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Greece is gasping for a deal
Agorapayments. This has left the new government, which is still unable to agree on a set of reforms... ratings by one notch to “CCC+/C”. It estimated that the Greek economy has shrunk by 1 percent over... to be that a set of reforms will be agreed that triggers the release of enough funding to get Greece through until
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Newsletter 35 - 17/07/2015
of this amount includes: 1. Amortisation of SMP and ANFA bonds held by the Eurosystem (12.7 billion); 2... fell below the 1 billion mark by the end of May. The commission anticipates that the new programme... Minister Alexis Tsipras delaying an expected reshuffle, which will set the tone for the domestic political
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Newsletter 37 - 31/07/2015
see Greece being on course for a primary deficit of 1 percent of GDP this year, compared to the last forecast for a 1 percent surplus. Beyond that, the various parties have to get down to discussing... definition of a growth strategy and investment agenda for Greece is subject to a set of economic conditions
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Management of NPLs to test gov't in negotiations with lenders
EconomyFollowing an agreement on foreclosures that was part of the first set of milestones, Greece now has... of 1 billion euros. The government is due to adopt legislation regarding the licensing and regulation... of the first programme review. Among the other topics including in the NPL prior actions, we highlight: 1
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Newsletter 62 - 12/02/2016
, which would be reduced by 1 percentage point for incremental income of 1,000 euros. Thus, the discount... euros etc. The income ceiling would be set at 55,000 euros, where a 5 percent discount would apply.... The government also set aside its initial concerns about the German–Turkish plan to have a NATO rapid
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Newsletter 64 - 26/02/2016
Turkey since January 1, compared to 4,500 in the same period last year. have arrived by sea... the meetings, held on Monday and Thursday, the government proposed a new set of measures to farmers, aiming..., Greek banks’ pro-forma Common Equity Tier 1 (CET1) and total capital adequacy ratio reached 18 percent
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Amid risk of 2015 re-run, Greece searching for deal with lenders
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2013/11/06/tsipras_1000_myrto_0511-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
PoliticsGreek Politicsto complete the set of measures needed to raise another 1 percent of GDP in revenues from income tax... the top rate of VAT from 23 percent to 24 may help reach the 1 percent of GDP target needed from... it did not yet reach an agreement with the creditors. The government wants to set the tax-free threshold
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Newsletter 77 - 10/06/2016
cumulatively 10 billion in the next 25 years, while is expected to result in an incremental rise of 1... procedure could set a precedent that would be open to abuse in the future. Given Pavlopoulos’s stance..., electricity production slipped 1 percent. Mining and quarrying plummeted 24.3 percent
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S&P affirms Greece’s rating with stable outlook
Economynotches above that of Moody’s (‘Caa3’ set on July 1, 2015) and two notches higher than Fitch (‘CCC’ set on August 18, 2015). The rating agency said the affirmation reflects its assessment... at the high-end of the eurozone, S&P notes. For 2016, S&P forecasts GDP to contract 1 percent, versus
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Tsipras tries to resolve trash row as opposition goes on offensive
PoliticsGreek PoliticsThe government looks set to overcome one of the domestic problems that has been troubling it over... the meeting, the prime minister set out the government’s ideas for ending the dispute. This was based... regarding the Noor 1 drug smuggling case. Kammenos responded in Parliament on Monday to questions from
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