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Newsletter 417 - 22/03/2024
days. In Moody's latest credit rating review, released last Friday, the agency did not offer Greece..., with lower profitability volatility and improved asset quality and capital buffers, would be credit positive and could lead to further upgrades. Other credit positive developments would be the result
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Newsletter 428 - 21/06/2024
was to bring prices for consumers down. Mitsotakis added the government had decided to maintain low VAT... political commitments. In addition to the targeted VAT freeze, Finance Minister Kostis Hatzidakis...: Development, Migration, Interior, Labour and Agricultural Development. The new head
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What does a bailout exit with a precautionary credit line mean for Greece?
EconomyProgrammethat “there is a strong support for a precautionary credit line in a form of Enhanced Conditions Credit Line (ECCL).” But what does this mean for Greece? This is quite different from the hybrid credit line proposed by the Greek Finance Minister Gikas Hardouvelis, which would consist of a new credit line
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Despite speculation, post-MoU credit line seems unlikely
EconomyProgrammefor a precautionary credit line to support its exit from the programme in the summer. The working... during the meeting that Athens taking out a credit line would be a more preferable exit option.... If there is no credit line, and therefore no clear conditionality, the ECB would not be able to accept Greek
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Mitsotakis, ND officials rebuff suggestion of credit line
PoliticsGreek Politicsthe suggestion that if their party wins the elections it will apply for a precautionary credit line from... this would be accompanied by an application for a precautionary credit line that would allow Greece... adjustment programme as the precautionary credit line would come with conditionality. SYRIZA officials lined
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Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
EconomyMacroeconomythanks to 829 million euros over-performance in property tax ENFIA due to earlier collection. VAT intakes
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Final budget execution for June affirms solid revenues, driven by VAT and income tax
EconomyMacroeconomyestimated to be collected in September and October respectively, as the ministry outlines. VAT revenues
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VAT, income taxes lead budget outperformance as primary balance deficit eases to 1.16 bln in Jul
EconomyMacroeconomy. VAT revenues beat the target by 1.15 billion euros. ENFIA was above the target by 1.25 billion euros
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Budget primary balance to Aug beats target by almost 6 bln as VAT, income and property taxes drive revenue outperformance
EconomyMacroeconomyestimated to be collected in September to December. VAT revenues beat the target by 1.45 billion euros
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Budget primary surplus of 4.2 bln in Feb beats target on back of higher VAT, income taxes
EconomyMacroeconomyby 1.25 million euros, while transfers were up by 457 million euros. VAT revenues amounted to 4.11
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