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Newsletter 378 - 28/04/2023
Kyriakos Mitsotakis and his New Democracy party as he set out his economic agenda for a second term.... On the digital front, Mitsotakis said New Democracy set a target of putting 90 percent of public services... the four-year term. ND officials hope that the pledges set out by the PM will help the party build
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Under-fire PM pledges civil defence improvements following summer of destruction
PoliticsGreek Politicsto help Greece respond to the “uneven battle with climate change”. This set the tone for much of his... in the future. The PM added that Greece would increase the tax on luxury accommodation, rising from 1 euro per night to 6 euros, in order to raise some 300 million euros that would be set aside to boost
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Rental subsidy rekindles political debate over housing crisis
PoliticsGreek Politicsincome criteria are set to receive a refund of up to 800 euros annually each November, equivalent to one... that its previous subsidy schemes, My Home 1 & 2, failed. He also criticised the PM for failing... authority are elected. Under the government’s latest proposal, as set out in the newspaper, a threshold
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2014 draft budget: An ambitious fiscal consolidation targeting a primary surplus of 1.6 pct
EconomyMacroeconomypercent of GDP). On the debt front, gg debt is set to slightly ease to 319.4 billion (174.5 percent... amount to 16.5 billion and stem from: 1) 5.23 billion issued in 2009 for bank recap, under the Liquidity... for the anticipated improvement in 2014 are: 1) a turnaround of investments, targeted to increase
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When will Greek banks operate as credit institutions again?
Agora27 per cent between 2010 and Q3-2013.[1] But this apparent success story risks being undermined...-oriented to southeast Europe, including Greece, which is seeking a loan of 1 million euros from its local... for core tier one capital ratios set by the European Banking Authority (EBA). In return for this capital
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Why did Greece return to bond markets now? Was it the right decision?
Economyargue. We have set out four key questions about the bond, issued under English law, that should help illuminate this debate. 1) Why did Greece issue this bond now? The Greek government had been... in Greece’s upcoming T-Bill auctions, which are expected to ease to between 1 and 1.5 percent from
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeclearance of 2.5 billion in 2015, which resulted in an increase of the debt-to-GDP ratio by 1... of alternative funding have decreased the projected 2020 debt ratio by 1 pp each. Debt sustainability... in general government subsectors could be utilised under a repo framework recently set up. d
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Eurosystem funding for Greek banks shoots up by 11.2 bln in December
EconomyMacroeconomyin December reflects the combined effect of: 1) Deposit outflows of circa 3 billion in December, which...) Higher haircut on state-guaranteed ECB collaterals which reduced the system’s liquidity by almost 1... eligibility as of March 1, 2015. These collaterals relate to pillar II bonds of a government liquidity
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Greek DSA: Don't Say Anything about the debt
Agora. There is a forecast for high privatization proceeds that exceed 1 percent of GDP each year until 2020, peaking at 1.7... of the privatization proceeds assumptions that will not exceed 1 percent of GDP for debt purposes would... for all participants. The assumptions that were set out at the end of 2012 and were maintained
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Greece deal hangs in balance as IMF sees major differences
PoliticsGreek Politics) agreed to the institutions' target of a 1 percent of GDP primary surplus for this year. Tsipras did... that Greece might be offered a deal that softens lenders' positions beyond those set out in the proposal..., according to the IMF spokesman. Lenders want Athens to cut spending on pensions by 1 percent of GDP
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