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Greece exceeds expectations with first return to bond markets after four years
Economyslightly above the 5-percent mark. Offers reportedly exceeded 20 billion euros, which implies.... This meant there was a sharp yield decline of 1 percentage point in February and March, whereas the yield... to around 1 to 1.5 percent, which would translate into annual cost savings of around 200 million euros
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Bookies see clear win for SYRIZA in EU elections but not in local vote
PoliticsGreek Politicswith the former’s odds having a 1 pp handicap at 1.36 and the latter’s at 2.80. Sportingbet offers for the first... to 4.30 for the SYRIZA candidate Gavriil Sakelaridis. In the first round, their difference stood at just 1 pp with Kaminis gaining 21.1 percent and his rival 20 percent. In Piraeus, odds clearly favour
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Is there (sustainable) growth in Greece?
Agorathe summer Olympics in 2004. Tourism arrivals in 2014 are on course to surpass the threshold of 20 million..., and it is expected that in 2014 it will account for approximately five percent.[1] But this emerging... Play. [1] This contribution is calculated as net receipts to Greece from sea transport. According
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Travel receipts up again in September, reaching 2.3 bln
EconomyMacroeconomy, the 9-month travel balance recorded an improvement in its surplus by 11.3 percent or more than 1... to 20.5 million, which means an increase of 1 million from its previous forecast of 19.5 million released... increase on last year’s figure of 20 million. However, SETE has not altered its estimate for direct
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Greek travel receipts continued upward course in October, rising by 4.6 pct
EconomyMacroeconomyof UK tourists slowed to 1 percent in October from double-digit levels in the preceding months... to 11.3 billion, corresponding to an increase by more than 1 billion compared to last year’s figure... increase on the last year’s figure of 20 million. A similar growth rate is anticipated for revenues, which
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Newsletter 16 - 20/02/2015
fell short of target by almost 1 billion euros. One of the reasons for this revenue lag, according... to the current 72 rates). Larger tax debtors owing more than 1 million would also stand to benefit from the new settlement, while the minimum instalment would be reduced from 50 to 20 euros per month
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Greece's imminent funding problems: All the numbers you need
EconomyProgrammein total to the IMF in four tranches on March 6, 13, 16 and 20. IMF repayments bring increased obligations in the last month of each quarter. Greece has also to pay in March more than 1 billion euros.... On the budget execution front, January posted a revenue shortfall of almost 1 billion. The revenue
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Greece sees lower primary surplus at 0.3 pct for 2014, fiscal challenges remain
EconomyProgrammerules: 1) SMP and ANFA income are included in budget but excluded from EAP. This means that 2.42..., there is a number of issues that need to be clarified regarding the MoF announcement: 1) Whether the three.... The February 20 Eurogroup decision suggested that the determination of 2015 primary surplus target “will take
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Greek deposits fell by 7.7 bln in Feb and total of 24.6 bln since Dec
EconomyMacroeconomytime outflows of 4.68 billion, while sight and savings also recorded outflows of 1.9 and 1 billion... reached 1 billion last week, according to local media. Banking sources had indicated that outflows had broadly stalled after the February 20 Eurogroup, yet they peaked up again the previous week.
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Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
Economya compromise deal stressing though that the progress since February 20 Eurogroup has been slow...: 1) A break-down in negotiations between Greece and its creditors leading to alternative solutions... bonds probable. In contrast, the following developments could result in a rating upgrade: 1
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