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Newsletter 29 - 05/06/2015
of these reasons, snap elections may seem like a good way out of Greece’s predicament in theory but they would... by 1.5 points in May, reaching 48. However, data showed a further decline in output, with new orders down... for the ninth successive month in May. 2 Arduous and exhausting Past eight months are a textbook example
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Newsletter 30 - 12/06/2015
on Greek ELA availability. which relates to May and the remaining 2.8 billion to the first ten days... and may have to leave the euro. The Greek government has remained largely silent amid... (CPI) fell by 2.1 percent in May, which was the same rate of decline as in April. This means the last
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Greece and lenders talk at cross purposes, head for crisis summit
PoliticsGreek Politics-term funding concerns. Varoufakis also vehemently denied a report that the ECB warned Greek banks may... published in late May, Greek banks held collateral that could provide them with an additional ELA... developments in Athens, both within SYRIZA and among opposition parties, may influence the process
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Economic sentiment down 0.7 pts in June, consumer confidence also falls
EconomyMacroeconomyby 0.7 points to 90.7 from 91.4 in May, according to the European Commission (EC). The June headline... decreased for the fourth successive month by 3.2 points to -46.8 in June from -43.6 in May. Despite... the improvement by 2 points recorded in May. The retail trade indicator deteriorated by 3.7 points
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What next for Greece's revenues and spending?
Agora. However, budget revenues in May fell short of the target by 1.05 billion euros, with Finance Ministry...-thirds of revenue underperformance in May. Overall, revenues (before tax refunds) reached almost 18... and the absence of ANFA income, the actual figure for June may miss the target by more than 400 million
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Agreement creates array of political challenges for Tsipras, who must move fast
PoliticsGreek Politicsprominent and has indicated she may be willing to head her own party. Greece has to pass this legislation... Panayiotis Lafazanis is fiercely opposed to. However, Lafazanis may not be part of the government... may have to reverse almost all the legislation he has passed this year that rolls back on reforms
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Unpaid taxes edge up by 656 mln in June for slowest monthly rise in 2015
EconomyMacroeconomyGreece’s new unpaid taxes increased by 656 million euros in June compared to 1.03 billion in May, according to data released by the General Secretariat of Information Systems (GSIS... performance in May. Following a rebound in May and June, the collected revenues from audits on self
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For Greek banks, it's business as unusual
Agoraliquidity in their bank accounts if and when current speculation about a bail in may become the harsh... holders cannot know if a soft bail-in option may have to be implemented in due course. The four systemic... obligations may emerge from the ECB’s stress testing exercise, the four largest lenders would be well
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Tsipras bides his time on confidence vote, weighs up options
PoliticsGreek Politicsdiscussed at the moment are September 13 (which may prove too soon after the confidence vote), September.... There is also concern that going to snap elections now may jeopardise any chances of implementing... pulled back, at least for now, from his rush to call a confidence vote may indicate that he has yet
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Why Tsipras might gamble on snap elections
AgoraDemocracy are essentially under caretaker leadership. Of course, snap elections may not necessarily change... for these payments start landing on the doormat may be to Tsipras’s advantage. Striking early could also catch... in the referendum. A third gamble is now on the cards and Tsipras may be feeling lucky. *An earlier
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