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Building activity up by 36.2 pct in Nov as rebound continues
EconomyMacroeconomypercent since its peak in August 2010. The rate of contraction in housing loans has been hovering.... At the same time, the housing non-performing loan ratio has more than tripled to 24 percent at the end of June.... A positive sentiment for the wider construction sector has recently emerged from the revamping
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Govt unveils new Covid support measures amid growing public anxiety
PoliticsGreek Politics. A further round of subsidies for business loans dubbed “Bridge II” is likely to be among the first measure... measures through April, as the persistence of Covid-19 infection rates raises the likelihood of another extension to the lockdown. Among the measures planned by the Finance Ministry are a new round of tax
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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomysustainability assuming debt relief measure including extension of all eurozone loan maturities... of debt relief measures that would allow Greece’s primary surplus target to be lowered to 2 percent... relief measures could include, extension of maturities, smoothing of interest payments over time
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Newsletter 211 -21/06/2019
to the ENFIA property tax. Mitsotakis has pledged a 30 percent reduction across-the-board over two... scheme and the appointment of general directors will be overhauled. Mitsotakis has also pledged... Democracy, opposition leader Kyriakos Mitsotakis has begun outlining his party’s plans for the economy once
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More fiscal space emerges for new energy relief package as parties jostle for support
PoliticsGreek Politicsrecovering some of the public support it has lost in recent months. The latest budget execution... 0.6 billion of this expenditure has already been accounted for. When taken all together.... The cost-of-living crisis has become a sore point for New Democracy as opinion polls consistently show
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Government tries to polish economic image as it prepares for big gamble on relief measures
PoliticsGreek Politicsrecovery Greece has experienced over the last few years. While GDP has risen and unemployment has fallen... shows the government is overtaxing Greeks. The tone of the exchange suggests that this argument has... power parity, and we have increased from 66% to 70%.” “It is an effort which has yielded considerable
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In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented
EconomyProgrammebe addressed, among others, by debt relief measures granted upon the full implementation of conditionality measures agreed in the context of the programme. These measure would include locking in of current low
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Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
EconomyBankingof the next tranche. It has deemed “urgent” and is due to be voted on March 30. The second of the three... and subordinated securities (accounted in as Tier I capital) to common shares. The capital
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Who benefits from Greece’s return to the markets?
Agoraare significant because they are capable of setting a yield benchmark of their own. It is here that I see... is fully financed by its international creditors until end-2015 and now has renewed market access, it does
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Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
EconomyMacroeconomyalso foresees that more than 2/3 of the GDP that has been wiped out from the domestic economy... the preference shares granted in exchange of Pillar I bonds back in 2009, with total state proceeds at 1.8
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