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Athens set for 6.7 bln bailout tranche, talks on post-MoU framework
EconomyProgrammewill be able to receive its next tranche of bailout funding once a few remaining prior actions... addressed, even though just over 10 prior actions had not been completed. These, however, mostly just... euros will be released once the prior actions have been completed: 3.3 billion euros will go towards
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Greece issues 7-year bond, moves closer to wrapping up third review
EconomyProgrammestock of what progress has been made in completing the remaining prior actions that will bring the third review to a conclusion. Prior actions At the last Eurogroup, it had been established that 95 of the 110 prior actions had been completed. According to Greek Finance Ministry officials, the number
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Athens facing final steps in third review as next milestones identified
EconomyProgrammefor three key prior actions to be completed by next Monday. These relate to the imminent decision from... that there are a total of seven prior actions that need to be completed by Monday, which included the payment... to get the wheels in motion for the fourth review, which contains 88 prior actions that include
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Work on post-programme framework continues despite tranche holdup
EconomyProgramme, the reason for the holdup will be of concern to the Greek government. Two of the 110 prior actions...-auctions flowing smoothly. “Of all 110 prior actions, only two are still outstanding, which are outside... the disbursement of 5.7 billion euros once the institutions validate the completion of the pending prior actions
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Athens hopes for next bailout tranche as first phase of review talks conclude
EconomyProgrammeEurogroup did not give the green light for the release of the funds as two prior actions were... prior actions can be settled quickly and which will need further discussion in the coming weeks. One... has made the task extremely difficult. Athens had been due to deliver on this prior action by the end
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Doubts about whether package deal with lenders is feasible by June
EconomyProgrammeThe completion of the fourth review and the possibility that a delay in ticking off the 88 prior... is behind on everything. The report highlights the prior actions regarding energy liberalisation as being... for everyone involved. If the government manages to conclude the vast majority of prior actions
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Lenders still aiming for completion of fourth review in May
EconomyProgrammemonth even though dozens of prior actions have not been completed. Speaking to reporters in Brussels... is still feasible, although difficult. Given that only around 10 of the 88 prior actions have been done... that some of the prior actions do not require any new legislation. It is also expected that some
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Marginal deposits outflow of 212 million euros in August
EconomyMacroeconomybillion in August almost flat mom. It is also worth noting that total deposits – including euro
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2014 draft budget: An ambitious fiscal consolidation targeting a primary surplus of 1.6 pct
EconomyMacroeconomyin 2014 from -7.0 percent in 2013). Note that nominal GDP is anticipated to remain almost flat yoy
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Greece's building activity continues its nosedive in July
EconomyMacroeconomyGreek building activity (measured by the number of building permits) dropped 24.0 percent in July with the respective surface figure easing 8.6 percent, while volume remained flat year on year, according to the Hellenic Statistical Authority (ELSTAT). Moving to the aggregate figures, which strip
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