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Spain’s economic recovery languishes amid graft scandals
Agorathe 0.5 percent rate calculated by the European Commission but lower than the 1 percent estimated...” in implementing reforms and adjustments that have triggered “enough dynamism” for growth of 1 percent of the GDP... by 2015. Brussels set a 3-percent deficit target for 2016. Meanwhile, the debt will be climbing above
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Jobs, hundreds of thousands of jobs
Agorathe troika’s cosh for exactly four years. The most devastating cost has been the loss of 1 million jobs... years will be reduced by over 1 pp for every pp of growth. The problem here though... by over 140,000 jobs since he took charge. Admittedly, Greece’s economy has hit rock bottom and is set
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The IMF crisis and how to solve it
Agora-boggling 22% in just 18 months (yes, over 1 percent a month). Greece has endured the largest... and policy decisions. There are numerous other examples of inadequate explanations, including: (1... set up when monetary policy credibility was at a low ebb; a strong analogy with the Fund. Now
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How Greek banks' capital needs could be reduced by 2.3 bln
Economyon the recognition of DTA in Common Equity Tier 1 (CET1), set at 20 percent of CET1. A later BoG decision (Executive... period starting from January 1, 2015. This rule will also be applied in the upcoming EU-wide stress
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ECB tests find negligible capital shortfalls at Greek banks
Economy. The first is an Asset Quality Review (AQR), with a capital benchmark of Common Equity Tier 1 (CET1) of 8...) and uses both a baseline and an adverse scenario. The capital benchmark was set at CET1 of 8 percent... the net capital issuance of 1 billion (capital increase of 1.75 billion minus repayment of state
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Is there (sustainable) growth in Greece?
Agora, and it is expected that in 2014 it will account for approximately five percent.[1] But this emerging... to B from B- with the outlook set at stable in recognition of the “substantial fiscal adjustment... Play. [1] This contribution is calculated as net receipts to Greece from sea transport. According
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Unpaid taxes up to 1.22 bln in October as total reaches 71.2 bln
EconomyMacroeconomya revenue gap of 1 billion in 2015. GSIS also provided the year to date evolution of efficiency...) at 1 billion in the first half of 2014 and 2 billion for the whole year. The first target was almost... below the annual targets. Note that targets were set as a percentage of collections over total taxes
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Our most popular stories in 2014
Agoramanner in which Greek governments have taken decisions to meet the various targets they were set.... It is estimated that 1 million houses in Greece were built after 2000 but only 10 percent is inhabited... percent in 2008-2012, apartments grew by 1 percent, while other type posted a double-digit annual growth
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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... government and the troika, which expected it to reach between 0.8 and 1 percent. December’s deflation... in any follow-up programme that the Greek authorities are set to negotiate with their European
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Almost 50 pct rise for new unpaid taxes in 2014 as overall total rises to 73.8 bln
EconomyMacroeconomyand legacy debt amounted to 73.79 billion at the end of December, up by 1 billion month on month... to the legacy debt collections targeted by the Finance Ministry (MoF) at 1 billion in the first half... in the tax audits on the three specified categories, where targets were set as a percentage
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