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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammesector (8 billion). 4) Payment of EFSM bridge loan (7 billion). 5) Unwinding of repo operations (3.5 billion). At the end of July the total stock of repo operations stood at 9.7 billion and EC estimates... (1.8 billion). 5) Greek Loan Facility (GLF) loan (1 billion). 6) New European Stability Mechanism (ESM
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Newsletter 43 - 18/09/2015
PASOK and Potami to form a three-party government. PASOK and Potami are seen getting around 5 percent... on top of an exhausting 4–5 years. The parties have failed to make it clear what this election... their allegiances numerous times over the last few years. A total of six parties have been
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgrammeor indirectly, more than 50 percent of total electricity produced and imported in Greece is also among the MoU... these recommendations by March 2016. 5) Strengthening the independence of the revenue administration, with the MoU... to be implemented by mid-December. Parliament is scheduled to vote on the 2016 budget on December 5.
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Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment
EconomyMacroeconomyin exports of goods by 1.5 percent. The 9-month figures point to a decline by 2.5 percent in total..., imports over the 9-month period declined by 5 percent with the respective goods and services’ figures... forecasts published on November 5. It sees a milder recession of 1.4 percent in 2015 but did
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Inauguration of TAP pipeline project offers investment, diplomatic boost
PoliticsForeign Policynear San Foca. The total length of the pipeline will be 867 kilometres of which 547 kilometres will be in Greece, 211 kilometres in Albania, 104 kilometres offshore, and 5 kilometres in Italy. TAP also... (20), Snam (20), Fluxys (19), Enagas (16) and Axpo (5). TAP also offers potential benefits
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Central government debt edges down to 321 bln in Q1
Economymaturity of total central government debt stock eased to 16.55 years in Q1 from a high of 16.76 years in Q4 2015. Around 80 percent of Q1 outstanding debt has a residual maturity of more than 5 years...-term (up to 1 year) and medium-term (1 to 5 years) debt. It is worth noting that Greece’s cash
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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... refinancing rate of 5 percent after the end of the programme. Based on those assumptions, the debt ratio... decreasing 5 years after the end of the programme leading to an overall average primary surplus of 2
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Newsletter 86 - 26/08/2016
rate since Q1 2010. The breakdown shows that the prices of new apartments (up to 5 years old... in the household budget allocation, falling to 5 percent of the monthly spend. Hotels, cafes... in 2015. Total personal trips came to over 7.7 million in 2009, but this figure plummeted to 4.3
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Greece slips five places to 86th in global competitiveness rankings
EconomyCompetitiveness Index (GCI) remained 81st and had improved by 10 and 5 spots in 2014 and 2013 respectively... (currently ranked 80th), which make up 20 percent of the GCI and 5 slots in efficiency enhances (67th... and sophistication factors that make up 30 percent of the total index. On the sub-index of basic requirements
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Alpha and NBG complete sales of hotels
EconomyBankingon August 5. Home Holdings is owned by Tourism Enterprises of Messinia SA (controlled... Assistance (ELA) funding. Based on the latest official data for August, NBG’s ELA funding stood at 5 billion euros, corresponding to 6 percent of its total assets. Both in absolute terms and relative
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