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Newsletter 113 - 31/03/2017
in the course of 2016 is expected to continue this year, albeit at a slower pace. 2 Deposit outflows continue
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Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb
EconomyMacroeconomyGreek households’ new time deposit rate dropped by another 2 basis points (bps) and landed at 0.67 percent in February, Bank of Greece (BoG) figures showed on Friday. The headline figure represents a new record low since 2002, when Greece entered the eurozone. It stands 24 bps above the euro area
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Progress seen in Brussels talks but no deal in sight yet
PoliticsGreek Politics, appears insistent that the whole 2 percent of GDP in measures should be adopted in 2019, which
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Trade deficit surges 17.7 pct in Feb on double-digit growth in imports
EconomyMacroeconomy, trade deficit reached almost 2 billion. The breakdown by geography revealed imports from non-EU
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Outline deal clinched at Eurogroup, focus now moves to Athens
PoliticsGreek Politicsto implement 2 percent of GDP in measures in one go in 2019 (a possible election year), unless
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Foreign minister opens up about EU concerns
PoliticsForeign Policyfiscal repercussions from the Brexit, 2. To safeguard the rights of Greeks working and studying
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Debt relief moving to centre stage in programme discussion
PoliticsGreek Politics, before the target drops to around 2 percent.
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Debt talks to be prime focus after Easter
PoliticsGreek Politicsto the politically painful measures that his government has to approve, such as 2 percent of GDP in fiscal
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Since 2010, declared income has plummeted but tax due has risen
EconomyFeaturesof pensioners by 20.2 percent to 2 million and a modest decline in their total declared amount by 2.9
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IMF downgrades Greek GDP and unemployment forecasts
EconomyMacroeconomyin Q4 2017 and 2 percent in Q4 2018. The Fund upped its estimate for the jobless rate to 21.9 percent
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