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Greece seeks 3-year programme that could exceed 65 bln
EconomyProgramme, 2) Redemptions of Greek government bonds held by the Eurosystem of 14.3 billion 3) Redemption... for privatization proceeds of 2 billion and primary surplus of 9.4 billion that could reduce accordingly funding... outlook would reduce the previously anticipated primary surplus increasing accordingly funding needs. 2
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Unemployment rate slips to 25.6 pct in April, lowest since July 2012
EconomyMacroeconomysince July 2012. On a non-seasonally-adjusted (NSA) basis the unemployment rate fell by more than 2..., remaining broadly stable year to date. The breakdown by gender displayed the jobless rate fell by 2 pp YoY.... The respective breakdown by age group showed a drop in the unemployment rate by more than 2 pp YoY
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgrammethe solidarity levy rate remains unchanged at 0.7 percent applied to the whole amount 2) Between 20,000... to 2 percent (from 1.4 percent before) 4) Between 50,000 and 100,000 euros, the rate rises to 4... will stem from VAT changes with incremental revenues for 2015 seen at 795 million 2) 410 million
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammeimposed in 2012 were unconstitutional. 2) Changes in early retirement with the retirement ages to 62..., in the middle of the EC's recent estimate of 2 - 4 percent. In addition, despite the VAT reshuffling... by the ECB that mature on August 20. 2) The repayment of the bridge loan of 7.16 billion euros Greece
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SYRIZA and New Democracy neck-and-neck as post-election scenarios become clearer
PoliticsGreek PoliticsCent Union 3.6 Undecided 14 #Greece — MacroPolis (@MacroPolis_gr) September 2, 2015 Pulse poll... 12.8 #Greece — MacroPolis (@MacroPolis_gr) September 2, 2015 The GPO poll also showed that Alexis... of respondents deem the government to have been a failure. 2) Similarly, an overwhelming percentage of voters
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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomybillion that have not been collected yet. 2) Non assessment (and consequently non payment) of the first... in early October. Expenditure Primary expenditure slipped by 2 percent in August, which indicates... of the FY target of 750 million) 2) Other social security funds expenditure (at zero versus an annual
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Newsletter 43 - 18/09/2015
26.6 percent in Q1. The unemployment rate also improved by 2 points compared to the Q2 2014 rate... the unemployment rate improved by 2 points. Primary surplus almost doubles Greece’s budget primary surplus... million above target. 2 Parties miss the point The election outcome and country's prospects remain
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Greece passes latest omnibus bill, looks to next actions ahead
EconomyProgramme-tranche of 2 billion euros was voted through the Greek Parliament on Thursday evening. The bill... to disburse the 2 billion euros on Monday. As we indicated on Thursday, a series of pending issues... of non-performing loans for both corporate and households. 2) An overhaul of the pension system
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Newsletter 50 - 06/11/2015
then need 2 and 2.7 billion, respectively, of official support. Overall, banks would seek to raise... to be completed this year, thus the bank will seek state support of around 2 billion. A part of the sale... contracted in September.. 2 Opposite ends of the periphery Greece and Portugal continue to have
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankinginterest income (NII) fell 2 percent quarter on quarter (QoQ) to 738 million mostly due to negative FX... of the Eurosystem funding by 2 billion euros QoQ fully attributed to lower Emergency Liquidity Assistance... of the Finansbank sale is not expected within 2015, the bank would seek state aid of 2 billion, 0.5 billion
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