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EU's temporary framework for state aid in response to Covid-19 outbreak
Legal(the “Temporary Framework”). The Framework is based on Article 107(3)(b) of the Treaty... exception under Article 107(2)(b). 5. Short-term export credit insurance The Temporary Framework... restructuring aid only if it is (a) based on a comprehensive restructuring plan, (b) the aid is kept
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Debt relief or debt restructuring for Greece?
Agoraof developments and contemplating plan B scenarios post-PSI in Greece. Moreover, Greek banks themselves... of international lenders. b. The Greek sovereign accumulated in excess of 10 billion euros of payment
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Move to unite centre left takes next step but potential in doubt
PoliticsGreek Politics(Brosta), New Reformers (Neoi Metarithmistes), P80, State 2012 (Politeia 2012) and Initiative B (Protovoulia B). Since last year, these groups have been trying to find common ground and a way to join
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S&P dashes Greece's hopes for an upgrade
EconomyDespite initial government expectations for an upgrade, Standard and Poor’s (S&P) affirmed today Greece’s rating at ‘B-/B’ and stable outlook. According to S&P, the rationale of Greece’s rating reflects its view of high (albeit long-dated) debt burden and onerous external debt position (400 percent
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Finance Ministry challenges SYRIZA's plans for economy, ups cost
Economybillion above the 2 billion SYRIZA forecasts b) The increase in the Public Investment expenditure, which... to 12,000 euros (at 2 billion by the MoF, 500 million above that of SYRIZA) b) increased funds for local
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Primary surplus inches up to 2.9 pct in Greece's 2015 draft budget
EconomyInvestment Budget (PIB) revenues (+500 million euros), b) improved fiscal outcome stemming from local... with the applied rates reduced by 30 percent b) Maintaining VAT on food services and accommodation at the lower
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Here's what's in the 2015 draft budget the Greek government has just unveiled
EconomyMacroeconomyfor 2014 incorporate: a) The payment of the social dividend (525 million), b) The payment of part... on 2015 fiscal outcome since they will be recorded in 2014 fiscal performance. b) Increased taxable
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Newsletter 3 - 14/11/2014
to B from B- with the outlook set at stable in recognition of the “substantial fiscal adjustment” made
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Greek primary cash surplus up to 3.1 bln in September but state arrears also rise
EconomyMacroeconomy: a) two bond issues, a 5-year note of 3 billion in April and a 3-year note of 1.5 billion in July and b... banks’ zero reliance on ELA funding as of May. b) A reduction in the bank support scheme guarantees
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Is there (sustainable) growth in Greece?
Agorato B from B- with the outlook set at stable in recognition of the “substantial fiscal adjustment
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