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Leaked IMF exchange sours mood before bailout review resumes
PoliticsGreek PoliticsThomsen floated the idea of pushing for a 1.5 percent of GDP primary surplus target in 2018, rather than... more of it than that. Tsipras reacted swiftly to the leak, calling an emergency meeting with key..., did not suggest that he wants to use the leaked conversation for anything more than
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Tsipras plays to domestic gallery over IMF dispute
PoliticsGreek Politicsis undesirable. However, the rhetoric against the IMF did not get more aggressive than this, suggesting that the purpose of Monday evening’s exercise was to rally SYRIZA lawmakers rather than launch a concerted... painful and unfair than those that would have been adopted by a New Democracy government. At no point
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Current account deficit narrows by 45 pct to 804.3 mln in Feb
EconomyMacroeconomy) more than offsetting a worsening in the services surplus by 226 million. The breakdown showed... that of exports. The decline in the services’ surplus by more than 59 percent mostly reflects a nosedive... than offsetting a reduction in the services’ surplus by 443 million. Imports of goods dropped 10.9
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EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
Economy. EC noted that the slower than initially anticipated recession this year is largely due to the more... of the first programme review. Potential upside risks include a faster than expected improvement... programme, slowdown in the global trade as well as a higher than expected negative impact of the refugee
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Tsipras gets full support in pension and income tax vote, moves on to Eurogroup
PoliticsGreek Politicsto focus on spending cuts rather than tax hikes if he comes to government. Tsipras admitted to being under..., rather than an indiscriminate mechanism triggering cuts in all ministries, and to be legislated now... that the bailout review still has some time (weeks, rather than days) to run while efforts to create
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammerate of expenditure cuts. If the primary surplus is off track by more than 0.25 percent of GDP... in case of a natural disaster or other force majeure with a fiscal impact higher than 0.5 percent of GDP... than targeted.
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With review completion in sight, which way next for Greece?
AgoraKammenos to walk out over a reference by Migration Minister Yiannis Mouzalas to “Macedonia” rather than... to take corrective action. Given that more than 80 percent of public spending in Greece... of GDP) than the one that might be called for in 2017. This could then trigger the previous scenario
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammethat it could be concluded in less than one month. NPLs The second key issue relates to the non-performing... in municipalities with less than 2,000 inhabitants who declare annual income below 10,000 euros... noting that ELA cost stands 150 bps higher than that of ECB. After the implementation of prior
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If you think it's bleak for Greece now, wait until tomorrow
Agoraplayers in shaping policy in Greece recently foresees that it will take more than four decades... worse than the rest of the euro area. The combined effect of all this is that labour will contribute... saw growth of 1.2 percent. The equivalent for Ireland has been more than 2 percent. Since reforms
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Linking of ex-PM with centre-left role highlights inertia, not momentum
PoliticsGreek Politicssocial democrats are having rather than any sign that momentum could be building. Reports over... spectrum. According to the reports, Simitis is seen more in the role of facilitator rather than... democrats are encountering rather than any desire on Simitis’s part to rekindle his political career
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