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Fitch keeps Greek rating at 'B' but downgrades outlook to negative
Economyhas moderated its stance since 2012 advocating: 1) Greece to remain in the eurozone 2) Commitment to maintaining a primary budget surplus 3) Honoring Greece’s obligations to the IMF and private... with the troika, a development that would create serious strains in the state’s cash flow. 2) A worsening
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Newsletter 12 - 23/01/2015
whether Antonis Samaras should continue as the conservative party’s leader. A small defeat of about 2.... Kathimerini daily noted that extraordinary T-Bill issues of 1.5–2 billion may be required to cover... fell by more than 17 percent. If budget revenues fall significantly short of targets in the first
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Newsletter 114 - 07/04/2017
, the interventions lined up for 2020 will be moved forward by a year so that all 2 percent of GDP in new... last year. On the flipside, the respective figure for the state budget fell by 611 million to reach... of the Independent Authority for Public Revenue (IAPR). The figures showed that 2 percent of the total tax debt
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Newsletter 161 -11/05/2018
to Tier 2 instruments, the capital depletion for NBG is 9.56 pps and 8.95 pps for Piraeus. The main... could account for as much as 37.2 percent to 44.8 percent of all employment. 2 New overdue taxes up... in March following a rise of 2 billion euros in February, data from the Independent Authority of Public
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Newsletter 164 -08/06/2018
growth of 2 percent in Q4. The headline GDP growth on an annual basis is the highest since Q1 2008... anticipates growth of 2 percent this year. Figures from the MoF also showed this week that Greece’s... percent for an overall year-on-year reduction of 0.8 percent. 2 Exports rise of 1.4 percent in Q1
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For better or worse: Greece's bailout exit deja vu
Agoraand estimates, Greece was expected to save an additional 1.7 to 2 billion euros annually over the period in question. By the time 2014 closed, the state budget situation did not meet expectations, with revenues... on current policies Greece would need 2 percent of GDP in measures to sustain the 3.5 percent primary
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Newsletter 174 -14/09/2018
, after Greece has submitted its draft 2019 budget and before the revised version has to be tabled..., after April’s rise of 2 percent. Last year, the index remained consistently positive. Month-on-month... trip rose by 0.6 percent to 498 euros compared to 495 euros for the same time last year. 2
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Newsletter 197 -8/03/2019
, as well as the demand for a primary surplus of around 2 percent for the medium-term. He argued... oversubscription as offers reached 11.8 billion euros. Greek authorities had initially been looking to raise 2... servicing cost and smoothen the debt profile over the coming years. 2 GDP up by 1.9 pct in 2018 QoQ
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PDMA sets 2020 goals to build on improving conditions for debt
Economypercent from 2024 onwards, inflation at 2 percent, an average effective rate on the debt at 3.4... in the draft budget. It plans to reduce the stock by 4.4 billion euros. It provides two main financing.... In scenario 2, which includes early official sector repayment, the new transactions will come to 8
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Newsletter 242 -06/03/2020
overall for 2020, given that the budget for this year provides very little room to manoeuvre... saying that the MoF was waiting to see how events played out first. 2 Unemployment drops to 16.3 pct... to households and non-financial corporations rose by 2 percentage points to 4.36 percent in January
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