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  1. EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
    Photo by MacroPolis

    Economy

    for deposit build-up of 4.5 billion (compared to 7.7 billion proposed by the IMF) 6) Privatization proceeds of 2.5 billion (versus 1.5 billion projected by the IMF) 7) General government cash surplus of 6

    7%

  2. Tsipras suffers serious knocks in prior actions vote but emerges on his feet
    Photo by MacroPolis

    PoliticsGreek Politics

    signed on Monday in Brussels, while 64 voted against, 6 abstained and 1 was absent in the 300-seat... to marshal his party as 32 voted against, 6 abstained and 1 was absent. This means that out of 162... leads the Left Platform (which voted en masse against the bill), said after the vote that he

    7%

  3. No let up ahead in terms of fiscal demands for new Greek government

    EconomyProgramme

    -reduced rate was set at 6 percent for pharmaceuticals, books and theatre and a reduced rate of 13... percent (from 11 percent) and for annual income above 12,000 euros to 35 percent (from 33 percent). 6

    7%

  4. Lenders also require health and labour market reforms from gov't in next months

    EconomyProgramme

    for pensioners. In specific, health contributions for main pensions have been increased from 4 to 6 percent, while for supplementary pensions a similar rate of 6 percent was introduced for the first time

    7%

  5. Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead

    EconomyMacroeconomy

    at 173.74 billion euros for 2015, 6 percent lower than last year’s budget and 3 percent below 2014 figure... on income from rents (200 million) 6) Increase in the advance tax payment for legal entities (130 million

    7%

  6. Coalition poised to unveil pension reform proposals, hoping to avoid cuts
    Photo by MacroPolis

    EconomyProgramme

    ’ healthcare contributions to 6 percent (from 4 percent) for main pensions and to 6 percent (from zero

    7%

  7. Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015

    EconomyMacroeconomy

    . On the flipside, travel receipts advanced by 6 percent to 14.19 billion on the back of an increase in non... to a rise of 6 billion in residents’ holdings of foreign bonds and T-Bills, largely reflecting the ESM

    7%

  8. Optimism for Cyprus solution abounds but talks at delicate phase
    Photo via @AnastasiadesCY

    PoliticsForeign Policy

    with the third licensing round for explorations in gas fields 6, 8 and 10 and questioned Nicosia’s... argued that “an important segment of the area number 6 remains within the outer limits of Turkey's

    7%

  9. Asking Greece to stack more austerity measures ignores past failings
    Photo by Harry van Versendaal

    Agora

    of heavy fiscal lifting in 2012 with 12.4 billion, 6 billion in cuts and 6.4 billion in revenues... and have brought servicing costs down from pre-crisis levels, when Greece was paying over 6 percent of GDP

    7%

  10. Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
    Photo by MacroPolis

    EconomyBanking

    income fell 6 percent QoQ to 74 million. It was negatively affected by the domestic macro... dropped by 35 percent QoQ, as Q4 was burdened by one-off costs, while fell by 6 percent on a like

    7%