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Here's what's in the 2015 draft budget the Greek government has just unveiled
EconomyMacroeconomy, the MoF anticipates the primary surplus will reach 3.6 billion euros (2 percent of GDP), lower than..., public consumption is seen remaining in negative territory (-2 percent). According to the MoF, domestic
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IMF lowers medium-term forecasts for Greek debt, 2014 financing needs
Economyand by a further 2 pp in 2015. The IMF expects the current account (C/A) balance to remain positive albeit... forecasts stand up to 2 pp lower than in April, at 152 percent in 2017 and 135.3 percent in 2019. On gg
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Tourism helps bring Greek unemployment down to 26.4 pct in July
EconomyMacroeconomy. In contrast, the jobless rate in the 55-64 age group increased by more than 2 percentage points YoY to 17.2... percentage points (pp) in 2014 and by a further 2 pp in 2015. Note that the average jobless rate so
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Deflation rises again in Greece: CPI down by 0.8 pct in September
EconomyMacroeconomyand services, only 2 posted an increase in prices, namely health (up 3.8 percent) and alcoholic beverages... (down 2.4 percent). A more moderate drop in prices was displayed in recreation and culture (-2
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Greece changes banks' DTA conversion law to secure ECB/EBA approval
Economy(annual) profit loss. For example, if a bank has a capital of 10 billion, of which DTC is 2 billion (20... of DTA conversion to DTC (north of 2 billion euros for the four systemic Greek banks
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Greek deposit and loan rates slide in September
EconomyMacroeconomydeposit rate led the average rate on new deposits slightly lower by 2 bps to 1.32 percent in September... 3 and 2 percentage points respectively above the average euro area rates. In the other key household
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Greek deflation shoots up to 1.7 pct in October
EconomyMacroeconomyin 2014 after the -2 percent posted in May. On a monthly basis, CPI fell 0.9 percent compared..., alcoholic beverages and tobacco, displayed an increase (+2 percent). On the flipside, the highest drop
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomy(1.8 percent of GDP), lower than the 2 percent incorporated in the draft budget and the 2.3 percent... in negative territory (-2 percent). Unemployment is seen easing by 0.7 percentage points (pp) in 2014
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomyin the implementation of pending structural reforms that could undermine investor sentiment, 2) the very...: 1) more credit from the banking sector following the recapitalization, 2) better export performance
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Newsletter 7 - 12/12/2014
. Local media reported the Bank of Greece would retain 2 billion as a precautionary capital reserve... primary surplus figure exceeded its target by 658 million. 2 One last evasive manoeuvre Antonis
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