Search
-
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
6% -
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
6% -
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
6% -
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
6% -
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
6% -
Tsipras gets ball rolling on lengthy, ambitious bid to change constitution
PoliticsGreek PoliticsAlexis Tsipras unveiled his proposals for the changes to the Greek Constitution on Monday night... the year 2021 (which marks the 200-year anniversary of the Greek War of Independence) as a watershed... in opposition. Tsipras’s key proposals were: - The public will have the chance to elect the Greek
6% -
After talks with lenders, Greece returns to list of tasks to secure next bailout payment
EconomyProgrammeThe discussions between the Greek government and the institutions that resumed last Monday... to appointed by the EC and the ESM with the consent of the Greek finance minister. The institutions have... of the Greek electricity market with the EU. Other issues Another issue that was discussed
6% -
Greece gets bigger tranche from Eurogroup but Tsipras misses other key targets
PoliticsGreek Politicson debt relief measures in order to immediately join the Greek programme with new funding. Greece’s... text. Gains for Tsipras Thursday’s document also included a reference to the Greek government... to consider Greek bonds eligible for inclusion in its QE programme. IMF and ECB IMF managing director
6% -
Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
EconomyProgramme. The latest version of the sMoU does not contain significant differences to the commitments the Greek... on the progress achieved so far. The Greek banks have overcome one major area of uncertainty by completing..., just as in the previous sMoUs, the Greek authorities commit to avoiding any unilateral actions
6% -
Hercules NPL reduction scheme receives first application from Eurobank
EconomyBankingThe Greek government’s Hercules scheme for reducing bad loans on the books of the country’s four... to the provision of guarantee by the Greek state on senior notes to the value of 1.6 billion in total... plans The Hercules Asset Protection Scheme (APS) was launched by the Greek government to assist banks
6%