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Public deficit and democratic duty
Agoragoing to make wrong decisions,” Korean economist Ha-Joon Chang recently said in an interview... looked at the numbers. It is here that the ignorance Ha-Joon Chang refers to is exploited by those... going on and they don’t want to understand what’s going on,” said Chang. That is why understanding
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China’s Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agoraof thermal power plant Completed 2015 Dongfang Electric Corp. Industrial and Commercial Bank of China... a Euro 350 million loan to construct the facility. China’s Dongfang Electric Corporation was hired
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingwill be covered by the SPVs issuing three classes of securitisation - senior, mezzanine and junior/equity... Celidoria SARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non... along with the remaining 5 percent of the mezzanine and junior notes. In addition, the bank announced
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Greek pensions laid bare
Agorapensions amounts to 884 euros. Note, though, that for around 45 percent of pensioners their monthly... and they receive on average monthly pensions of 771 euros. This is below the overall average of 884 euros since
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Eurobank’s NPL sales take major step with two transactions
EconomyBankingSARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non-performing... of the mezzanine and junior notes. The implied valuation of the portfolio based on the nominal value of the senior notes and the sale price of the mezzanine notes corresponds to around 58 percent
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Banks end year with continued bad loan sales
EconomyBankingof the mezzanine notes of the Phoenix securitisation, with a total gross book value of 1.92 billion euros... on the nominal value of the senior notes and the sale price of the mezzanine notes corresponds to 50 percent... percent of the mezzanine notes to its shareholders and retain five percent of the instruments
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Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction
EconomyBankingand Serengeti Asset Management for the sale of 49 pct of the mezzanine and 2 pct of the junior notes... of the transaction comes to 47.4 pct of the portfolio book value. Piraeus Bank will hold 5 pct of the mezzanine... of 5.2 billion euros nominal value. It involves the sale of a part of the mezzanine and junior notes
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Feb budget primary surplus confirmed at 840 mln, as revenues overperform
EconomyMacroeconomyThe budget primary balance for the first two months of 2022 was confirmed to be a surplus of 840 million euros, compared to a deficit of 1.5 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution d...
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Primary budget deficit at 1.69 bln euros in Q1 as tax revenues continue to overperform
EconomyMacroeconomyThe budget primary balance for the first three months of 2022 came to a deficit of 1.69 billion euros, compared to a deficit of 3.41 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data re...
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March budget primary balance short of target, but taxes continue to overperform
EconomyMacroeconomyThe budget primary balance for the first three months of 2022 was confirmed at 1.65 billion euros, compared to a deficit of 13.4 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released...
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