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Newsletter 17 - 27/02/2015
bodies (repos) or delaying payments to suppliers. However, the state already owes 3.75 billion euros
3% -
Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
Economyagency expects the government to continue to run arrears to suppliers to offset weaker-than-budgeted
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Greece to pay IMF but concluding negotiations will be a tougher task
PoliticsGreek Politicsreported on Saturday that as much as 700 million euros might not be paid to suppliers and others
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S&P downgrades Greece, sees economy shrinking by 1.5 pct in 2015
Economygovernment issuing IOUs to pay employees, pensioners and suppliers. These IOUs could circulate
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Newsletter 23 - 17/04/2015
to suppliers. By the end of March, the coalition’s primary expenditure was 1.2 billion euros below the budget
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Greece is gasping for a deal
Agoraon payments to suppliers. By the end of March, the coalition’s primary expenditure was 1.2 billion euros
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Lack of liquidity, political cost push Greek gov't to seek swift deal with lenders
PoliticsGreek Politicsor pensions (rather than lenders or suppliers) might not be paid. A couple of hours later, Mardas claimed
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Manufacturing PMI drops to 46.5 in April, lowest reading since June 2013
EconomyMacroeconomyto weakening euro. The survey also showed that suppliers’ delivery times rose for the fifth
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Newsletter 25 - 08/05/2015
arrears to suppliers and vendors, it provides short-term cash relief for the government
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Growing scepticism of SYRIZA strategy but opposition parties fail to profit
PoliticsGreek Politicsgovernment cash reserves and the delay in payments to suppliers) and the continuing deposit outflow
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