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Newsletter 35 - 17/07/2015
. Payments to the IMF (8.3 billion); 3. Redemptions of bonds held by the private sector (6.8 billion
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Reshuffle of limited scope, ambition suggests elections on horizon
PoliticsGreek PoliticsInd Greeks 3 Others 7 #Greece — MacroPolis (@MacroPolis_gr) July 18, 2015 Palmos Analysis
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Bank holiday to end but capital controls remain and some transactions forbidden
Economyclosed for 3 weeks (since June 29). Over that period, around 1,000 branches were operating mostly
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Sharp drop of 4.2 pct in Greek industrial turnover in May
EconomyMacroeconomyfor intermediate goods, consumer durables and consumer non-durables increased by 3, 2.5 and 1.1 percent
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S&P raises Greece’s rating by two notches in first upgrade since Sept 2014
Economy. S&P continues to project Greek GDP will contract by 3 percent in 2015, which is the worst
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Disposable income up by 2.6 pct in Q1 for highest reading since 2009
EconomyMacroeconomy, at a slower pace compared to the above 3 percent growth in the preceding two quarters. However, the absolute
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Primary surplus 3.1 bln above target in H1 on severe underspend
EconomyMacroeconomytarget) 2) Other social security funds expenditure (at zero versus a FY target of 446 million) 3) Grants
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IOBE think-tank sees recession of up to 2.5 pct this year, milder in 2016
Economyto attract incremental new funds. 3) The implementation in a more effective manner of the new programme
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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economycoverage from 50 to 60 percent to reflect reductions in collateral values. 3) 20 percent negative
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A breakdown of the funding needs involved in Greece's third bailout
EconomyProgramme. Payments to the IMF (8.3 billion) 3. Redemptions of bonds held by the private sector (6.8 billion) 4
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