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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammeGreece has a matter of days to fulfil the remaining conditions set out by the Eurogroup last week... actions by June 1, before the meeting of the ECB Governing Council on June 2, which is expected... sub-tranche. Houliarakis said that 1.8 billion euros (1 percent of GDP) of this amount will be used
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Government hopes offer of tax breaks and grants will spark growth boost
EconomyMacroeconomyin the subsidy framework is set at 500,000 euros for large corporates, at 250,000 euros for medium... study revealed that an investment of 1 euro in one quarter results in a cumulative increase of GDP... 1 billion. The two scenarios assume state subsidies of 3.5 billion. Market sources note that around
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Newsletter 98 - 02/12/2016
at the end of September, 1 percent above the target of 106.9 billion, while the respective ratio stood... index edged up 1 percent month-on-month to 71.9 in September and stands close to its mid-2002 level..., it is a set of events that cannot be dismissed out of hand. However, it continues to appear the least
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBankingbillion, almost 1 billion above the respective figure a year ago and mostly relate to denounced loans... respectively. Starting from a fully-loaded Common Equity Tier 1 (CET1) ratio of around 17 percent... banks are set to retain high capital ratios even under the worst-case scenario. In addition, their high
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IMF proposes rebalancing of fiscal policy, reform implementation and debt relief
EconomyProgrammeIV consultation on Greece. The fund’s baseline scenario foresees a long-term GDP growth of 1... set by the third eurozone bailout programme. However, there was a convergence that fiscal policy... the government’s recent estimate of close to 2 percent, while a marginal improvement to 1 percent of GDP
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Newsletter 111 - 17/03/2017
SYRIZA would suffer too much political damage if it takes sole responsibility for the new set.... The IMF has demanded a reduction in the tax-free threshold, aiming for additional revenues of 1...) in the fourth quarter (Q4) of 2016, after rising 1 percent in Q3, ELSTAT figures revealed. However
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Athens hopes for deal at Eurogroup but doubts persist
PoliticsGreek Politicsis under discussion. It entails 1 percent of GDP in fiscal measures (pensions) being implemented in 2019 and another 1 percent of GDP (tax-free threshold) in 2020, but under the condition that the second set of interventions will be brought forward by a year if the 2018 fiscal target is not met
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ESM takes stock of Greece's sovereign vulnerability
EconomyProgramme, loss of competitiveness and external imbalances. The assessment made by the ESM is based on a set... indicator, a score of 1 to 4 is assigned in the ESM’s analysis. Specifically, if a country is among... the 25 percent worst-performers are assigned the score 1 (most vulnerable). To identify the cut-off
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Newsletter 122 - 09/06/2017
to pass on Friday a set of amendments relating to the remaining prior actions that need to be completed... services turnover index rose for the third successive quarter, albeit at a slower pace of 1 percent... by 1.2 million to 26 million in 2017, while travel receipts are projected to rise by at least 1 billion
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HRADF's updated asset development plan sets out next batch of privatisations
EconomyProgramme(general mining and metallurgical company) as well as the state’s minority holdings in OTE (1 percent) and Folli-Follie Group (1 percent). It is noted that 50 percent of the profits generated by HCAP... the invitation for the submission of expressions of interest for DESFA with the deadline set for July 24
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