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Delays in concluding programme review are credit negative for Greece, says Moody’s
EconomyIn its latest comment on Greece included in the weekly credit outlook of May 2, Moody’s notes that the delays in the country’s bailout programme review are credit negative since they increase the risk of a liquidity squeeze and prevent any discussion on debt relief. The delays are caused
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Negotiations between Greece and lenders: state of play ahead of Eurogroup meeting
EconomyProgrammeThe extraordinary Eurogroup on Monday is due to discuss the state of play of the programme review as well as the sustainability of Greece’s debt. The thorniest issue at the moment appears to be the contingency measures worth 2 percent of GDP the IMF is insisting they have to be detailed
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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammeAlthough Greece and its lenders are continuing to debate how to set up an extra 2 percent of GDP in fiscal measures so they are on standby if primary surplus targets are missed next year or in 2018, there appears to be agreement between all sides on the basic package of 3 percent of GDP in spending
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgrammeIntroduction of a hotel overnight stay tax ranging between 2 euros for hotels with two stars up to 5 euros
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Greece and lenders edge closer at Eurogroup but standby measures, debt relief not resolved yet
PoliticsGreek Politics, there seems to have been progress in agreeing how the extra 2 percent of GDP in contingent fiscal measures
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Tsipras upbeat after vote, Eurogroup but deal details may still present problems
PoliticsGreek Politicshaving to vote on another 2 percent of GDP in fiscal measures under great time pressure. It would also
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Unemployment rate slips to 24.2 pct in February
EconomyMacroeconomybe more than 70,000 in the same period. The unemployment rate among men was trimmed by 2 percentage
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Stournaras calls for lower primary surplus target, debt relief measures
PoliticsGreek PoliticsSpeaking at a conference of the Confederation of Northern Greece Industries (SBEE), the Bank of Greece (BoG) governor Yannis Stournaras suggested on Friday that Greece’s primary surplus target of 3.5 percent of GDP in 2018 should be lowered to 2 percent. Stournaras stressed that a lower fiscal
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General gov't figures shed more light on course of spending, revenues during crisis
EconomyMacroeconomyin absolute terms, the respective ratio for primary expenditure was reduced by less than 2 pp from
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Privatisation chief hopeful of reaching 2016, 2018 targets as several sales near conclusion
EconomyGreece’s privatisation chief believes that 2 billion euros can be raised this year from asset sales. Speaking at a meeting of the Athens Chamber of Commerce and Industry (EBEA) on Monday afternoon, the chairman of the Hellenic Republic Asset Development Fund (HRADF) Stergios Pitsiorlas said
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