Search
-
Fitch keeps Greek rating at 'B' but downgrades outlook to negative
Economyhas moderated its stance since 2012 advocating: 1) Greece to remain in the eurozone 2) Commitment... that could result in a downgrade include: 1) Prolonged political deadlock and lack of agreement..., developments that could result in positive rating actions involve: 1) Formation of a stable government
6% -
Greece's fiscal, debt and funding goals as set out at Eurogroup
EconomyProgrammeinto account the following factors: 1) EFSF loans of 142 billion euros (75 percent of GDP) bear... that revenue mobilisation could fetch up to 5.5 billion in 2015 stemming from: 1) fighting illegal trading... that proceeds amounted to 1.6 billion in 2011, zero in 2012, 1 billion in 2013 and are expected at 1.5
6% -
Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgrammeby consumption and investment expenditure. Unemployment is seen dropping by more than 1 percentage point... interventions will fetch the anticipated revenues. We highlight the following: 1) Taxation with targeted.... On social security reforms, the MoF reiterates interventions with a total cost in excess of 1 billion euros
6% -
As hopes of April 24 deal fade, differences between Greece and lenders remain
PoliticsGreek Politicsof 751 euros in two stages. The coalition foresees the minimum wage rising to 650 euros on October 1 and then increasing again, to 751 euros, on July 1 next year. Differences Another issue on which... 880 million euros to pay to the IMF (183 million on May 1 and 697 million on May 12). It also has
6% -
S&P downgrades Greece, sees economy shrinking by 1.5 pct in 2015
Economyand the economy has contracted by close to 1 percent over the past six months, despite weaker euro and lower...) for GDP growth of 1 percent to a contraction of 1.5 percent in 2015. In addition, S&P expects... on May 1 followed by another payment of 760 million on May 12. S&P thinks that the government
6% -
Greek DSA: Don't Say Anything about the debt
Agora. There is a forecast for high privatization proceeds that exceed 1 percent of GDP each year until 2020, peaking at 1.7... of the privatization proceeds assumptions that will not exceed 1 percent of GDP for debt purposes would... on the issue they have repeatedly tried to dodge since Day 1 of the Greek crisis. However, solid
6% -
Greece deal hangs in balance as IMF sees major differences
PoliticsGreek Politics) agreed to the institutions' target of a 1 percent of GDP primary surplus for this year. Tsipras did..., according to the IMF spokesman. Lenders want Athens to cut spending on pensions by 1 percent of GDP... raising an extra 1.8 billion euros, or 1 percent of GDP. Rice also said that the IMF technical team
6% -
Newsletter 30 - 12/06/2015
stemmed from time deposits, while sight and savings recorded outflows of 2.9 and 1 billion... on some issues, such as lower fiscal targets for the next few years (1 percent of GDP for 2015, 2... and 1.8 billion euros (1 percent of GDP) next year. We must be clear that this is a package
6% -
Greek banks in intensive care: What lies ahead?
Agorabank failure cannot be avoided. The resolution tools mainly consist of powers to: 1) Effect private... banks. At the end of Q1 2015, Greek banks’ Basel III Common Equity Tier 1 (CET1) ratio stood at 12.7... a key role in the future architecture of the domestic banking landscape including: 1) Market concerns
6% -
Drop in corporate loan rates led the average loan rate at a new historic low
EconomyMacroeconomyremains the highest in the eurozone and almost 1 percentage point (pp) above the euro area average... on new deposits eased by 1 basis point (bp) to 1.09, largely reflecting a 5 bps drop..., the decline was lower, by 23 bps to 4.94 percent for loans between 250,000 and 1 million and by 16
6%