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IMF insists fiscal targets unrealistic, cites historical evidence to support case
EconomyProgrammefor better targeting social assistance, stimulating public investment, and lowering tax rates
3% -
IMF sees eurozone debt relief pledges failing to deliver sustainability
EconomyProgrammeprojections remain the same as in the Article IV DSA, while market rates are seen at 6 percent
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Mandatory e-payments come into force as Greece seeks to boost card use further
EconomyFeaturesin recent years which links higher card usage to improved tax and VAT collection rates. Once capital
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Capital controls to ease further from the beginning of September
EconomyMacroeconomyeconomy and financial system. Improvements in tax collection and VAT rates were noted as more people
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CPI up by 1 pct in July for seventh straight rise
EconomyMacroeconomyin hotel rates. Marginal rises were noted in alcoholic beverages and tobacco (+0.4 percent) food
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Building activity up by 45.7 pct in May, highest since Dec 2005
EconomyMacroeconomyedging down by 0.9 percent in 2015. Moreover, building surface and volume dropped at double-digit rates
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Rating agencies concur in improved prospects for Greece
Economyis amongst the longest of the sovereigns that Fitch rates. All three see the stock of debt declining
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Greek banks meet NPE reduction targets in Q2, write-offs remain primary source of reduction
EconomyBankingby significant cure rates in the same portfolio. As with previous quarters, NPE outflow from collections
3% -
Newsletter 131 - 8/9/2017
inflows which were offset by significant cure rates in the same portfolio. As with previous quarters
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Wages index improves 0.5 pct in Q2, rises 1.8 percent QoQ
EconomyMacroeconomyon wages as well as changes in the labour market. These developments include increasing rates
3%