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Debt
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PoliticsForeign Policy
Obama emphasises need for debt relief in Athens but Berlin keeps expectations low US President Barack Obama ended his two-day visit to Athens on Wednesday with a significant speech on democracy and the threat it faces but without adding anything significant to issues related exclusively to Greece.
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EconomyProgramme
Second review to resume in Athens under severe time pressure The institutions’ mission chiefs are expected to return to Athens early this week to resume discussions with the Greek authorities on the second programme review.
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Economy
In autumn forecasts, EC sticks by GDP estimates but expects lower unemployment In its autumn economic forecasts published on Wednesday, the European Commission (EC) repeated its previous estimate that economic activity will start picking up from the second half of this year, before notably accelerating in the next two years.
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EconomyMacroeconomy
Fiscal Council optimistic on 2016 target, sees next year’s goals as feasible The Greek Fiscal Council published on Tuesday its first semi-annually report on fiscal and macroeconomic developments, presenting its views on the 2017 draft budget and whether targets will be met this year and next.
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EconomyProgramme
Eurogroup sees possibility of swift review but differences on debt relief remain There were words of encouragement for Greece regarding the swift conclusion of the second review at Monday’s Eurogroup but also mixed views on whether Athens can expect the detailing of anything more than short-term debt relief measures if the inspection is wrapped up by the next meeting of eurozone finance ministers on December 5.
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EconomyProgramme
Houliarakis provides clearest view so far on Athens's debt relief expectations Alternate Finance Minister Giorgos Houliarakis made the current government’s clearest statement so far on what it expects in terms of debt relief and how it believes this could help the country in the future.
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EconomyMacroeconomy
Parliament's budget office sees obstacles to recovery, warns on private debt In its quarterly report published on Monday, the Parliamentary Budget Office (PBO) notes that the macroeconomic developments in Greece in the third quarter (Q3) sent mixed signals.
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PoliticsGreek Politics
Athens looks to Draghi for positive signals on debt relief It was mentioned almost as an afterthought. Mario Draghi, the European Central Bank President, reframed the ongoing debate on Greek debt relief, noting the ECB would draw its own conclusions on sustainability, wait for relief to be implemented, and then decide whether to include Greece in its quantitative easing programme.
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EconomyMacroeconomy
ELSTAT revises 2015 primary surplus downward to 0.15 pct of GDP, slightly ups debt The second notification of the annual fiscal data published by the Hellenic Statistical Authority (ELSTAT) on Thursday revealed a lower 2015 primary surplus and higher debt compared to the initial figures published in its first notification on April 21.
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EconomyMacroeconomy
Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon Speaking at the congress of the Association of Greek Tourism Enterprises (SETE) on Monday, the Bank of Greece (BoG) governor Yannis Stournaras repeated his belief that the domestic economic will start recovering in the second half of this year.