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Newsletter 82 - 15/07/2016
in May after a 3.3 percent increase in April. The positive performance in May fully reflects a rebound... euros in May, much higher than the 694 million rise in April. The aggregate figure for the year so far... (i.e. those created before 2016) eased by 254 million euros to 83.31 billion in May, largely due
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Wage ruling gives gov't immediate fiscal headache, political one may come later
PoliticsGreek Politicson wage maturities If this proves to be correct, the government faces a challenge in finding... program review being carried out by the troika. It has struggled to reach this amount so finding... the impact that wage cuts would have on the party’s popularity. However, finding new savings could
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French entry into cable project reframed as geopolitical win amid recycling tenders scrutiny
PoliticsGreek Politicsa demand, first made after surveys were suspended in 2022, for a binding implementation timetable... while it retains a strategic minority holding, technical leadership and eventual operating
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Signs that Greece-eurozone deal may be in sight but much work remains
PoliticsGreek Politicsare on the way towards finding a formula that could work for both sides. There is no reason why
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The targets and deadlines in Greece's privatisation programme
EconomyProgrammewill be updated on a semi-annual basis. b) Announce binding bid dates for Piraeus (OLP) and Thessaloniki (OLTH... and share purchase agreements by October, while binding offers are expected in November and parliament... in the second phase with eight investors preselected. The indicative timeline suggests binding bids
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Greek banks maintain focus on key areas as elections approach
EconomyBankingof consumer loans, credit cards, micro-businesses and worth 1.2 billion euros. Non-binding offers have been received, with investors soon to be invited to submit binding ones. Talks are also underway... by FPS will be sold to foreign investors. Binding offers are expected by the three interested investors
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Tsipras may choose benefits of longer game on elections
PoliticsGreek Politicsprobably have to live up to his pledge of holding a party congress in September, which woul likely
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PM concedes cooperation may be necessary as opinion polls continue to deny outright win
PoliticsGreek Politicsrejected the notion of a coalition with New Democracy, holding Mitsotakis personally responsible
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Central gov't cash deficit down to 1.14 bln in March
EconomyMacroeconomybasis. The remaining difference (277 million) is owed to changes in the state accounts with the BoG
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Greek travel receipts rise 9.1 pct in January as surplus doubles
EconomyMacroeconomyto 277 euros. The breakdown of incoming tourist activity by country showed strong growth in arrivals
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