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Here's what's in the 2015 draft budget the Greek government has just unveiled
EconomyMacroeconomy, the MoF anticipates the primary surplus will reach 3.6 billion euros (2 percent of GDP), lower than... as well as T-Bills with duration higher than 6 months. The MoF also notes that the coverage of short..., public consumption is seen remaining in negative territory (-2 percent). According to the MoF, domestic
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Newsletter 1 31/10/2014
billion euros under the baseline scenario and 4.6 billion under the adverse one. This included the 6... surplus (2 billion euros) under the dynamic adverse model. Eurobank’s minimal shortfall of 18 million... improved by more than 12 points. Economic sentiment peaked at 104.1 in June. 2 Banks still face
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomy(1.8 percent of GDP), lower than the 2 percent incorporated in the draft budget and the 2.3 percent... reiterated it plans to issue 7- and 10-year bond as well as T-Bills with durations of more than 6... in negative territory (-2 percent). Unemployment is seen easing by 0.7 percentage points (pp) in 2014
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomyprevious estimates published on May 6. For 2015, OECD expects GDP to accelerate to 2.3 percent (from... in the implementation of pending structural reforms that could undermine investor sentiment, 2) the very...: 1) more credit from the banking sector following the recapitalization, 2) better export performance
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The government decisions that could shape the future of Greek banks
Economy. HFSF currently holds: 1) a minority stake in Eurobank (35.41 percent) and 2) a majority stake... Anastasia Sakellariou on February 6. Discussions focused on the HFSF activities to date, its... of this intervention was estimated at 2 billion euros. Since further details have not been disclosed
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Greece submits reform proposals but Eurogroup unlikely to be moved
EconomyProgrammeand also connect with KEPE, the government’s Centre for Economic Research. 2. The second reform involves... to be hired on a strictly short-term, casual basis (up to 2 months and without any prospect of being... specified a revenue target. 6. The sixth reform relates to anti-bureaucracy, self-informing public
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Unemployment rate edges up to 26.1 pct in Q4 2014
EconomyMacroeconomythan 2 pp YoY to 29.6 percent. However, it is still more than 6 pp above that of men at 23.3 percent... a decline by 2 pp YoY to 24.7 percent. In contrast, the 45-64 age group displayed a marginal drop
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Greek gov't tables draft law on installments for unpaid taxes: Here's what's in it
EconomyMacroeconomy. In particular, for upfront payment the amount of penalties and surcharges is eliminated, for 2 to 5 installments the reduction is 90 percent, for 6 to 50 installments it is 80 to 60 percent, while for 51.... The report also notes that the Ministry aims to collect 2 billion over the next eight years
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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingincome (PPI) fell 12 percent quarter on quarter (QoQ) to 363 million in Q4 reflecting a 2 percent drop... and consumer remained almost stable. Coverage ratio rose by 6 pps QoQ to 60.4 percent, with Greek..., loan to deposit ratio deteriorated by 2 pps QoQ in Q4 to 95 percent for the group and to 83 percent
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Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
Economyincluding bonds held by the private sector. 2) Arrears to the IMF would not in and of themselves..., if not the title, of a third programme of policy-conditional financial support. 2) An acceleration of Greece's... review on Greece. On February 6 Moody’s placed Greece’s ‘Caa1’ government bond rating on review
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