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Newsletter 5 - 28/11/2014
euros off target at the end of October despite a primary surplus of 2.65 billion. Revenues excluding... million off target. 2 From Paris to London No happy returns yet for Athens in crucial troika talks... by Stathakis in London is informative and revealing in more ways than one. Leading off with the title “A Growth
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How snap elections in Greece fit into Samaras's strategy
Agoraattempts to put off the inevitable. There was never a convincing case that the coalition’s... percentage points that is in the minds of those strategists who believe that Samaras might be better off... indicating that the government wrote off the possibility of electing a president, the decision to rehire
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What next Greece?
Agora, and in what circumstances? (5) If and when the wheels come off the programme, is an exit inevitable... programme has always been a “risk-materialisation” away from going off-track. The three main... negotiates a new programme, which goes off track; New Democracy win early elections and avert an exit. I
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Greek market jitters evident as investors dump shares and bonds
![Photo by Can Esenbel [http://www.mundanepleasure.com/]](resources/toolip/img-thumb/2013/10/16/stocks2_economy_esenbel-medium.jpg "Photo by Can Esenbel [http://www.mundanepleasure.com/]")
Economy2012. The sell-off in banks was more pronounced, with the banking index plunging 26.7 percent... Authority stock also suffered a heavy sell off, closing down more than 7 percent after the government... that the sell-off was accompanied by increased trading. Bonds The negative sentiment was also reflected
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Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
EconomyMacroeconomy). It should be noted though that last year’s figure included one-off revenues of 1.31 billion related...-off revenue of 556 million related to fees Greek banks paid to the Hellenic Financial Stability... to 16.29 billion. Excluding the one-off items from periods, the adjusted figures show a more moderate
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Between Scylla and Charybdis
Agora, even in the optimistic scenario that a No vote on Sunday will kick off a period of negotiations... impact on the Greek economy, hitting budget revenues hard and throwing the overall budget off track... which they don’t have and will be effectively be cut off from any access to euros. As I have argued
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Cash primary surplus reaches 1.3 bln at end of June on lower expenditure
EconomyMacroeconomyof preference shares by Alpha and Piraeus. Similarly, this year’s figure incorporates one-off revenue... one-off items from both years, we get an adjusted primary cash surplus of 747 million for the first... cash revenues fell by 12.8 percent to 19.11 billion. Excluding the one-off items from both periods
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Newsletter 41 - 04/09/2015
decided to pay the whole amount via credit card. While those taxpayers paid off the amount in 6 to 12... of the zeal for a clean-up that it claims it has. The SYRIZA leader points to a dusting off... where SYRIZA left off, continuing to promise an alternative path to austerity but strictly through
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Newsletter 43 - 18/09/2015
the first bailout in 2010, all Greek governments have started off with ample majorities, only to see them... inherit as complicated a situation as possible once it was clear that it would be hard to fend off snap... of them splintering off from New Democracy and PASOK. Yet, nobody has been able to provide any
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Cash primary surplus contracts 2.9 pct to 2.68 bln on weak revenues in Sept
EconomyMacroeconomy. This year’s figure incorporates one-off income of 556 million the Hellenic Financial Stability Fund... that were transferred to the state in March 2015. Excluding these one-off items from both years’ reported...). Cash revenues dropped by 8.7 percent to 31.46 billion, while excluding the one-off items from both
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