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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
Economycapital benefit, estimated to be in excess of 2 billion euros for the four systemic Greek banks... under pillar III), Greek government bonds (close to 6 billion post PSI and debt exchange in late... Governing Council meeting on November 6. It is expected that any move by the ECB would be closely tied
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Newsletter 5 - 28/11/2014
markets. Unlike an application for a precautionary credit line (ECCL) or 6- or 12-month extension... is that with PASOK polling under 6 percent in most opinion polls, success would be hard to come by if one... million off target. 2 From Paris to London No happy returns yet for Athens in crucial troika talks
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammethat Greece’s funding needs for 2015 range between 6 and 12 billion euros. This means that the 10.9... threat related to the financial stability in the eurozone. 2) A debt sustainability analysis... access is not possible without a safety net. 6) Continued improvement of external balance
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Bookies' odds against SYRIZA emerging with majority from Sunday's elections
PoliticsGreek Politicsin Parliament, which are seen by bookies at 6 or 7 with a marginal deviation among the two options. In particular, odds for 6 or 7 parties stand at 2 and 2.10 respectively, while those for 8 or more
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Newsletter 32 - 26/06/2015
percent, a reduced at 13 percent and a super-reduced at 6 percent. The latter currently stands... pensions from 4 to 6 percent and to a similar level for supplementary pensions, where the rate is now... is largely due to primary expenditure being below target. 2 Flexibility in short supply Government
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Greece submits proposals to lenders in hope of paving way for agreement
EconomyProgrammeof 6 percent on pharmaceuticals, books and theatre, 13 percent for basic food, energy, hotel... revenues estimated at 200 million 2) Increase the corporate tax rate by an additional one percentage point... in nominal terms until 2021 · increase in the health contributions for pensioners from 4 to 6 percent
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgramme-reduced rate was set at 6 percent for pharmaceuticals, books and theatre and a reduced rate of 13... with property or capital income. 2) Identification of business income tax incentives and integrate... percent (from 11 percent) and for annual income above 12,000 euros to 35 percent (from 33 percent). 6
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Lenders also require health and labour market reforms from gov't in next months
EconomyProgrammefor pensioners. In specific, health contributions for main pensions have been increased from 4 to 6 percent, while for supplementary pensions a similar rate of 6 percent was introduced for the first time... back ceilings for diagnostics, private clinics and pharmaceuticals for the next three years 2
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Crisis management policy: the sad lesson of the Greek case
Agorareview of the 2015 agreement, a structural general government surplus of 6–7 percent of GDP in 2016... thereof. However, there is no reason to believe that the 6–7 percent could be reduced to lower than 4... 2016 to 2018. Accordingly, there is an obvious risk that optimistic EU growth scenarios of 2–3
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Newsletter 79 - 24/06/2016
that of ECB funding. The switch to ECB funding as of June 29 would entail cheaper liquidity of 5–6 billion... and further by 3.9 billion until July 6. Since mid-August, the ECB has lowered the The ECB says...). Fall in goods deficit contributed to the improved current account figures. 2 From Brexit to Berlin
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