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IMF sets date for Article IV and DSA as markets mull Greek bonds
EconomyProgramme. The Commission sees the Greek economy growing by 1.9 percent this year and 2.3 percent in 2019. It notes...+) and the improving market conditions since the concerns caused by the recent political uncertainty in Italy have
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Lost decades for Greek incomes tell different story to recovery narrative
EconomyMacroeconomyrealities on the ground: fresh data has once again highlighted the challenges confronting Greek... in living conditions. This challenge is also reflected in another set of Eurostat data released this week
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Referendum call finds Greek banks teetering on the edge
EconomyThe Eurogroup rejected on Saturday the Greek government’s proposal for a one-month extension of the current bailout programme, which expires on June 30, Greek banks are facing a dramatic situation. The challenge to the Greek banking system was immediately visible following Greek Prime Minister
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In 9th post-bailout review, EC sees reforms slowing due to pandemic
EconomyProgrammeof which the authorities attributed to the latest changes in the Greek administration that took place... on the close cooperation between the Greek authorities and the European Commission on the preparation... in the summer of 2020 that once conditions allow it, Greece should resume medium-term fiscal policies
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Newsletter 255 -26/06/2020
to provide stimulus The government is considering what else it can do to support Greek businesses... percent, it does underline that many Greek businesses will have to weather at least two very difficult... that this is not the case on Greek islands, which have only just begun to receive tourists. The signs
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Newsletter 145
the tone for how the new year will kick off. auctions. The would-be law also foresees... offered to the residents of the other islands. They will each receive a one-off payment of between... in the Greek media that the government’s gifts may be a precursor to snap elections but it remains
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomy-residents’ investment in Greek government bonds and T-Bills. For the 4-month period, net assets from... in the 4-month period attributed to a drop in non-residents’ investment in Greek securities (bonds, T-Bills...). Higher travel receipts are fully attributed to a continued strong rise in non-residents’ arrivals
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Tourism accounts for 27.3 pct of Greek GDP in total, study shows
EconomyFeaturesA study by the Greek Tourism Confederation (INSETE) has indicated that tourism was worth over one... of the Greek economy, generated 27.3 percent of GDP, or 48.4 billion euros against an overall GDP figure.... Tourism arrivals in Greece increased by 7.4 percent in 2017 to 30.2 million. Out of these, 18
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Samaras, Venizelos suggest EU support for Greece to continue after tough week on markets
PoliticsGreek PoliticsThe Athens Stock Exchange recovered some of its losses on Friday and Greek bond yields also eased after a turbulent few days as Greek officials clarified that although the government is still seeking... credit to secure ECB/EBA approval as well as ECB decision to provide extra liquidity to Greek banks
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Tsipras and the IMF: Another miscalculation?
Agoraand for which there appear to be plans to discuss the Greek debt issue. A good part of the exchange... of fiscal measures, the Greek government has given already enough ground from its original position..., then the IMF would support the Greek side. At that point Velculescu makes explicit the division
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