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With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP
EconomyMacroeconomyprimary surplus for both years was reaffirmed, at 812 million in 2013 and at 2.95 billion in 2014.... Excluding the aforementioned items under EAP rules, gg primary surplus is seen at 812 million (0.4
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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomy1 billion euros compared to the initial estimate of 812 million incorporated in the 2014 budget... the ESA-95 methodology. Thus, the equivalent MoF projection of 812 million under EAP stands at 3.9
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Gov't adopts patchwork of measures to overcome liquidity problems
EconomyProgramme: 310 million on March 6, 348 million on March 13 and 581 million on March 16. The last tranche... remaining 310 million relate to 90 percent of HFSF current cash reserves that until the end of 2015
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In bid to polish SYRIZA's image, Tsipras visits Mount Athos monks
PoliticsGreek Politicstriggered an embargo on Union imports by Moscow. There is a connection between the two in the sense... about SYRIZA’s criticism of the EU’s approach to Russia. The embargo could cost Greece as much
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They have a name for it
Agorain a nationalist fervour, with huge demonstrations and a 19-month trade embargo against the newly founded State. It only lifted the embargo when its neighbouring state changed its first flag. Greece and FYR
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Athens moves on after Berlin Conference absence, seeks more active role in Libya developments
PoliticsForeign PolicyIn Greece’s absence, the Berlin Conference ended on Sunday with an agreement among all the participants to respect a much-violated arms embargo, to hold off on military support to the warring parties... arms embargo it was tasked with protecting. “There’s an agreement in the Council in order to revive
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Athens goes along with EU over Libya, waits for Turkey's move at UN
PoliticsForeign Policythe deployment of warships to enforce the United Nations arms embargo on Libya. According to the EU foreign... that this operation will have as a goal the implementation of the arms embargo imposed by the United Nations
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Govt counts cost of own energy package as hopes of coordinated EU response fade
PoliticsGreek Politicsan immediate embargo on Russian oil, asking for such a measure to be delayed until autumn or winter..., are in favour of a staged oil embargo. Political pressure The government is sticking to the narrative
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ECB tests find negligible capital shortfalls at Greek banks
Economyfor capital needs was based on the agreed restructuring plans (dynamic model) rather than the end-2013 figures (static model). The ECB noted in its country results that the aggregated capital shortfall.... Eurobank Under the static model, Eurobank showed a capital shortfall of 4.63 billion euros, which
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Newsletter 1 31/10/2014
on the dynamic (agreed restructuring plans after the end of 2013) rather than the static (end-2013 figures) model... involves the capital surplus that Greek banks showed under the dynamic model, which reached 10.7... lender that passed the stress tests under the static model even without taking into account
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