Search
-
European Commission's DSA reveals serious concerns over debt sustainability, need for relief
EconomyProgrammeto serious concerns regarding the sustainability of Greek public debt”. On top... with the latest EC economic forecasts (2.1 percent in 2017 and 2.5 percent in 2018) levelling off... points (pp) after 2022 and leveling off at 2.2 percent as of 2025. In its most recent DSA, the IMF
4% -
Athens waits for green light from Eurogroup so it can settle IMF loans early
EconomyProgramme5. Settling the second review would allow the Greek government to request permission from the European Stability Mechanism (ESM) to pay off some or all of its loans to the International Monetary Fund... the money it owes to the IMF. The government has made no secret of its desire to pay off early some
4% -
Mitsotakis vows to push on with tax cuts despite fiscal concerns
PoliticsGreek PoliticsNew Democracy leader Kyriakos Mitsotakis has brushed off concerns that the lack of fiscal space... the lenders regarding Greece’s public finances veering off track due to SYRIZA’s handouts. In fact... that this would allow Greece to pay off its debt quicker. “You have different revenues if you grow with 2
4% -
Amid hiring controversy, ND focusses on new round of tax cuts in latest bill
PoliticsGreek Politicsfor investors. In its statement, the Finance Ministry claimed that the bill is the first since the Greek.... One-off debts, such as inheritance tax, can be paid off in up to 48 instalments, rather than... of the tax bill and the extensive coverage the issue has received in the Greek media over the past
4% -
Controversies around president pick cause government headaches
PoliticsGreek Politicsthat while Mitsotakis’s focus on the presidential pick may have paid off with his lawmakers, it has... slipped from 14.4 pct to 13.7 pct. Greek Solution is in third position, having risen from 7.2 pct..., standing at 29.1 pct and 17.4 pct respectively. Greek Solution has risen from 8.7 pct to 9.8 pct
4% -
Greek PMI drops into contraction territory in September, falling to 48.4 points
EconomyMacroeconomycontraction, suggests a deterioration of business conditions at the end of the third quarter. The drop... that posted in August. The September data indicates that supply-side conditions were broadly in line
4% -
Greek population among highest for poverty risk, Eurostat survey shows
Societydeprivation, defined as living conditions constrained by a lack of resources such as not being able..., the Hellenic Statistical Authority (ELSTAT) released the 2016 Survey on Income and Living Conditions
4% -
October C/A deficit drops to 351 mln, down 39.1 pct over year
EconomyMacroeconomyto Greece following a Eurogroup decision in November 2012. Even excluding this one-off item... an incremental positive contribution for the rest of the year. Greek C/A deficit had shrunk by 15 billion... of 20.2 percent to 893 million in October, which reflected an 18.1 percent rise in non-resident’ arrivals
4% -
Current account surplus reaches 1.68 bln in July thanks to services
EconomyMacroeconomy-off SMP income of 1.5 billion recorded last year, the underlying C/A balance improvement stands..., mainly due to a rise in non-residents’ holdings of Greek stocks. BoG figures also showed that reserve... from a broadly similar rise in travel receipts (+14.4 percent) on surging non-residents’ arrivals
4% -
Greece's imminent funding problems: All the numbers you need
EconomyProgrammeBefore the Greek government can reach the point of discussing any new arrangement with its lenders... reported that the European Central Bank has expressed reservations about Greek banks’ exposure to the Greek state and is reluctant to raise the threshold of T-Bills that Greek banks can hold
4%