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IMF sees Greece on course to meet fiscal targets and reduce debt
EconomyProgrammeis expected to drop by 40 percentage points over the next five years, falling from 183.3 percent of GDP
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SYRIZA seeks to bolster post-MoU narrative with early IMF repayment
PoliticsGreek Politicsthey’ll drop it,” the official told Reuters. It should be noted that the approval of the European
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Trade deficit jumps by 28.1 pct in March
EconomyMacroeconomyGreece’s trade deficit rose substantially by 28.1 percent year-on-year (YoY) in March, compared to a drop of 3.5 percent in February, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed. The deficit stood at 2.08 billion in March compared to 1.65 billion in February
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Industrial turnover drops by 6.7 pct in March
EconomyMacroeconomyturnover originated largely from a drop of 10.4 percent in the manufacturing index. The turnover
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IMF highlights bailout shortcomings in latest admission of programme errors
EconomyProgrammeon sharp fiscal adjustment had a detrimental effect on the economy, as the precipitous drop in Greek
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Credit contraction falls to 0.1 pct in April, balance at 161.82 bln
EconomyMacroeconomyCredit contraction in the Greek market edged down to 0.1 percent in April from 0.6 percent in March, Bank of Greece (BoG) figures showed on Tuesday. April's credit contraction is the lowest since January 2011, when a drop of -0.2 percent was noted. As a result, the outstanding balance came
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PMI eases to 54.2 in May as exports continue to rise
EconomyMacroeconomyGreece’s manufacturing PMI dropped to 54.2 points in May from 56.6 points in April, according to the latest data from Markit PMI. April’s figure had been the highest reading for Greece since June 2000. Despite the drop in the latest month’s reading, Markit noted that the reading still signalled
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Tsipras vows to cancel reduction of tax-free threshold as SYRIZA seeks way back
PoliticsGreek Politicsthat they have also made it clear they do not intend to drop the threshold if they come to power and have
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Unemployment drops to 18.1 pct in March
EconomyMacroeconomyby age group, the largest annual drop was seen in the 65-74 years age group, where the rate fell
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Tsipras tries to use Brussels warning to his political advantage
PoliticsGreek Politicswill be brought down from 28 to 20 percent over two years, he added. Dividend tax will drop from 10 to 5 percent
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