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Cabinet act firms up details of CoCos issuance by Greek banks
Economycapital needs under the baseline stress test scenario, the official capital support is provided... stress test scenario, the allocation of its capital support is split between CoCos (75 percent... to the previous cabinet act in November 2012 for the first Greek bank recapitalization process
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Newsletter 52 - 20/11/2015
Panagoulis pledged that he would continue to support Tsipras) adds to the impression that the apparent... pension. The committee also proposed the creation of a buffer to support the new system during... the omnibus bill on Thursday, bar a few articles, which was in keeping with their stance during previous
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General gov't primary cash surplus widens notably to 4.84 bln by October
EconomyMacroeconomyin bank support scheme guarantees by 1.37 billion more than offsetting a rise in Emergency... involves ELA guarantees of 54.6 billion (from zero in December) and bank support guarantees of 51.2... a surplus of 330 million continuing the positive performance of the previous months. Local governments
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Stress-free vote on multi-bill but bigger challenges lie ahead for Tsipras
PoliticsGreek Politicssupported the legislation. The vote followed subdued debate, which had none of the drama of previous ballots on bailout-related measures even though all the opposition parties refused to support... majority will be enough to support such politically challenging measures. For the time being, though
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Gov't postpones discussion on parallel programme ahead of tranche approval
Economyinterventions such as: 1) Establishment of poor citizens’ bureaus. 2) Health support for uninsured... of the criteria for the beneficiaries of health and medical support (100 million), the re-granting... a series of the proposed measures were reversing previous memorandum of understanding (MoU) commitments
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Newsletter 61 - 05/02/2016
for support. New Democracy has decided to publicly rule out the possibility of supporting... insisted she will not support SYRIZA, but at the same time she has also rejected the idea... billion euros. Incoming new orders in January fell further at a faster pace compared to the previous
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Q1 GDP contracts 0.4 pct QoQ and 1.3 pct YoY, broadly in line with estimates
EconomyMacroeconomyprogramme review should support the gradual relaxation of capital controls and support investment leading... previous estimate for a GDP contraction of 0.7 percent expected in early February. In specific, EC
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Tsipras sails through multi-bill vote, looks to disbursement and debt relief
PoliticsGreek Politicsall of his 153 MPs support the legislation despite it containing another 1 percent of GDP in tax..., Defence Minister Panos Kammenos, whose Independent Greeks draw considerable support from... the legislation, despite previous suggestions it might back the parts relating to the privatisation
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IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief
EconomyProgrammein some areas, the report stresses that the government has not been able to mobilise political support... that they will be unable to provide credit to the economy at the levels required to support the very ambitious growth... long-term growth assumption to 1.25 percent. The IMF repeats its previous recommendation on assessing
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General government primary cash surplus widens to 2.5 bln by May, arrears resume upward trend
EconomyMacroeconomysupport guarantees by 2.48 billion and in Emergency Liquidity Assistance (ELA) guarantees by 2 billion Overall, ELA and bank support guarantees edged down to stood at 56.42 and 14.24 billion... government gross debt stayed almost stable at 321.53 billion, up by 85 million from the previous
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