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Greece watches closely as Turkey prepares for referendum
PoliticsForeign PolicyGreece (casus belli) if it extends its territorial waters in the Aegean from 6 to 12 nautical miles..." as most islets claimed by Ankara are located within 6 and 12 nautical miles. The demilitarisation... of national airspace which Turkey questions. It claims that this airspace needs to reflect the 6 nautical
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Greek fiscal deficits and debt since 2000
Agoraof the Hellenic Ministry of Finance, that the Syriza 2 government (from September 2015 to July 2019... a look at Syriza 2. This administration ran an average overall surplus of 0.1 percent of GDP a year... that the economy is growing. But the stock of debt during Syriza 2 increased by some €19 billion
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Greece - Some structural macroeconomic arithmetic
Agorasuggests that trend output growth sits around 1¼ percent a year. The OECD seems to be below 2 percent... officials and economists suggests that potential output growth may hover “around 2 percent...). But Greece cannot make an average nominal GDP growth rate of 5 percent, which would imply 2
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Greece's imminent funding problems: All the numbers you need
EconomyProgrammeby the need to rollover 4.6 billion euros of T-Bills: 1.4 billion of 6-month T-Bills on March 6... in total to the IMF in four tranches on March 6, 13, 16 and 20. IMF repayments bring increased... million depending on the fortunes of the 6 month T-bill issue this week. Searching for funds
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Ionian expansion raises questions about Aegean as Athens talks with Tirana
PoliticsForeign Policyfrom 6 nautical miles to 12 in areas south of the island of Crete, demarcated in the country’s... of the Convention on the Law of the Sea. The extension involves extending Greece’s territorial waters from 6... from 3 to 6 nautical miles that the country is doubling its maritime space to 12 nautical miles
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Annual debt strategy almost wrapped up with 5-year bond, at 3.92 pct yield
Economyfrom the markets, Greece has attracted 6 billion euros and is near the 7 billion euros... States was at 6 pct. Banks and Private Banks had the largest share with 44 pct, followed by fund managers with 6 pct and hedge funds at 6 pct.
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SYRIZA facing more departures as party's position continues to weaken
PoliticsGreek Politicsto former labour minister Efi Achtsioglou and her associates, who make up the so-called “6+6... continue being part of the grouping under the leadership of Stefanos Kasselakis. Although the “6+6
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Tailor-made Maastricht criteria for Greece?
Agorainteresting detail is that the 5 percent nominal growth rate can be thought of as 2 percent... for a maximum debt ratio of 60 percent, then the tolerable maximum deficit would have been 2 percent..., and a possible reform of the Maastricht Criteria? Table 2 provides some data. Based on the most likely
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Newsletter 47 - 16/10/2015
statements they expect a softer GDP contraction of between 1.5 to 2 percent this year... and 3.3 percent YoY in Q3 and by a further 2 percent QoQ and 5 percent YoY in Q4. The full-year... than its previous forecast for a recession of 2 percent for 2015. Note, though, that the bank
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GDP shows annual growth of 2.2 pct in Q3
EconomyMacroeconomyhas stayed above 2 percent for four out of the five previous quarters. In addition, GDP at current... outlooks unchanged at 2 percent for this year and 2.4 percent for next year. The European Commission... to 2 percent from 1.9 percent in the previous forecast. Growth of 2 percent was also anticipated
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