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Apartment prices see 22nd straight quarter of decline: Down 7.3 pct in Q2
EconomyMacroeconomythe electricity bills) in autumn 2011, which raised revenues of 2 billion per annum. Effective from July..., incorporated in last Greek banks’ stress tests assumptions, foresee a 6.2 percent decline in 2014 and 2
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S&P upgrades Greece one notch to B, sees growth in 2015
Economy’ on August 2 and of Fitch by one notch to ‘B’ on May 23. Moody’s rating stands two notches lower than... of 2 percent of GDP in the next three years, which is less than half the 4.5 percent target
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Finance Ministry challenges SYRIZA's plans for economy, ups cost
Economybillion above the 2 billion SYRIZA forecasts b) The increase in the Public Investment expenditure, which... to 12,000 euros (at 2 billion by the MoF, 500 million above that of SYRIZA) b) increased funds for local
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Primary surplus inches up to 2.9 pct in Greece's 2015 draft budget
Economyexecution in 2014. The 8-month budget primary surplus stood close to 2 billion euros, outperforming... with To Vima, Staikouras said that under current estimates 2014 primary surplus is estimated at 2
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Here's what's in the 2015 draft budget the Greek government has just unveiled
EconomyMacroeconomy, the MoF anticipates the primary surplus will reach 3.6 billion euros (2 percent of GDP), lower than..., public consumption is seen remaining in negative territory (-2 percent). According to the MoF, domestic
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IMF lowers medium-term forecasts for Greek debt, 2014 financing needs
Economyand by a further 2 pp in 2015. The IMF expects the current account (C/A) balance to remain positive albeit... forecasts stand up to 2 pp lower than in April, at 152 percent in 2017 and 135.3 percent in 2019. On gg
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Tourism helps bring Greek unemployment down to 26.4 pct in July
EconomyMacroeconomy. In contrast, the jobless rate in the 55-64 age group increased by more than 2 percentage points YoY to 17.2... percentage points (pp) in 2014 and by a further 2 pp in 2015. Note that the average jobless rate so
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Deflation rises again in Greece: CPI down by 0.8 pct in September
EconomyMacroeconomyand services, only 2 posted an increase in prices, namely health (up 3.8 percent) and alcoholic beverages... (down 2.4 percent). A more moderate drop in prices was displayed in recreation and culture (-2
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Greece changes banks' DTA conversion law to secure ECB/EBA approval
Economy(annual) profit loss. For example, if a bank has a capital of 10 billion, of which DTC is 2 billion (20... of DTA conversion to DTC (north of 2 billion euros for the four systemic Greek banks
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Newsletter 1 31/10/2014
surplus (2 billion euros) under the dynamic adverse model. Eurobank’s minimal shortfall of 18 million... improved by more than 12 points. Economic sentiment peaked at 104.1 in June. 2 Banks still face
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