Search
-
Newsletter 168 -29/06/2018
to vote on it in the Greek Parliament. The government was forced to immediately deny that there is any... in Piraeus and Thessaloniki, an apparent reference to shipowner Vangelis Marinakis and Greek-Russian... a dispute between its leader and the Greek king at the time. “Apostasy” and “apostate” are therefore
6% -
Athens steps up diplomatic efforts amid ongoing friction with Ankara
PoliticsForeign Policyas relations with Ankara remain the number one foreign policy issue for Athens. Greek authorities were... of friction between Greece and Turkey. Over the last few days, the Greek government has been trying to ease... of the two MoUs signed between Turkey and the UN-backed government in Libya. Greek diplomats
6% -
Lenders set out post-MoU framework with aim of securing reforms
EconomyProgrammepercent of GDP primary surpluses. These will be the return of profits from Greek bonds held... for Public Revenue. The organisation is seen having 12,000 workers by the end of 2018 and 13,322 in mid-2021... foreseen in the document, with 45 percent of cadastral mapping having to be completed by mid-2020
6% -
Greek current account deficit rises to 709 mln in February
EconomyMacroeconomyin resident’s investment in foreign T-Bills and a decline in non-resident’s holdings of Greek government... forecasts the Greek C/A balance to remain negative in 2014 and 2015, at 1.8 and 1.6 percent of GDP... the latter incorporates a rise in tourist arrivals by 10.2 percent, The year-to-date C/A deficit stood at 1
6% -
Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
EconomyMacroeconomyas a drop in non residents’ holdings of Greek government bonds and T-Bills. For the full year, the net... billion from non-resident’s investments. The latter reflects a significant inflow in Greek stocks (8.2... in receipts (+10.6 percent) stemming from a much higher rise in non non-residents’ arrivals (+23 percent
6% -
Progress in bailout talks but foreclosures and NPL management stand in way of agreement
EconomyProgrammeof Greek authorities with the quadriga mission chiefs are foreclosures and management of bad loans... but the idea of using the homeowner’s total debt seems to be off the table. On the management of NPLs... on the NPL sale process. Greek authorities and the quadriga have reportedly reached an agreement
6% -
Tsipras gets full support in pension and income tax vote, moves on to Eurogroup
PoliticsGreek PoliticsGreek Parliament passed the pension and income tax reform bill entailing 2 percent of GDP in fiscal... to the podium, not always to discuss the draft legislation, the party leaders rounded off the discussion... relief, the Greek side was encouraged by comments from German Vice Chancellor Sigmar Gabriel
6% -
OECD proposes ways to improve competition, estimates positive economic impact at 414 mln
Economyconservative benefit for the Greek economy stands at 414 million euros (0.24 percent of GDP), which... on the Greek authorities to simplify and make the licencing framework for the wholesale trade... employed 8 percent of Greek workforce, well above the EU average of 4.9 percent. Pharmaceuticals The OECD
6% -
Second review to resume in Athens under severe time pressure
EconomyProgrammediscussions with the Greek authorities on the second programme review. The first round of meetings lasted one week and concluded on October 27. The Greek government is hoping that the second round... (ELSTAT) on October 20. The Greek Fiscal Council recently published its first semi-annual report
6% -
Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBanking) that will use tax credits local banks have against the Greek state to issue bonds and then use the funds... that was used in Italy and envisages lifting more than 15 billion euros off banks' books . As the details... such scheme will be deployable, thereby expanding the existing NPE-reduction toolkit. In the meantime, Greek
6%