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Newsletter 119 - 19/05/2017
income tax credit by 650 euros. In addition, the MTFS detailed the counter-measures... led to net revenues falling short of the target by 152 million. In addition, the Public Investment
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SYRIZA holds fire as Eurogroup expectations continue to be lowered
PoliticsGreek Politicsof a precautionary credit line (which the government has not discussed publicly), the IMF... between 7 and 10 billion euros. Reportedly, the failure to complete the prior actions is what led
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The conundrum of Greek olive oil exports
EconomyFeaturesoil export template, and this led some to attempt to sell their family farm olive oil as a gourmet... for securing credit, worldwide. Those are hefty obstacles to tackle for anyone wishing to break
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The flag of permanent defeat
Agoraby the SYRIZA-led coalition during these nearly 1,000 days has allowed New Democracy and PASOK... year, albeit with the help of a conditional credit line and doubts about the state of the economy
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Athens relieved as ECB and IMF seem to reach understanding on Greek banks
EconomyBankingand is no longer demanding Asset Quality Reviews (AQR) to be conducted for Greece’s systemic credit institutions. His comments led to banks’ stock prices recovering on Thursday after declining by around 20 percent
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EC upbeat on reforms paying off, as long as they continue
EconomyProgrammecredit to broaden the tax base in 2020. If it is seen necessary to maintain the primary surplus... the Hellenic Financial Stability Facility (HFSF) review. This led to a substantial overhaul of board
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Tsipras focussed on MoU exit in 2018 but will have to avoid pitfalls
PoliticsGreek Politicsfor Athens to secure a precautionary credit line from the institutions before it leaves the programme... the start of electronic auctions, led to some MPs calling for further protection to be given to low-income
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A year of risk and reward for Greece
Agoraon the last point are well-founded. The SYRIZA-led coalition is promoting the idea of a clean exit... than a precautionary credit line. However, regardless of the financial mechanics, the Greek economy
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Economic sentiment at 101.9 pts in Jan, consumer confidence dips by 0.7 pts
EconomyMacroeconomymark. Greece’s ESI began to slide in the third quarter of 2008 when the global credit crunch hit, which eventually led to the perilous state of the country’s finances being exposed. The ESI continued
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Banks focus on defining challenge of reducing NPEs
EconomyBankingeuros of total NPE reduction, while the effort of meeting the final target will be led by sales... that the lenders’ low credit ratings is due to capital controls. Sources say that there may be two
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