Search
-
Increase in car sales accelerates to 44.3 pct in September
EconomyMacroeconomythan double from the August reading, according to the Hellenic Statistical Authority (ELSTAT... than 80 percent) of new licenses in road motor cars stems from passenger cars, which soared 46.3... than half of total motor vehicle circulation licenses, showed a slower growth rate in September
4% -
Greek economic contraction during crisis higher at 24.6 pct, revised data shows
EconomyMacroeconomyfor 1995-2013 so it is in line with the new European System of Accounts (ESA 2010) rather than... was minimal, with 2013 nominal GDP now standing at 182.44 billion euros, just 0.2 percent higher than... more than previously recorded by ELSTAT. This corresponds to a cumulative GDP contraction of 24.6
4% -
Greece said to eye exit plan with precautionary support but no new MoU
EconomyProgrammeeuros but the government reportedly estimates that more than 10 billion will still be available after... a precautionary support rather than a credit line and would be available to Greece whenever the country cannot... that the usage of HFSF capital buffer for other purposes than bank recapitalisations would require
4% -
Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomy(1.8 percent of GDP), lower than the 2 percent incorporated in the draft budget and the 2.3 percent... is forecast at 41.89 billion euros, 457 million above the MTFS but 530 million lower than those... reiterated it plans to issue 7- and 10-year bond as well as T-Bills with durations of more than 6
4% -
ILO highlights social impact of Greek crisis, proposes change in policy
Society(based on the poverty line fixed in 2008) showed that poverty in Greece has more than doubled... percentage points (pp) to 67.8 percent in 2013 and by more than 10pp to 50.1 percent for inactive... than the rest of the non-employed during the crisis. Among households, large families have suffered
4% -
Greek GDP up 0.7 pct in Q3 for third straight quarter of growth
EconomyMacroeconomyon year (YoY) in Q3, higher than the flash estimate of 1.7 percent, according to the provisional... figures imply the domestic economy grew by 0.7 percent in the 9-month period, slightly higher than... than 70 percent of GDP and has declined by more than 24 percent since 2008, mainly reflecting
4% -
Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
EconomyMacroeconomyhigher than that of Ireland at just 4.2 percent. Note though that SSC contribution to total taxation... percent is similar to that in Portugal and Ireland and only lower than that of Finland (24 percent... higher than that of Mexico (0.31) and way below the OECD average of 0.55, implying that a considerable
4% -
Moody's sees 1.2 pct growth in Greece next year but highlights political risk
Economyrisks. According to Moody’s, Greece’s gross financing needs are estimated at more than 20 billion euros... to rebound 0.6 percent this year and further by 1.2 percent in 2015, less than the official sector... and slightly higher at 3.2 percent in 2015. Both projections are higher than Greek government’s targets
4% -
How SYRIZA says it will fund its economic policies
Economycapital for anything other than bank recapitalisation requires approval by the Eurogroup as well as from... to be further recapitalized (to cover capital losses due to bad loan write-offs) using HFSF funds rather than... target. 3) Settlement of unpaid taxes. SYRIZA expects more than 20 billion euros of the outstanding
4% -
Bookies see comfortable win for SYRIZA, close contest for third place
PoliticsGreek Politicsaspect of the election race and appears to concern two rather than three or four political parties... scenario is SYRIZA gaining more than 33.75 percent of votes (odds at 1.75) with New Democracy winning less than 28.5 percent of votes (odds at 1.75). This suggests a margin in excess of 5 percentage
4%