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PASOK’s tries to expand as it comes under pressure from all sides
PoliticsGreek Politicsto receive a 14 pct vote share in the elections, well behind New Democracy on 31.9 pct but ahead
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Polling steadies at top but churns beneath surface as opposition support splinters
PoliticsGreek Politicsat 14 pct. Despite this pervasive dissatisfaction, there is no overwhelming appetite for immediate
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Greece's 2014 fiscal gap suddenly appears bigger, much bigger
Economyfiscal consolidation effort worth over 4 billion euros, or 2 percent of GDP. Following Asmussen’s comment, reports in the Greek media suggested that additional fiscal measures of between 2 and 3... promising there would be no new austerity measures in 2014, to find another 2 to 3 billion euros of savings
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Ladies and gentlemen, please fasten your seat belts
Agorait grounded. Last week’s suggestion that Athens would have to find about 2 billion euros more... about 4 billion euros, or 2 percent of GDP, of measures and Samaras knows that convincing Greeks more... spending has been reduced to a drip feed. While there is still waste that can be addressed, finding 2
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How big is Greek fiscal gap? Will cuts be needed? Here's our Q&A
PoliticsGreek Politicsand International Monetary Fund, who are reportedly demanding an extra 2 billion euros in cuts next year... weeks have claimed that the troika wants another 2 billion euros to be found in 2014 but Greek media... eurocrats and troika whisperers, however, talk of €2 billion for 2014 budget. #Greece — Juergen Baetz
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After Q3 results, what next for Greek banks?
Agoraof circa 2 billion euros through a marketed equity offering with HFSF (controlling 95.2 percent... years with a 2 percent step-up after the 5-year period should preference shares have not been redeemed... exercise, due on December 10 for Alpha, December 26 for National and January 2 for Piraeus
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Debt relief or debt restructuring for Greece?
Agorain 2010 Greek sovereign debt was primarily held by German[2], French, Italian, Swiss and Japanese... today reach approximately 380 billion euro and correspond to a debt-to-GDP ratio of 208 percent! 2... and Gulati, Mitu: ‘The Greek Debt Restructuring: An Autopsy’, July 2013. [2] Some inconvenient truths
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Shortcomings in healthcare seen at forefront of austerity impact in Greece
Society, with newly unemployed people aged 29–55 years covered for a maximum of 2 years. Rapidly increasing... of major depression, from 3•3 percent in 2008 to 8•2 percent in 2011, with economic hardship being a major... from 28•2 percent in 2007 to 30.4 percent in 2011, and a growing number receive inadequate nutrition
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Eurobank gears up for crucial but contentious capital increase
EconomyBankingafter the bank announced in mid-November plans to initiate a capital increase of circa 2 billion... of these shares stands at high levels (10 percent with a 2 percentage point step-up every year after 2014... increase north of 2 billion euros, most likely including the cancellation of pre-emptive rights
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With prior actions pending, PASOK showing signs of adjustment fatigue
PoliticsGreek PoliticsGreece has to complete 12 “prior actions” to receive the next 2 billion euros of its bailout from.... The first set of prior actions are: 1) adoption of outdoor trade law 2) adoption of investment... the supplementary pension funds of the public sector into the private sector main pension fund (ETEA) 2) adoption
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