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Newsletter 210 -07/06/2019
from the lenders regarding Greece’s public finances veering off track due to SYRIZA’s handouts..., pointing out that this would allow Greece to pay off its debt quicker. One of the potential dangers
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As East Med tension remains, Athens also keeps eye on Turkish actions in Aegean
Foreign PolicyGreek PoliticsTurkey’s actions, particularly its gas drilling off Cyprus’ east coast, are featuring prominently in the political debate in Greece a few days before the general elections. In fact, concern... to drill off Kastellorizo. Addressing lawmakers of Turkey’s ruling Justice and Development Party (AKP
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Mitsotakis sworn in as prime minister as attention turns to Cabinet picks
PoliticsGreek Politicsthan 200 million euros in the first quarter. Hatzidakis could be tempted to dust off his old plan to spin off a “small PPC” unit, which SYRIZA shelved when they came to power in 2015. In a nod
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PPC, Hellenikon present government with first test of problem solving mettle
Economyadministration thought it had finally solved this problem with a plan to sell off some of PPC’s... with creditors and underline Harold Macmillan’s old adage that events knock governments off course
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Budget primary surplus at 382 mln in June
EconomyMacroeconomyfigures to cover the one-off payments related to law 4575/2018 that were not completed in 2018 (in non-allocated expenditures). The MoF said that these one-off payments that took place until June 2019
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Hatzidakis announces strategy for partial privatisation of PPC
EconomyFeatures, ADMIE, which was fully owned by PPC, would be split off from the parent entity. In 2017, PPC sold a 24... with Skai TV, he had indicated that privatisation plans were off the table for PPC, saying that no one would
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Budget primary surplus confirmed at 381 mln in June
EconomyMacroeconomyincorporated into 2019 figures to cover the one-off payments related to law 4575/2018 that were not completed in 2018 (in non-allocated expenditures). The MoF said that these one-off payments that took
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ND moves on to next bill after first round of tax cuts approved
PoliticsGreek Politicssaid that applicants would choose how many instalments they want to pay off their debt... that this would be the last one-off scheme of its kind but promised that New Democracy would create a “permanent
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingthey will be required to write off Deferred tax credits (DTCs) corresponding to the accumulated provisions of deferred loans. Legislation will be introduced so that the amount of DTCs written off will be recognised
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Budget primary surplus reaches 1.78 bln in July, almost double target
EconomyMacroeconomy982 million euros have been incorporated into the 2019 figures to cover the one-off payments... that these one-off payments that took place until June 2019 in connection with ministerial decisions
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