Search
-
Does new troika visit spell fresh drama for Greece? Maybe not
Economyof 1 billion euros. Troika inspectors will check whether 12,500 civil servants have been placed... and another 3.6 billion in December are likely to be rolled over easily. The 4 billion of T-bills... disbursements/financing schedule, the IMF is due to receive a 1 billion repayment of its loans to Greece
24% -
Buoyed by troika deal, Greece aims for rapid return to bond markets
Economy) but after the Eurogroup decision on the disbursement of the next tranches (April 1) and new reviews from rating agencies (S&P due on March 21, Moody’s on April 4). The 10-year Greek Government Bond (GGB... Eurogroup on April 1, the expected start of debt relief negotiations with international creditors
24% -
Social support in Greece not adequate enough to deal with crisis, says OECD
Societythe attention of Greece and its lenders: 1) The major decline in household income Total household income... has nearly doubled since 2012 as many as 1 in 5 Greek working-age adults now live in a household..., reflecting the difficulties of quickly introducing effective social policies from scratch.” 4
24% -
Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
EconomyMacroeconomythe target. For 2016, the fiscal gap amounts to 1.93 billion (1 percent of GDP), with the primary... are projected to rise by 4 billion in 2014-18 with the highest YoY increase of 1.5 billion in 2016. After remaining broadly flat in 2015, social security contributions are anticipated to surge by 1 billion
24% -
Bookies see clear win for SYRIZA in EU elections but not in local vote
PoliticsGreek Politics. They indicate a clear SYRIZA win. Current odds stand at 1.18 for SYRIZA versus 4 for New Democracy (ND... with the former’s odds having a 1 pp handicap at 1.36 and the latter’s at 2.80. Sportingbet offers for the first... to 4.30 for the SYRIZA candidate Gavriil Sakelaridis. In the first round, their difference stood at just 1
24% -
Budget execution shows primary surplus of 711 mln, 503 mln ahead of target
EconomyMacroeconomyrevision mainly reflects higher forecasts for revenues (by 1 billion), more than offsetting higher... in April), which led the 5-month figure up 4 percent to 18.57 billion. In addition, the strong revenue... period. This implies an average figure exceeding 1 billion per month. Although the April figure of 763
24% -
Travel receipts up again in September, reaching 2.3 bln
EconomyMacroeconomy, the 9-month travel balance recorded an improvement in its surplus by 11.3 percent or more than 1... 7.1 percent, while those from Russia fell 4 percent, reflecting the negative growth rates recorded... to 20.5 million, which means an increase of 1 million from its previous forecast of 19.5 million released
24% -
Greek time deposit rate down to 1.88 pct in November, lowest since euro entry
EconomyMacroeconomyresulted in a further decrease in the average rate on new deposits by 4 bps to 1.19 percent... in the business loan rates was again evident in corporate loans with fixed maturity for amounts above 1 million...) or slightly eased (by 8 bps to 5.22 percent for amounts between 250,000 and 1 million euros
24% -
Newsletter 11 - 16/01/2015
is not completed. These are: 1. Losing tranches amounting to 7.2 billion euros, half of which relate to two IMF... without any support from a European mechanism. 4. Greek banks would lose ordinary ECB funding, which... government and the troika, which expected it to reach between 0.8 and 1 percent. December’s deflation
24% -
Moody's explains why it sees SYRIZA win as credit negative
Economytakeaways from the report include: 1) New coalition government will likely challenge troika stance 2... challenges will weigh on Greece’s growth prospects 4) The full impact of a SYRIZA government is still... program. Moody’s forecasts GDP growth at slightly above 1 percent in 2015, while sees significant
24%