Search
-
IMF still sees fiscal gap in 2018 - no action needed, for now
EconomyProgrammedecade, when the Greek growth estimate eases to 1 percent in 2022. This year’s GDP will be boosted... include the legislated post-programme measures of pension and tax reforms equal to 1 percent of GDP each... claims) will increase at around 1 percent per year. The Greek Finance Ministry expects lower inflows
7% -
Capital controls to be loosened further, restrictions on foreign cash removed
EconomyMacroeconomyDecember 1 to withdraw 100 percent of a cash amount transferred into current accounts held with Greek... into effect on September 1 this year. The procedure is defined by the Committee for the Approval of Bank... conditions described in the first intermediate step. As of September 1, the withdrawal limit for individuals
7% -
Industrial turnover falls by 0.8 pct in Sept, down for first time since Oct 2016
EconomyMacroeconomyby an increase in mining and quarrying by 10.6 percent, along with a fall of 1 percent in manufacturing..., capital goods by 7.2 percent and consumer non-durables by 1 percent. Intermediate goods were up by 9.7... by 1 point.
7% -
Banks gear up for stress tests, with results due in May
EconomyBankingby 0.5 percent this year and grow by 1 percent in 2020, whereas commercial real estate will grow by 0.3..., Greek banks had a systemwide Common Equity Tier 1–CET 1 of 17.1 percent, while Capital Adequacy
7% -
Green light for next bailout funds as Commission stands ground on post-MoU scenarios
EconomyProgrammetowards the growing cash buffer and 500 million euros will be used to reduce state arrears. Another 1... from May 1 onwards and the full 1 billion euros will be destined for arrears clearance. The ESM also
7% -
Fiscal issues appear settled as Greece and institutions head for review deal
EconomyProgramme, which means that the 1 percent of GDP in pension cuts will kick in from the beginning of next year... to generate an extra 1 percent of GDP in revenues, should be implemented next year. The Greek... to pensioners just before the pension cuts take effect on January 1. There also seems to have been
7% -
Apartment prices increase by 0.8 pct in Q2 for first rise since Q4 2008
EconomyMacroeconomyof 2017, the decline in property prices came to an average drop of 1 percent, improving against.... The equivalent change in prices for Q2 2017 came to a decline of 1 percent. Due to capital controls... exposures (NPEs) as of Q1 according to the BoG. Building activity rose by 1 percent in April, which put
7% -
Lenders appear at ease with Tsipras pledges, cautious on pension cuts
EconomyProgrammeservices, as well as other civil servants would receive before the end of the year around 1 billion... rate dropping 1 percentage point from 13 percent to 12. There was no immediate negative reaction from... necessary and that the Greek side will argue in its discussions with the creditors that going ahead with a 1
7% -
Lenders set to keep coalition waiting for answer on pension cuts
PoliticsGreek Politicsthe draft budget, which the Greek government is due to table in Parliament on October 1 and then send... about whether the 1 percent of GDP reduction in pension spending is still needed or not. The European... eurozone peers when he attends the next Eurogroup on October 1, which coincides with the tabling
7% -
Athens prepares 2019 draft budget amid pension cuts dilemma
EconomyProgrammethe 1 percent of GDP in reductions to pensions that he agreed with the lenders and which... 1 Eurogroup (where Finance Minister Euclid Tsakalotos will have the chance to exchange views on next..., which expected the primary surplus to reach only 1 percent. “Now the IMF says the surplus
7%