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Outline of fiscal mechanism for automatic cuts emerges after Eurogroup
EconomyProgramme2 percent of GDP in extra standby measures now, as some of the lenders had initially wanted... 1.5 percent and if the programme is off track by 1.76 to 2.25 percent then 2 percent of new cuts
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Eurozone sets out proposals for staggered debt relief for Greece
EconomyProgrammeof interest charged to Greece at 2 percent, with any interest that would have been payable in excess of the 2 percent being deferred until 2050. The accumulated and capitalised deferred interest would
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Coalition prepares final legislation for review, opposition expects no upsets for now
PoliticsGreek Politicsthe fiscal mechanism demanded by creditors to ensure that up to 2 percent of GDP in contingent measures can be implemented if the programme is off track in the coming years. Having already voted through 2
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBanking. In specific, net interest income (NII) rebounded QoQ for the second straight quarter by 2 percent... in Q4. The bank has guided for a cost of risk below 2 percent for the whole of 2016. On the asset
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Newsletter 74 - 20/05/2016
would unlock the pending tranche of 5.6 billion, plus 2 billion for the clearance of arrears. Tsipras... successive quarters since 2009. 2 NPLs: Italian- and Greek-style Both countries face Atlantean task
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Tsipras sails through multi-bill vote, looks to disbursement and debt relief
PoliticsGreek Politicson pension and income tax measures worth 2 percent of GDP) unscathed. He undoubtedly emerges from... surplus target to 2 percent of GDP between 2017 and 2021, while in return aiming for a growth rate
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Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues
EconomyMacroeconomyto the social security funds posted a decline of 2 percent to 3.58 billion in the 4-month period. Both items... of 1.63 billion) 2) Social protection (at 235 million corresponding to 16.2 percent of the annual
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Newsletter 77 - 10/06/2016
billion, 2 billion higher than the 6 billion envisaged in the initial agreement. In addition, 80... unemployment reading is the lowest since April 2012. 2 The mangling of truth Inaccuracies have become a daily
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BoG cautions on impact of tax rises, updates on rising NPEs
EconomyMacroeconomytarget of 3.5 percent could be reduced to 2 percent after 2018, which is consistent with debt..., with the non-performing loan (NPL) ratio increasing by almost 2 percentage points in the course
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In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented
EconomyProgrammeto 1.5 percent after 2021 and decline to 1.25 percent after 2030. 2) Total privatisation proceeds of 18... decreasing 5 years after the end of the programme leading to an overall average primary surplus of 2
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