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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgramme. This resulted in IMF lowering its real GDP growth estimates by 50 basis points to 1.5 percent... into the Treasury. Overall, the IMF estimates Greece’s net financing needs at 29.3 billion in the next 12... for the 3-year period. It is noteworthy that IMF estimates that Greece would complete prior actions
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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... yet prove difficult.” Although growth estimates between now and 2014 for the near term have been... and the European lenders could not agree on their fiscal estimates for Greece to reach the 3.5 percent
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Fitch upgrades Greek rating to 'BB-', three notches from investment grade
Economyof more than 24 billion euros, 13 percent of GDP, which the Eurogroup estimates will see Greece covered up to mid-2020. Fitch estimates that Greece is fully funded until 2022, which is a significant... 2022 then dropping to under 3 percent from 2024. Fitch estimates Greece’s GFN to stay below 9
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EC warns budget not on track due to handouts, advises against further underspend
EconomyProgrammeestimated, based on the General Accounting Office’s estimates which accompanied the bill... installment schemes for tax and social insurance contributions arrears. The Commission estimates the package at a cost of 1.1 to 1.4 percent of GDP, essentially double the Greek estimates. The gap stems
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Bank of Greece publishes bank stress test results, which see capital needs at 6.4 bln
EconomyMacroeconomyin the fourth quarter of 2013. Based on these forecasts, BoG estimates the internal capital... fourth review estimates (July 2013) and incorporate: GDP rebound of 0.6 percent in 2014, 2.9 percent... and Panellinia, increase to 6.381 billion. The released figures were estimated by the BoG on the basis
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A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
Economyto ease debt servicing. In addition, he outlined a national plan for reconstruction at an estimated... is estimated at 2 billion euros. SYRIZA leader stressed that the implementation of those measures... electricity to 300,000 households below the poverty threshold (estimated cost at 59 million), subsidized
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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
Economycapital benefit, estimated to be in excess of 2 billion euros for the four systemic Greek banks... covering the capital shortfall of 5.8 billion (under the binding baseline scenario) identified
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Newsletter 29 - 05/06/2015
to 13 percent, which would produce estimated revenues of 350 million, and boosting VAT revenues through... in 2018. The new targets are lower than those in the current memorandum (which were binding
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Unresolved pensions issues complicate the fiscal front
EconomyProgrammeestimated up to 3.7 billion (2 percent of GDP). Another issue relates to the pending pensions, i.e.... and welfare state. Although not clear at the moment whether this decision is binding for the Finance Ministry
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HRADF declares international consortium highest bidder for 67 pct stake in Thessaloniki Port
Economystake of 7.2 percent and the estimated additional investments until the expiration of the concession... last year. HRADF had received another two binding offers from the International Container Terminal
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