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CPI stays flat in December, falls by 0.8 pct in 2016
EconomyMacroeconomydecreased at a slower pace of 0.6 percent in December after declining by 1 percent in the previous... the CPI rose by 1 percent. This was mostly on the back of a double-digit rise in clothing
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Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankingthat it corresponds to 1 euro per 10,000 euros of card transaction value and to 1 transaction per 8,000 card
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General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion in 2016 from around 4 billion in the previous year, the Finance Ministry (MoF) gg bulletin revealed.... Therefore, we conclude that despite the decline in past years’ arrears, around 1 billion of new arrears were
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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammeby 4 bps for every 1 percentage point decline or rise in the debt ratio, but in any case... with weaker than expected policies resulting in lower primary surpluses of 1 percent of GDP
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Industrial production rises at slightly faster pace of 2.2 pct in Dec
EconomyMacroeconomysupply production also declined by 1 percent. Only two of the five main industrial groupings posted... IPI rebounded 2.2 percent from the previous month, after contracting by 1 percent in November
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Apartment prices drop 0.6 pct in Q4 and 2.2 pct overall in 2016
EconomyMacroeconomyin new houses rebounded by 1 percent, while those of older houses posted a smaller increase of 0.3..., pointed to a drop in housing prices by 5 percent in 2016 and by another 1 percent in 2017.
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Lenders make proposal to Athens but no immediate breakthrough expected
PoliticsGreek Politicsshould pass 1 percent of GDP in new measures (1.8 billion euros) now and another 1 percent should
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Central government debt rises to 326.4 billion on ESM disbursement
EconomyMacroeconomythan 5 years) debt made up 80.3 percent of total, while short-term (up to 1 year) and medium-term (1
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Tsakalotos appears but gives little away about negotiations with creditors
PoliticsGreek Politicsof the package of measures and counter-measures would be zero in fiscal terms. “For example, if 1 billion euros in [new] measures are adopted, another 1 billion euros in positive measures for the economy
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Greece and lenders trap themselves over labour reforms
Agorameasures that the lenders are demanding: A 1 percent of GDP reduction in the tax-free threshold for personal incomes and another 1 percent of GDP cut in pension spending. Also, it might
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