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IMF sees Greek growth at 2.5 pct in 2015, debt at 172.7 pct of GDP
Economyin the context of the February 20 Eurogroup agreement. The IMF revised upward its estimate on Greece’s unemployment rate by 1 percentage point to 24.8 percent in 2015, with the jobless rate expected to fall.... The IMF revised upward its estimates on the overall fiscal balance by more than 1 pp for 2015 and 2016
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Greece is gasping for a deal
Agorasince the February 20 agreement between Greece and its creditors for a four-month extension to its... ratings by one notch to “CCC+/C”. It estimated that the Greek economy has shrunk by 1 percent over... the end of June. Athens has just over 1 billion euros in debt obligations (including another 880
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyby 2.5 billion. Gross loans rebounded by 1 billion QoQ to 52.9 billion in Q1, yet this mostly... to deposit ratio to deteriorate by almost 20 pp QoQ to 122.7 percent in Q1 from 103.1 percent in Q4. The bank’s phased-in Common Equity Tier I (CET1) ratio further eased by 1 pp QoQ to 14.2 percent
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Finance Ministry wavers as revenues remain at the forefront
EconomyProgramme, bringing less than 20 million into public coffers. In 2010, the second repatriation law, with a tax..., local media report that the fiscal gap is seen at around 2 billion by the institutions and below 1... said that additional VAT revenues should reach 1 percent of GDP, corresponding to 1.8 billion euros
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Greek debt falls to 312.7 bln in Q1 after return of EFSF bonds
Economyby the February 20 Eurogroup. The quarterly debt change also incorporates an increase in repos by 1.2 billion... percent is in short-term (up to 1 year) and 11 percent in medium-term (1 to 5 years) debt. Greece’s cash
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Where the key differences between Greece and the institutions lie
EconomyProgrammetargeting revenues of 1 percent of GDP and Greek authorities 0.93 percent of GDP. This difference... percentage points (pp) restoring them to their levels before July 1, 2014 when they were reduced by a similar... this would start immediately for the top 20 percent of beneficiaries. Fiscal structural measures
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What next for Greece's revenues and spending?
Agoramillion and ANFA income of 132 million. Due to a further delay in the payment of CIT until July 20... consistently below their targets throughout the first five months of the year and involve: 1) Grants... or 26.9 percent below target in the 5-month period. The main laggers relate to: 1) Consumption and non
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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economycertain assumptions. In the first scenario, the rating agency assumes: 1) Non-performing exposure (NPE... coverage from 50 to 60 percent to reflect reductions in collateral values. 3) 20 percent negative... to continue to qualify as core capital. 5) Target Common Equity Tier 1 (CET1) ratio at 12 percent
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Latest polls add to uncertainty ahead of Sunday's elections
PoliticsGreek Politicsto be published this week, which give a mixed picture about what to expect on September 20. A University of Macedonia poll for Skai TV, which had put SYRIZA 1 point ahead last Friday now shows New Democracy... ahead (by four points) but with its lead narrowing by 1 point since last week. Kapa Research shows
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Newsletter 46 - 09/10/2015
such gathering since the September 20 general election and an opportunity for SYRIZA members to share...-set relates to the: 1) adoption of a roadmap for the investment licensing reform, 2) establishment... actions for mid-October: 1) the adoption of the OECD recommendation on pharmacy ownership being opened
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