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Third review agenda becoming more complex for Tsipras
PoliticsGreek Politicsincreases. However, the poor performance of budget revenues may lead to the lenders asking... this year’s primary surplus target of 1.75 percent of GDP but it may struggle to convince lenders that next
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Newsletter 132
’ demands, which may explain why Tsipras referred to 80 percent of the prior actions being out... without any support at all. The form that the exit will take may depend on the course of the third review
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Economic sentiment breaks 100-point mark in Sept, consumer confidence up by 3.3 pts
EconomyMacroeconomy. The notable improvement in ESI since May is attributed to the conclusion of the second programme... since January and 7.4 points since May. Consumer confidence improved for the sixth month in a row
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Newsletter 133
that the tests could be concluded by May, which is three months before Greece’s programme is due to end... weight and that the European lenders feel more of a need to accommodate them. This may have been what
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Tsipras hopes to move on after decision on ex-airport project
PoliticsGreek Politicsfurther legal obstacles may lie ahead, Athens clearly believes that it has got over the largest... by 0.6 percentage points since the last survey in September. What may be particularly pleasing to Tsipras
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Athens expects 800 mln sub-tranche as review talks progress
EconomyProgrammein the talks. The 500 million euros in new measures lined up for next year may not be considered enough... that up to 1 billion euros more in interventions may be demanded so that a fiscal gap of around 0.5
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Economic sentiment at 98.3 pts in October, consumer confidence drops -0.3 pts
EconomyMacroeconomyrepresents a drop of 2.3 points in the overall index month-on-month. ESI has been improving since May..., ESI has improved by 3.2 points since January and 5.1 points since May. Consumer confidence declined
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Sub-tranche released but PPC poses key challenge in review
EconomyProgrammeAvgi newspaper claimed that up to 800 million euros may be paid out to recipients of the social solidarity income. However, money may also be transferred to the Public Power Corporation (PPC
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Debt relief-for-reforms option being discussed for post-programme era
EconomyProgrammein Germany, which may lead to the formation of a coalition that includes the FDP liberals, who have... with a lighter form of monitoring, which may not be palatable to some in the eurozone, including any
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EC upbeat on reforms paying off, as long as they continue
EconomyProgrammecompletion. As part of the effort that started in May 2010 to improve the country’s public finances... target of 3.5 percent of GDP, the tax reform may be brought forward to 2019. This package
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