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Tsipras upbeat after vote, Eurogroup but deal details may still present problems
PoliticsGreek Politicsperiod in Parliament lies ahead given that the government also has to legislate the 1 percent of GDP
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Coalition prepares final legislation for review, opposition expects no upsets for now
PoliticsGreek PoliticsAnother week devoted to drafting and voting new legislation awaits the government, which aims to complete the remaining bailout measures ahead of the May 24 Eurogroup. Another 1 percent of GDP in fiscal measures (mostly indirect tax rises) are needed, along with the final framework for the sale
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingand 0.3 billion to other securities. On the capital front, the bank’s phased-in Common Equity Tier 1
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Tsipras seeking repeat of full support from coalition MPs in upcoming bailout vote
PoliticsGreek Politicsbillion euros (1 percent of GDP) in mostly indirect tax rises, the framework for the sale of non
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Apartment prices fall at slightly slower pace of 5 percent in Q1
EconomyMacroeconomy, point to a further decline in housing prices by 5 percent in 2016 and 1 percent in 2017.
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Primary cash surplus improves to 2.93 bln at end of April
EconomyMacroeconomypositive and reached 1 billion improving from last year’s surplus of 703 million. The budget execution
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Tsipras, against all odds
Agorawho believe that after a 1- or 2-year-period of hardship, Greece would be better off with its own
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Eurogroup sets conditions for disbursements totalling 10.3 bln to take place
EconomyProgrammeof 7.5 billion in the next few weeks. These prior actions involve: 1) A correction
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Newsletter 75 - 27/05/2016
Eurogroup reaches agreement IMF lowers long-term GDP and primary surplus assumptions Parliament approved last Sunday the multi-bill with prior actions requested for the completion of the first programme review. The bill included parametric fiscal measures yielding 1 percent of GDP by 2018, opened
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OECD sees economy picking up from second half of 2016, underlines need for reforms
EconomyMacroeconomyin 2017. Exports and imports are seen dropping 1 and 1.9 percent respectively this year and increasing
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