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Eurogroup paves way for completion of third review, talks on debt relief
EconomyProgrammeestimate foresaw reductions of 20 percentage points and five percentage points respectively over... estimates that the total package will reduce Greece’s debt-to-GDP ratio by about 25 percentage points
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Newsletter 164 -08/06/2018
YoY, while imports of services rose by 7.3 percent QoQ and 13 percent YoY. The MoF’s growth estimate...) provisional estimates revealed this week. The headline figure for Q1 marks five consecutive quarters
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Budget deficit balloons to 8.2 bln euros in July amid measures linked to pandemic
EconomyMacroeconomythe target by 3.57 billion euros. The MoF noted that when compared to the updated estimate for the first... the intakes against the initial budget estimates. The underwhelming tourism season in July is also
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PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
EconomyMacroeconomyannounced recently for Q2 2020 was deeper than its own estimate from April of -13.7 pct. Combined... by its initial estimates of an annual recession towards the adverse scenario of 8.5 to 9.4 pct
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BoG warns pandemic will leave trail of bad loans, hastening need for new tools
EconomyBankingwith the Finance Ministry’s estimate of 4.8 pct growth for 2021. BoG notes that, based on experience... on the banks’ own prudential funds. BoG estimates that as a result of the crisis new NPEs will range between 8
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FinMin tables recovery budget, foreseeing across-the-board improvement in key numbers
EconomyMacroeconomy, or 0.9 pct of GDP, higher from the MTFS estimate by roughly 1.1 billion euros. The ministry has also..., at 1.1 pct of GDP. Both figures are above the MTFS estimates by roughly one billion euros, where
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Fitch improves outlook to positive, sees investment grade hinging on fiscal performance and banks
Economyis significantly higher than the 4.3 pct estimate in July last year when it published its previous review... that Fitch estimates at 18 pct of GDP at the end of 2021. The agency highlights the significant progress
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Newsletter 325 - 28/01/2022
showed that the primary balance landed at 10.33 billion euros last year, improved from the estimate... against the initial estimates included in the 2021 budget, Greece finds itself way off its initial
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Enhanced support package on way to combat inflation, as govt awaits crucial nod from EU
PoliticsGreek Politicsfor natural gas. Industry sources, however, estimate that wholesale cost rises this month will leave... estimates that the total cost of measures will more than double from 2 bln euros to between 4-5 bln
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Government accused of complacency on food supply and price hikes
PoliticsGreek Politics. One estimate put the annual increase in the price of fertilisers at over 165 pct. Against... of shortages resulting from the war in Ukraine. The supermarket sector estimates that the price
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