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Greece prepares reforms list, eyes solution to liquidity shortage
EconomyProgramme” will allow for such a disbursement. 2) The last eurozone tranche of 1.8 billion euros, which is also linked to the successful conclusion of the review. 3) The return of 1.2 billion euros from the European... to yield 2 billion euros in revenues are split in three categories. The first involves fiscal consolidation
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Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
Economyincluding bonds held by the private sector. 2) Arrears to the IMF would not in and of themselves... downgrade. 3) An exit from the eurozone, making the risk of a default event on privately held Greek..., if not the title, of a third programme of policy-conditional financial support. 2) An acceleration of Greece's
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Moody's downgrades Greek bond rating, sees chances of accident rising
Economyan agreement with its official lenders in time to meet upcoming debt repayments. 2) The significant...) An increase in the pace of fiscal consolidation and structural reforms. 2) Sustained economic growth and primary surpluses. 3) More certainty and visibility on future external financial support
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Finance Ministry wavers as revenues remain at the forefront
EconomyProgrammea tax rate of 3 percent on returning deposits but only around 600 million euros was repatriated..., local media report that the fiscal gap is seen at around 2 billion by the institutions and below 1... Tuesday (June 2).
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National Bank posts losses of 159 mln in Q1 2015
EconomyBanking(PPI) eased 2 percent QoQ to 357 million in Q1 reflecting a drop in operating income and expenses by 3 and 4 percent respectively. Net interest income (NII) fell 5 percent QoQ, largely stemming from weaker NII from Turkey (down 12 percent in TL terms) and Greece (-2 percent). The lower Greek NII
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The key numbers behind the latest Greek proposals
EconomyProgrammethe corporate tax rate from 26 to 28 percent with estimated revenues at 260 million in 2016 2) Increase... in 2016. 3) Reduction in the expenditure ceiling for military spending by 100 million in 2015 and 200... revenues estimated at 200 million 2) Increase the corporate tax rate by an additional one percentage point
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IOBE think-tank sees recession of up to 2.5 pct this year, milder in 2016
Economyof confidence and bank stability. IOBE projects a recession of 2 – 2.5 percent this year. A milder GDP... of Greece remaining in the eurozone coupled with the necessary consent. 2) The urgent... to attract incremental new funds. 3) The implementation in a more effective manner of the new programme
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Greece and creditors try to untangle pension complications
EconomyProgrammewill be reduced by 2 and 6 percent respectively. According to the General Accounting Office, the rise in health contributions will result in an annual increase in revenues of 854 million euros. 2) All... 1, 2015. 3) As of January 1, 2016 the state’s guaranteed social security contributions to main
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Greece commits to ambitious privatisation targets as part of new bailout
EconomyProgrammeestimated revenues would reach 0.5 billion in the 12-month period ending in September 2016 and 2 billion... activities) without any material changes in the current terms of the tenders. 2) Take irreversible... (consortium led by Fraport AG). 3) Conclude around 20 selected pending actions (not specified
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Newsletter 40 - 28/08/2015
and ANEL have enough seats to continue their coalition? Will PASOK pass the 3 percent threshold... for the stress tests (under the baseline scenario) while the final templates are due by 2 September... in final consumption and a fall in imports. 2 Tsipras goes TINA Promises have less currency in the third
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