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Lenders set out key review issues as Athens tables proposals for fiscal space
EconomyProgrammeeuros turned red during the crisis. The banks are calling for more than 2 billion euros of state... for over 2 billion euros of fiscal space in the 2021 budget and at least 400-500 million euros
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Lenders conclude 'productive' talks on fifth review but issues remain as Athens targets fiscal space
EconomyProgrammewent sour during the crisis will also need to be settled as banks are claiming more than 2 billion... rates by 2 percentage points. Combined these two interventions require close to 1.9 billion euros
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Newsletter 237 -31/01/2020
but which went sour during the crisis will also need to be settled as banks are claiming more than 2... with 32 percent, 85 percent international and 16 percent from Greece. 2 Budget primary surplus
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Piecemeal process likely in drive for more fiscal space
EconomyProgrammecase it will free up 0.6 pct of GDP space towards tax cuts. The government plans to direct 2 billion... that the reduction in borrowing costs alone since the start of the year has created already fiscal space of 2
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EC ups growth to 2.2 pct in 2019, sees growth in 2020 at 2.4 pct
EconomyMacroeconomyat 2 percent. The Commission notes that based on the first three quarters available data, real GDP..., with the rise of those employed at 2 percent year-on-year, pushing the rate of unemployment down to 16.6
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Retail turnover edged up by 0.2 pct in Dec, annual increase at 1.3 pct
EconomyMacroeconomyat 1.3 percent compared to an increase of 2 percent in 2018. The corresponding volume index dropped...) and supermarkets (-2 percent). The monthly seasonally adjusted (SA) retail sales index in December fell
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Govt extends 800-euro bonus, heralds loan payment holiday for individuals as well as firms
EconomyOnly two days after announcing economic measures of up to 2 billion euros to support businesses and employees, while also making another 1.8 billion euros of European Union funds available, ministers... of the coronavirus on the economy. This will have a fiscal cost of about 2 billion euros, Staikouras
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A sudden turnaround that could lead to sharp shock
Agorabusinesses, or 90 pct of the active total, being under some sort of support, encompassing a total of 2.... The Finance Ministry plans to commit up to 2 pct of GDP in the form of direct support, which
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Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
EconomyBankingaround 7 billion euros as well under the government's plans. Guarantees of 2 billion euros.... ِAn additional 5 billion euros of loans will include 2 billion euros of state guarantees, 1 billion
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Overall loan interest drops to series low of 4.06 pct in March
EconomyMacroeconomy, which includes credit cards, open account loans and overdrafts rose by 2 bps to 14.67 percent. The average interest rate on consumer loans with a defined maturity at a floating rate rose by 2 bps to 10.67
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