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Newsletter 45 - 02/10/2015
as recent statements by top eurozone officials, clearly indicate that the disbursement of the second
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomymarkets after the second half of 2016.
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IMF aligns Greek projections with EU, revises down GDP
Economyrecession estimate of 2.3 percent to be met, GDP needs to contract by more than 5 percent in the second
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Drop in trade deficit slows to 8.8 pct in August as decline in imports decelerates
EconomyMacroeconomytrade deficit stood at 1.12 billion, which is the second lowest reading since 2005, after the low
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New Democracy decides on date for leadership vote, candidates get on the road
PoliticsGreek Politics, it seems unlikely that one will be able to get over 50 percent from the first round so the second
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Greek stocks post weekly rise of 5.6 pct, with banks rebounding strongly
Economyof the second sub-tranche of 1 billion by November 15. Furthermore, Greek Prime Minister Alexis Tsipras said
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General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomy(including tax refund arrears) slowed to 3.1 percent month on month (MoM), which is the second lowest
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Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014
EconomyThe Hellenic Statistical Authority (ELSTAT) published on Tuesday its second estimate of Greece’s 2014 annual national accounts, while also revising 2010-2013 GDP figures downwards compared to those released last March. According to ELSTAT, the key reasons for the revision relate to updated
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
EconomyChanging its previous announcement to publish its second quarter (Q2) financial results on Wednesday, Piraeus Bank released today a trading update providing the evolution of the key balance and P&L items excluding loan provisions and profits. The bank said the full set of Q2 results
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Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance
EconomyMacroeconomyin the 9-month period, with the September figure standing above target by 104 million for the second
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