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Greek government's proposals to bridge gap with lenders appear to fall short
EconomyProgrammethe new legislative reform is implemented in October. On the key issue of solidarity grants to low-income... consultation for collective dismissals, which was a key are of disagreement with institutions
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What next for Greece's revenues and spending?
Agorabudgeted for July are in doubt. Expenditure The other key budget item is primary expenditure. Data shows... Solidarity Fund (AKAGE) (at zero versus FY target of 454 million) The third key primary expenditure item
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Greece sends request for 3-year ESM programme, reform proposals to come
EconomyProgramme-term growth. The key areas with imminent priority for implementation as early as the beginning... future funding requirements. On the key issue of debt, the letter notes that “Greece welcomes
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General gov't cash primary surplus to May halves, arrears keep rising
EconomyMacroeconomyof Finance (MoF) on Thursday. As with the 4-month performance, the breakdown of the four key gg entities showed mixed trends in the first five months of the year. The state budget remained the key positive
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A breakdown of what Tsipras and European lenders agreed to
EconomyProgrammeleaders largely adopted the finance ministers’ recommendations. We summarise below the key points... government is key. · A request for an ESM programme should also address a similar request
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Bank holiday to end but capital controls remain and some transactions forbidden
EconomyJuly. This will lead to an equivalent increase in the budget revenue shortfall. Another key issue... Exchange, which remains closed as of June 29. The key issue relates to the capital controls
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What the latest set of prior actions mean for home foreclosures
Economygovernment three months ago. The key issue, according to lenders’ sources cited by the local media... and the remaining 10 percent would satisfy non-preferred creditor claims. On the second key element
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Travel receipts up 17 pct in May as average expenditure per trip rebounds
EconomyMacroeconomy, remaining the key contributor to this year’s performance. That said, excluding Athens... are the two key months for tourism.
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A breakdown of the funding needs involved in Greece's third bailout
EconomyProgramme. The country’s financing gap is estimated at 74 billion. The first key element in these calculations is debt... several smaller figures, with the key being interest payments related to: a) Eurosystem SMP and ANFA
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Some snags remain in discussion with lenders over new privatisation scheme
EconomyProgrammeDuring a lengthy meeting with the quartet of Greece’s lenders on Tuesday, government officials discussed in detail privatisations – one of the key issues that need to be settled... to the independence of the privatization fund, which is key for the institutions as they require
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