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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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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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