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Economy
EC sees milder Greek recession in 2015, debt ratio to climb to 200 pct in 2016 In its autumn economic forecasts published on Thursday, the European Commission (EC) revised its estimates on the Greek economy to take into account the uncertainty surrounding the bank holiday and the imposition of capital controls in late June.
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Economy
EC study: VAT gap in Greece at 34 pct, more than double the EU average The European Commission published a study on Friday that examines the evolution of the VAT gap across the EU according to the latest available data for 2013.
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EconomyProgramme
Conditions for Greek ECCL reportedly outlined in German document The German Parliament (Bundestag) is expected to approve on Thursday the extension of the Greek bailout programme by two months, according to press reports.
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Economy
EC sticks with 0.6 pct growth for Greece in 2014 but also sees C/A deficit In its winter economic forecasts released on Tuesday, the European Commission (EC) notes that recent data support expectations that Greece should return to growth in 2014. Confidence indicators continue to improve, whilst hard data releases suggest the first signs of recovery.
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Economy
Eurozone periphery condemned to low wages, demand, EC study suggests A research paper by an economist at the European Commission’s Directorate General for Economic and Financial Affairs (DG ECFIN), which was initially published online this week by accident, withdrawn and then released again the next day, provided more fuel for the austerity debate in the euro area.