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Newsletter 15 - 13/02/2015
for the remaining two months of the first quarter are significantly lower. In particular, February and March.... The lower figure for March also stems from the fact that the last ENFIA instalment is due in February... successfully covered, albeit with lower participation, the rollover of 2.4 billion this month. However
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Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
EconomyMacroeconomy). Note though that the evolution of travel surplus and receipts indicates lower spending per trip... deficit is due to lower net interest payments, while the contraction of the current transfers’ surplus reflects lower general government receipts from the EU. On the financial account front, non
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Greece's imminent funding problems: All the numbers you need
EconomyProgrammebreakdown showed the underperformance mainly stemmed from lower income tax and VAT revenues by 479 and 321... government and lower-than-expected revenues from the settlement of tax arrears. Since the new... the revenue target is 1.14 billion lower than January, at 3.67 billion compared to 4.81 billion
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Newsletter 19 - 13/03/2015
was found on the basis of the government agreeing that lower-level technical staff could come... of the gap that had appeared in January. This is attributed to lower primary expenditure by 538... following the decision of a lower court. The move proved inconclusive, as did Italy’s seizure of Villa
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Lowest income groups in Greece saw wages drop and taxes rise most during crisis
SocietyLower income groups in Greece saw their tax burden increase by 337.7 percent from 2008 to 2012... previously evaded tax. As many lower- to mid-income groups were required to pay tax for the first time, often on incomes that had remained unchanged to were lower than before, “resulting discontent stoked
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S&P downgrades Greece, sees economy shrinking by 1.5 pct in 2015
Economyand the economy has contracted by close to 1 percent over the past six months, despite weaker euro and lower... payment to an official creditor would not constitute a trigger to lower its rating to ‘selective default... to 173.4 percent in 2018. S&P could further lower its rating if further official disbursements fail
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Greek current account deficit widens by 27.4 pct in Feb
EconomyMacroeconomy, the improvement in the goods’ balance mainly reflects a lower net oil import bill, on the back...’ surplus by 18.2 percent YoY primarily reflects lower net receipts from construction services... secondary income balance (by 155 million) and lower services’ surplus (by 110 million
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Newsletter 28 - 29/05/2015
would have a lower overall revenue outcome. However, given the high revenue returns that the ENFIA... the second had an even lower outcome, with less than 150 million euros of deposits returning to Greek banks... (for example, a lower primary surplus and the return of collective wage bargaining) and makes sure his
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Greek stock market loses 1.8 pct in week of mixed messages, Q1 results
Economy, significantly below those recorded in Q4 and Q1 2014, mainly due to lower provisions and - to a lesser extent.... Alpha Bank reported on Thursday lower net losses at 115.8 million in Q1 from 440.2 million in Q4 mainly reflecting lower operating expenses and impairment losses. NPL ratio hiked to 33.8 percent from 33
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OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
EconomyMacroeconomy, which is significantly lower than the previous estimate of 6.8 percent. However, a strong rebound of 5 percent is anticipated for 2016 albeit lower than the 7.7 percent previously forecasted. The OECD... in competitiveness will not be enough in 2015 to boost exports in the absence of structural reforms to lower
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