that early
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