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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeminister announced on Monday. The IMF Executive Board had approved on May 30 the disbursement of two..., there is a funding gap of 12.6 billion in 2015, notably for the seven months after May 2015... (ETEAN). Since fewer guarantees have been called than expected, the Greek government may cancel about
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Sparks to fly as coalition and SYRIZA clash over electricity sell-off
PoliticsGreek PoliticsParliament may be well into its summer sessions, the thermometer may be edging towards 40 Celsius and Greeks may be anticipating their holidays but the tension in the country’s politics is being steadily ratcheted up. The mixed messages delivered by the Greek electorate in May’s local and European
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Greek banks' Eurosystem funding drops to 44.95 bln in June, lowest since Jan 2010
EconomyMacroeconomyby 11.3 billion in May, according to the Bank of Greece's (BoG) monthly financial statement. The headline... of May, Eurosystem funding stood at 50.66 billion. The monthly movement is due to a drop in ECB funding... to 642 thousand euros at the end of June from 3.6 million at the end of May. Since the beginning
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Greek primary cash surplus reaches 1.8 bln in H1 2014
EconomyMacroeconomymillion respectively. Arrears After falling by 28 million euros in May, the stock of state arrears.... In absolute numbers, the outstanding figure stood at 5.15 billion in June from 5.23 billion in May..., of which 9.4 billion occurred in May. The amount of short term loans, which was zero until March
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Tourist arrivals in June increase 13.7 pct, bringing significant rise in receipts
EconomyMacroeconomyAfter a temporary slowdown in May, Greece's travel receipts rebounded strongly in June, shooting up by 16.3 percent from 0.8 percent in May, according to the Bank of Greece (BoG). In absolute figures... also rose by 12.1 percent to 203 million in May. As a result, the travel surplus surged 16.7 percent
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How Samaras backed himself and Greece into a corner over bailout exit
AgoraThe line coming out of Prime Minister Antonis Samaras’s office at the end of May was that New..., then, that all the key decisions taken by Samaras and his ministers since May have been those... in May. The unravelling began on June 9 with the cabinet reshuffle. Samaras’s decision to pack
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Samaras, Venizelos opt for earlier presidential vote in high-risk strategy to save coalition
PoliticsGreek Politicsin the final ballot to avoid snap elections. It may, though, have to provide more details about what... of the vote will perhaps concentrate minds in Parliament and may bring to the fore the concerns... for an ECCL. This tight schedule may not have been of the government’s choosing but it certainly does
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Newsletter 7 - 12/12/2014
up the pressure on the MPs that may swing over to the coalition’s side by painting a grim picture... may be looking to prolong their political careers and preserve the generous salary that comes... with SYRIZA’s rejection. However, if the offer is tabled officially it may be difficult
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Newsletter 8 - 19/12/2014
that some of these lawmakers may be looking for an excuse to back the former EU commissioner because... calm for now Situation may change if general election follows December 29 vote One of the key concerns... support from the troika (1.5 billion). On a monthly basis, the largest outflows were recorded in May 2012
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Newsletter 9 - 30/12/2014
the advantage of having a victory, albeit not convincing, in May’s European Parliament elections under... percentage points between the May and June 2012 elections largely by focussing on the possibility... with the troika as well as on economic recovery. Before last May’s European Parliament elections
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