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Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
EconomyProgrammebut it is the discussion with the institutions over next year’s pension cuts, rather than market access... rather than the European institutions. For some policy makers, the difficulty is not in accepting..., not to be softer than his predecessor, Wolfgang Schaeuble. The CDU’s reluctance to make concessions was evident
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Moody's explains cautious approach to Greek credit rating upgrade
Economyremains positive on the back of a potential of faster than anticipated growth as past reforms start... will also be triggered by a successful return to market funding, as well as faster than anticipated... front, the government’s needs will decline to less than 10 percent of GDP over the coming years thanks
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Athens prepares 2019 draft budget amid pension cuts dilemma
EconomyProgrammethe return of the ANFA and SMP profits from Greek bonds. The first instalment of more than 600 million euros is due shortly. More than the possibility of losing these funds, Tsipras will be worried about... as Greek bond yields are higher than the government would like. It has been suggested that one option would
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Privatisation revenues edge upward as end-of-year deadline looms
EconomyFeatures. However, the approval of the purchase is still pending more than two months later. It also contained.... The approach by the HRADF regarding these ports is being structured as sub-concessions rather than... higher than the initial offering of 600 million. The current concession ends in 2026 and the new one
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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBanking, 1.6 billion lower than the target of 90.2 billion. The new targets encompass current reduction goals... than the European average of less than 5 percent. As Greece tries to woo back foreign investors
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Building permits rise by 9.8 pct in July, up by 8.4 pct in 7-month period
EconomyMacroeconomyof permits came to 13,847. Although this is higher than that for 2016, it remains around 86 percent lower than the peak of 95,730 permits issued in 2005. Much of the current building activity also centres around refurbishments rather than new builds. The most recent quarterly Bank of Greece (BoG) figures
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GDP revision for 2017 points to slight improvement from initial estimates
EconomyMacroeconomythan the 9.6 percent growth seen in March. Exports growth, also in volume terms, remained the same... percent, slower than the initial nominal growth estimate of 9.9 percent. Exports increased by 12.1 percent... higher than initially estimated, up 12.8 percent from 12.2 percent. According to the latest data
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Foreign minister quits government, heaping pressure on Tsipras
PoliticsGreek Politicstimes over the past few years when he appeared to shape foreign policy based on his beliefs rather than... that the souring of relations with Russia was a route chosen by Kotzias rather than Tsipras. The prime minister... in the months to come than it has been over the previous few years.
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August current account shows surplus of 1.56 bln as deficit in primary income account grows
EconomyMacroeconomylower than the figure of 1.58 billion euros in July, Bank of Greece (BoG) figures showed on Monday... worsened very slightly by 18.3 million or 1.1 percent. This was driven by imports rising faster than... widened as imports grew faster than exports in absolute terms. Exports in the aggregate period rose
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Athens aims for November agreement with lenders on pension cuts
EconomyProgrammeto be pressing for the discussions on next year’s pension cuts to be discussed officially, rather than... to raise the tax-free threshold from 2019, rather than 2020 as had been previously agreed. In private... for this subsidy to more than 100 million euros. Once the 2019 excess surplus has been agreed
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