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Sale of defence manufacturer stokes opposition criticism amid bid to bolster regional ties
PoliticsGreek Politicsof regional alliances. On Wednesday, PM Kyriakos Mitsotakis spoke to Egyptian President Abel Fatah El
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WEF report highlights weakness of Greek institutions and challenges of recovery
Economyefficiency (129th), while financial market ranking (130th) has not yet recovered. The latter is mainly... demanded by the troika and relate to changes in the labour framework particularly regarding downwards... relate to infrastructure (36th), technological readiness (39th), health and primary education (41st
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General gov't primary cash surplus rises to 3.4 bln in Oct but arrears also growing
EconomyMacroeconomymillion, down 15 million MoM yet up 217 million YtD. Tax refunds rose by just 5 million MoM to 718 million... in September. Short-term loans relate to intra-government funding via the cash reserves of the gg... steady MoM at 54.64 billion at the end of October. The most significant YtD movements relate
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Greece's imminent funding problems: All the numbers you need
EconomyProgrammelegislation on the settlement of unpaid taxes has not been tabled yet, we should not expect any rebound..., of which 800 million relate to interest payments, 200 million to other obligations and 79 million... categories relate to the extension by one month of the deadline for VAT payment granted by the previous
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Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgramme(pp) in 2015 to 23.4 percent, yet the absolute figure is higher than the 22.6 percent predicted... revenues from 3.14 to 4.21 billion euros for 2015. The key policies relate to intensification of audits... as measures to enhance the local economies. In the banking sector, reforms relate to the establishment
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Greece and lenders appear close to third bailout deal, with few issues outstanding
EconomyProgrammefor the possibility of NPL sale to private investors. It is not yet clear whether the issue of early... on changes in the settlement of tax arrears in up to 100 instalments. These relate to a rise in the interest... that need clarification relate to the opening of professions, energy market liberalisation, early
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Newsletter 42 - 11/09/2015
which the European Union currently faces, Greece cannot afford to yet again venture towards self... development so far relate to the asset quality review (AQR) and the stress tests – both conducted... banks. The small details that have emerged so far mainly relate to the macro assumptions
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Greek banks brace for recapitalisation, with Piraeus initiating a bond swap offer
EconomyBankingbe approved. The legal framework for the recapitalisation process has not yet been clarified... scenario. Until now, very few details have been leaked and they mainly relate to the macro assumptions.... In specific, 265 million relate to senior unsecured debt issued in 2014, 211 million of subordinated debt
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Cash primary surplus contracts 2.9 pct to 2.68 bln on weak revenues in Sept
EconomyMacroeconomyfell 7.2 percent to 33.83 billion euros, yet the September figure increased by 5 percent to 3.73.... Note, though, that last year’s figure included extraordinary revenues of 1.31 billion that relate... (HFSF) paid to the state. These revenues relate to fees Greek banks paid to the HFSF in 2012
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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgramme), with targeted revenues at 100 million. But the VLT launch has been delayed and it is not yet known when... but have not been either legislated or implemented. These interventions relate to: 1) Imposition... will fight to secure pensions between 600 – 1,200 euros, which relate to the bulk of pensioners
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