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Greek debt: A case of learned helplessness?
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2014/09/29/parliamentfence_1000_myrto2909-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Agorahe brought up the issue. It spoils the narrative to argue that Greece’s debt as of the end of last..., when the program was initially set up, out of the 87 billion euros scheduled to be disbursed between.... In 2009 interest payments represented 5.2 percent of GDP but in 2011 they shot up to 7.2 percent. Greece
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How Samaras backed himself and Greece into a corner over bailout exit
Agorato distance himself from the tax, arguing that it had been designed before he took up the post. In the end... further debt relief for Greece, which Samaras had held up as the government’s prime prize for the last... to rise in the wake of Samaras’s announcement in Berlin, shot up last week to around 9 percent
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomyobligations in up to 100 monthly installments at half the previously imposed interest rate. Revenues... billion euros, up by 484 million YoY, mainly reflecting higher personal tax (+520 million to 8.74... to reach 4.73 billion, up by 754 million compared to the MTFS. Expenditure Budget primary expenditure
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Newsletter 17 - 27/02/2015
in 2015 and pick up in 2016”. The central bank believes the key risks this year relate to the government... that the cleaning up of bank loan portfolios accelerated in 2014 with write-offs reaching 446 million... that failure to live up to the terms would lead to the agreement being declared null and void
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Newsletter 18 - 06/03/2015
the rollover concerns funds placed in December, when foreign investors were no longer taking up Greek T-Bills. Thus, Greek banks, which had taken up the bulk of those T-Bill issues in December... to increase their participation. Thus, any incremental take up would only stem from investors other
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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammewho pay in (up to 100) instalments. Note that the previously announced 50 percent haircut on tax... allowance of 100 euros per family per month for up to 300,000 households budgeted at 137.7 million... debt and free supply of electricity up to 300Kw/h per month per household for up to 150,000 households
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Newsletter 23 - 17/04/2015
, the institutions had reportedly given Greece six working days to come up with a new list of fiscal..., for instance, is vehemently opposed to opening up the energy sector to private investors. Similarly..., the LLR now correspond to 19 percent of gross loans, up from 16 percent a year earlier. The double
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Greek talks go down to the wire as IMF raises major objections
PoliticsGreek Politics. The IMF requests pension cost savings up to 0.5 percent of GDP for 2015 compared to 0.37 percent... to cover the anticipated annual cost of up to 1.5 billion that resulted from the recent Council... it will be to wrap up proceedings at the Eurogroup. There have been reports that Eurogroup president
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Agreement creates array of political challenges for Tsipras, who must move fast
PoliticsGreek Politicswas one of seven SYRIZA MPs who abstained in Saturday’s meeting and has refused to give up her... are also demanding that by July 20, the government come up with a plan to reform the public... the creation of a new independent fund run by experts that would control up to 50 billion euros
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Greek banks in intensive care: What lies ahead?
Agoratax asset (DTA) makes up more than half of the reported equity. Overall, DTA amounted to 15.6... billion. Summing up, the potential cushion to cover the 24.3 billion from an 8 percent bail... percent of liabilities, a contribution from the resolution funding arrangement up to 5 percent
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