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The key points from lenders' proposals to Greece
EconomyProgrammeprimary surplus targets of 1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... that the VAT reform targets a revenue increase by 1 percent of GDP or 1.8 billion on an annual basis... to be effective as of July 1, compared to October 1 for the Greek government proposal. Other fiscal
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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyprimary surplus of 2 percent after 2018, extension of all eurozone loan maturities by 20 years... ratio of 180 percent a reduction in the average interest rate by 1 percentage point (pp) reduces the debt ratio by 1.8 pp, while a rise in the primary surplus by 1 pp of GDP lowers the debt ratio
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Newsletter 198 -15/03/2019
on €1 bln package The Greek government failed to convince eurozone finance ministers this week to approve almost 1 billion euros worth of debt relief measures and remained locked in talks with its... first month of trading and since issuance the yield has dropped by nearly 1 percentage point, 80
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomymonth by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according... in May. On corporate lending, there were two marked movements: 1) A drop by 30 bps in loans for amounts over 1 million to 4.68 percent, which is the lowest reading since October 2010. 2) A rise by 47 bps
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EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economytargets. In specific, a primary deficit of zero to 1 percent is now projected for 2015, a primary balance of 1 to 0.5 percent in 2016 and a primary surplus of 2.25 to 2 percent in 2016. However... the next three years, the EC projects they would reach 81.7 billion and stem from: 1) Bank
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Newsletter 209 -07/06/2019
7 vote In what will probably be its last act as a government, SYRIZA was due to adopt legislation... spot ahead of the July 7 vote, possibly resulting in a situation where SYRIZA can argue... have an estimated impact of around 1 percent of GDP, or 1.8 billion euros, and is seen as being
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Where is Odysseus? Part 6 - Potential real GDP
Agoraon the macroeconomy of Greece.[1] In blog 16, we updated Greece’s demographic projections and found... and bigger recovery of Greece. In blog 20, however, we documented a glitch, because productivity per... scenario to account for uncertainty. Then, in blog 20, we updated the long-run baseline outlook
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Where is Odysseus? Part 2 - Uncertainty
Agorawith data through mid-2018.[1] The book presents a long-run baseline scenario for Greece to help make... pressures. In Part 1 (Blog 16) of our follow up, we recalculated the baseline demographic outlook... looking uncertainty interval. Consider Figure 1 below, which shows not a single updated demographic
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Newsletter 54 - 04/12/2015
. At the same time, tax arrears have increased by around 1 billion per month, to reach a total of 10.38... on November 20 and is due to be voted on December 5, foresees revenues of 49.11 billion in 2016, up by 1 percent on the 2015 figure of 48.62 billion. The Finance Ministry has incorporated revenue
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Labour Force Survey, Quarterly, 20 - 24, Unemployment Rate
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