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  1. Athens and creditors place immediate focus on remaining key deliverables
    By Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    and structural reforms; (2) a clearer view of financing beyond the Third Programme (3) material... to some combination of: (1) a lack of cooperation between Greece and its institutional creditors; (2

    9%
  2. Lower yields for short- and long-term borrowing boost Athens
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    There was a promising start to May for Greece’s debt management agency (PDMA) as interest in its T-Bills rose and borrowing costs dropped in the two issues it auctioned successfully on May 2 and May... a declining path. The cost of borrowing for the 6-month bills had dropped to 2 percent at the end

    9%
  3. Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles

    EconomyMacroeconomy

    debt sustainable. The MTFS revises the initial growth estimate for 2018 to 2 percent, from 2.3 percent... growth of 2 percent during the period is not just an optimistic forecast. As result, the Council makes

    9%
  4. The first cut is the deepest? Greek pension reforms in context

    EconomyFeatures

    to limit the rise of pension expenditure to 2 percent of GDP over the long term (2010-2060). It raised... the top 2 percent of pensioners actually experienced cuts of 40 percent or more. Since 2013, detailed

    9%
  5. Despite debt deal likely falling short, IMF to retain a role in Greece
    Photo by World Bank via Flickr https://flic.kr/p/bPr6Y6

    EconomyProgramme

    Germany is thought to be comfortable with) but will be reduced by 2 years for each 5 billion euros... on Thursday. It is expected that Greece’s primary surplus target will fall to around 2 percent of GDP

    9%
  6. Eurogroup marks end of cycle and squaring of circle for Greece
    Photo via Fosphotos

    Agora

    a debt buy-back in the end of 2012. A margin of 2 percent was foreseen from 2017 onwards. This margin... privatisations (expected at 2 billion in 2018 and over 1 billion in 2019) set the current cash buffer plan at 18

    9%
  7. The race to reduce Greece's bad loans

    EconomyBanking

    , a collateralised portfolio of NPLs from small- and medium-sized businesses worth 2 billion euros is also... NPLs in Greece tot he value of 2 billion euros. The consideration of the transaction, which amounts

    9%
  8. IMF flags up weak growth, long-term debt sustainability and reform pledges in Article IV report
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyProgramme

    of 2 percent this year, picking up to 2.4 percent in 2019. Growth is expected to fall below 2 percent

    9%
  9. Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
    Photo by MacroPolis

    EconomyBanking

    percent to 217.1 million QoQ. In H1, the figure fell by 2 percent YoY, with the decline coming to 3.4... quarter. Balance Sheet Eurosystem funding declined by 2 billion euros QoQ to 5.1 billion in June

    9%
  10. Retail turnover in June grows strongly led by fuel and supermarket sales
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    and cosmetics also rose by 2 percent, while books, stationery and other goods showed a modest increase of 0.4... recorded in pharmaceuticals and cosmetics with 2 percent while automotive fuel volumes dropped by 2.1

    9%