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Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
EconomyProgrammewill continue to make every reasonable effort to ensure the compliance of the board members of all... mandate of the HFSF shall be extended until end-2022. The independence of the HFSF is to be fully
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Credit contracts by 1.7 pct in August, loans balance at its lowest since 2007
EconomyMacroeconomyin the corporate sector coupled with a negative flow of 263 million in the household lending segment... deductions edged up to 263 million extending the year to date negative flow to 1.93 billion. The bulk
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OECD sees stable growth of 2.2 pct next year and persistent structural challenges
EconomyMacroeconomyby 2.3 pct this year, 2.2 pct in 2025, and 2.5 pct in 2026, driven by rising disposable incomes... to decrease gradually, reaching 2 pct by late 2026, despite persistent services and core inflation... of GDP in 2024 to 3.6 pct in 2026. Revenue growth, improved tax collection, and a new cruise fee
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OECD sees stable growth path of 2 pct in 2025, long-term challenges persist
EconomyMacroeconomygrowth is projected to remain resilient at 2 pct in 2025 and 2.1 pct in 2026, supported by higher... these challenges, headline inflation is projected to ease to 2.0 pct by 2026, supported by lower... primary fiscal surpluses of 2.1 pct and 2.2 pct of GDP are seen for 2025 and 2026, respectively
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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
Economydeficits averaging 0.6 pct of GDP are projected for 2026–2028, reflecting consistent fiscal... 2026, supported by strong domestic demand and a surge in investment. Greece’s fiscal position... to average 6.6 pct of GDP over 2025–2026 and to decline gradually to 5.5 pct by 2027–2028. On the fiscal
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In hindsight it would have been nicer
Agoraand debt trajectory were veering off track. This is in contrast to the often cited criticism that Greece’s... for potential bank bailouts, the preferred path was to saddle Greece with debt to pay off these banks... a staggering 24 billion euros or 10 percent of GDP just four years ago. Every single troika member
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Lest we forget
Agorathey systematically sawed off Greek democracy’s legs, Indifference, short-term thinking, avarice... rearing its head and feeding off this rotten system cannot be discounted. Even if things go... in the collateral damage column. Each and every one is a stain on Greece’s democracy, regardless
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Greece sets out broad reform plan for lenders' approval
EconomyProgrammeon Tuesday afternoon to sign off on the list. Speaking to the European Parliament's economic... of the society, and particularly the well-off, contribute fairly to the public finances. That said, a wealth... spending in every area of government expenditure, drastically improve the efficiency of central and local
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Newsletter 20 - 20/03/2015
percent of the huge outflows went off-shore while the remaining 40 percent was kept in Greece. According.... The incentives and risks are considerable. But if this opportunity is wasted, all bets are off. By Jens... that almost every eurozone finance minister deems it necessary these days to make more or less
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Waiting for the hurricane
Agoragoverned exactly like it acted in opposition, trying to feed off ideological clashes and attempting... off course and the worst will be averted. *This article was first published in German by Die Zeit... the hurricane season. Greeks have been checking the news every day to see if the storm will hit, causing
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