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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammebeen fulfilled. The German document outlines the key conditions for the ECCL: 1) Elimination of any...’ recapitalization. 3) Compliance with Growth and Stability Pact obligations. 4) Improvement
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Q3 unemployment falls to 25.5 pct, lowest since 2012, but long-term jobless reach new high
EconomyMacroeconomygroup (25-29 years) posted a broadly similar trend with the jobless rate dropping by around 4 pp YoY... of 23.8 percent. The number of ‘long-term’ (more than 1 year) unemployed declined for the second
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Leaders draw battle lines as Greece heads to snap polls on Jan 25
PoliticsGreek Politics, rather than February 1 which seemed more likely, also raised a few eyebrows. Holding the elections.... Most polls have suggested a smaller gap of around 4 to 5 percentage points between the two parties
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General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
EconomyMacroeconomy, while long term bonds amounted to 66.56 billion (21 percent) and T-Bills at 12.84 billion (4 percent.... The YtD drop stands at 23.1 billion and mainly reflects: 1) A reduction in the bank support scheme
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Samaras sets out New Democracy's plans for growth
Economythat ND’s programme considers GDP would grow well above 4 percent per annum until 2021. The creation... revenues are targeted to be gradually reduced below 1 percent of GDP. It is noteworthy that SYRIZA has
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Greek economic sentiment down in January but consumer confidence rises
EconomyMacroeconomyin January from -53.9 in December. The increase in January more than offset a drop of 4 points posted... to -1, its lowest reading since September 2014. The high volatility in the construction confidence
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Parliament's budget office warns government to move quickly
EconomyMacroeconomyoutlined a set of objectives for the upcoming negotiations: 1) Greece to remain in the eurozone 2... on a growth and reform programme for the coming years 4) Constitutional revision with political institutions
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ECB refuses Greek government bonds as collateral: What does it mean?
Economy(at the end of September) would no longer be eligible for ECB funding as of March 1 following a previous ECB decision in March 2013. Thus, today’s decision only brings forward the non-eligibility for 4 weeks
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What are the implications of the ECB's decision for Greek banks?
Economy, state-guaranteed bank bonds (pillar II) would not be ECB-eligible as of March 1. The cash value of those... of this collateral by 3 weeks. The other three types of collateral affected by the February 4 ECB decision
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Commission sees political uncertainty hurting recovery, growth reaching 2.5 pct in 2015
Economyin 2016 and the latter at 4 and 3.5 percent respectively. On unemployment, the EC expects... somewhat weaker in 2014 and stronger in 2015 mainly attributed to SMP profits of 1 percent of GDP, which
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