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Newsletter 74 - 20/05/2016
prices down Greek apartment prices fell by 5 percent in Q1 this year, compared to a 5.3 percent
4% -
Current account deficit more than halves to 708 mln in March
EconomyMacroeconomy. As a result, goods’ deficit landed at 4.12 billion from almost 5 billion last year. Excluding oil
4% -
Primary cash surplus improves to 2.93 bln at end of April
EconomyMacroeconomyin the 4-month period to 14.9 billion euros, with interest payment increasing by 5 percent to 2.88 billion
4% -
Coalition and New Democracy at odds over anti-government protests
PoliticsGreek Politics, before the July 5 referendum was called, when the government tacitly backed the anti-austerity
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Government steels itself for protests, looks for positive in polls
PoliticsGreek Politicsout that the demonstrations are similar to the pro-euro rallies held last summer before the July 5
4% -
Building activity falls by 11.5 pct in March for third straight decline
EconomyMacroeconomyto a further drop of 5 percent in 2016 and 1 percent in 2017. In addition, housing loan balances have
4% -
Turnover in services sector deteriorates in Q1
EconomyMacroeconomy(-36 percent). In contrast, double-digit growth over the past 5 years has been posted by employment
4% -
BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomy5) Greek government bond (GGB) rates of 4.25 percent 6) IMF loan rates of 3.65 percent until 2020
4% -
Brexit and Grexit – Britain’s referendum and Greece
Agora, the very term Brexit is derived from the fashionable journalist term, Grexit, coined 5 years ago
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Study estimates tax evasion costs taxpayer up to 16 bln annually
Economypercent of GDP in 2015, which corresponds to around 40 billion euros and remains steadily 4–5
4%