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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammewith cumulative privatization proceeds of around 3 billion over the past 5 years and government’s vague... stressing that the risk remains on the downside. 4) Clearing arrears (additional needs of 5 billion... in the aftermath of tight financing conditions. 5) Rebuilding buffers and paying down short-term borrowing
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Newsletter 94 - 04/11/2016
goal is still to try to wrap up the second review by the end of November so the December 5 Eurogroup... to return to Athens in mid-November, while the Eurogroup on November 7 is scheduled to take stock... of the review before the December 5 Eurogroup, while a European Commission spokeswoman said on Thursday
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Newsletter 292 - 09/04/2021
this year, followed by growth of 5 pct in 2022 and a modest 1.4 pct in 2026. Growth in the last... pct of GDP next year, from deficits of 7 pct of GDP in 2020 and 6 pct this year, as support... pct in February Stripping out the impact of oil products and ships, imports fell 5 pct, while
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New Democracy and SYRIZA neck and neck for EP vote but PASOK adrift
PoliticsGreek Politics%, SYRIZA 21.3, Potami 8.2, GoldDawn 6.9, KKE 6, Olive Tree 5.1, IndGreeks 4.2, DIMAR 2.8 & Others 5..., Potami 7, Olive Tree 6.5, KKE 6, Ind Greeks 4, DIMAR 3, undecided 8 — MacroPolis (@MacroPolis_gr) May 5, 2014 While it remains difficult to ascertain at this stage who will win the May 25 vote
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomyshrank by more than 3.5 billion euros year on year (YoY) to 3.44 billion in 2014 from 7 billion last... budget posted the highest adjustment within 2014 as its 2013 deficit stood at 5 billion euros... million (7.3 percent of total), extrabudgetary funds by 74 million to 188 million (5 percent) and state
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National Bank posts losses of 159 mln in Q1 2015
EconomyBankingby 3 and 4 percent respectively. Net interest income (NII) fell 5 percent QoQ, largely stemming from... improved by 7 basis points (bps) QoQ largely due to a similar rise in the time deposit spread. On the flipside, the domestic lending spread slipped by 5 bps mainly arising from a 14 and 10 bps drop
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammesector (8 billion). 4) Payment of EFSM bridge loan (7 billion). 5) Unwinding of repo operations (3.5... (1.8 billion). 5) Greek Loan Facility (GLF) loan (1 billion). 6) New European Stability Mechanism (ESM... used in May to service its external debt. 3) Clearance of state’s arrears to the private sector of 7
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Opinion polls indicate fragmentation, close election race
PoliticsGreek Politicsat around 7 and 6 percent respectively 5) PASOK, which announced over the weekend that it will work... to be struggling to reach the levels of support it needs to return to Parliament 7) Anti-bailout Popular Unity is seen gaining support of 4 to 5 percent in most polls, which is enough to elect MPs but much
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No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgrammetaxation. 4) Extension of Gross Gaming Revenues of 30 percent on Video Lottery Terminals (VLTs). 5.... 7) Better target eligibility to halve heating oil subsidies in 2016 budget. 8) Permanently reduce... for employees (IKA). 5) Abolition from October 31 of all nuisance charges financing pensions to be offset
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Final structure of bank recap taking shape, cautious optimism for outcome
Economy, the market currently expects that 5–7 billion would have to be raised from private investors... (CoCos) and shares. CoCos would bear an annual coupon of 7–9 percent, according to market sources... not have any shareholder controlling more than 5 percent of their share capital, while John Paulson
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