-
Car market still buoyant as sales rise by 2.8 pct YoY in July
-
Mining drives growth of 0.5 pct YoY in industrial production for June
-
CPI accelerates to 3.1 pct YoY in July, rents up 11.3 pct
-
Trade deficit rises sharply in June as exports continue to fall
-
PMI falls to 51.7 in July, level of optimism drops to lowest in a year
-
Easter timing pushes retail sales down markedly in May with -4.4 pct YoY fall
BoG proposes debt relief measures and lower primary surplus target from 2018
In its monetary policy report published on Wednesday, the Bank of Greece (BoG) suggested a set of debt relief measures that would allow Greece’s primary surplus target to be lowered to 2 percent of GDP from 3.5 percent from 2018 onwards and would keep gross financing needs (GFN) well below the 15 percent of GDP threshold set by the International Monetary Fund.
According to the BoG, sensible debt relief measures could include, extension of maturities, smoothing of interest payments over time, restoration of SMP and ANFA transfers and swap of IMF loans with European Stability Mechanism (ESM) loans.
You need a subscription to access our analysis. Please choose one of the packages available.
Full Access
A tailor-made service for professionals
Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.
Free Access
Read some of our analysis for no charge
By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.
Standard Access
Our analysis and data at your fingertips
Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €530 per year.
€530.00