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Eurozone sets out proposals for staggered debt relief for Greece
EconomyProgrammeby setting loan repayments as 1 percent of GDP until 2050 and linearly amortised after that A capping... up to 2026, this would amount to around 8 billion euros. The purchase of the IMF’s loans by the ESM
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In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented
EconomyProgramme. The Commission’s baseline scenario (A) assumes: 1) GDP to contract 0.3 percent in 2016 and then rebound... percent in 2060. GFN are also seen higher to 8 percent in 2020, to 16.5 percent in 2030 and to 45.2
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Greece lagging in EU innovation rankings
Economy, Greece’s performance is way below its European peers in venture capital investments (at just 1 percent of the EU average), license and patent revenues from abroad (8 percent) and patent applications
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H1 exports show notable fall in many sectors but agricultural products buck trend
Economyproducts’ imports rebounded 8 percent to 13.46 billion in Η1 and currently make up 64.3 percent... and food and live animals slipped 0.7 percent. The breakdown by region displayed a modest drop of 1
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The great turn-off: Greece's TV permits auction
Agorais in the Internet but even then it is only at +1. The greater faith in the Internet is an indication... to provide a letter of guarantee for 8 million euros, be able to bid at least 3 million euros
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CPI drops by 0.9 pct in August
EconomyMacroeconomyΤhe Greek Consumer Price Index (CPI) fell at a slightly slower pace of 0.9 percent in August, after dropping by 1 percent in July, Hellenic Statistical Authority (ELSTAT) data displayed on Friday... textiles (+9.9 percent), personal effects (+8 percent), fresh vegetables (+7.3 percent) and oils and fats
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Fiscal dispute dominates as Greece and lenders gear up for more talks
EconomyProgrammeon December 8 that the fiscal gap for 2017 has almost been eliminated, as was also confirmed by the December... percent of GDP with the fiscal space of 1 percent to be used for cutting taxes and social security
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IMF sets out its stall as review deliberations resume in Athens
EconomyProgrammeGreece exempts more than half of taxpayers from paying taxes. This compares to an average of just 8..., the Fund notes that the recent pension reform reduces this cost by just 1 percent of GDP, which
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Greek banks conclude series of corporate actions as part of restructuring
EconomyBankingUBB’s book value and is estimated to increase NBG’s Q3 pro-forma common equity Tier 1 (CET1) ratio... 2007 after NBG’s similar transaction of 300 million concluded on August 8. The transaction aims
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Industrial production growth slows to 2.3 pct in Nov
EconomyMacroeconomy, electricity production (which makes up around 21 percent of the total index) grew by 8 percent.... It has increased by 7.9 points within 2016. In addition, the Markit Manufacturing PMI edged up by 1
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