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Unveiling of relief package imminent as electoral law speculation is revived
PoliticsGreek Politicsbudget deficit to 2 pct of GDP this year and turn that into a 1 pct of GDP primary surplus next... Democracy is still weighing up what will go into the relief package, but that the total fiscal impact
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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Economyto deliver a surplus of 1 pct of GDP. Subsequently, Fitch sees a total deficit now of 3.5 pct of GDP... growing by over 2 pct. The difference in macro projections leads also to deviating views on the fiscal
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Newsletter 356 - 21/10/2022
November, though. The Finance Ministry already has 1 billion euros set aside for any energy needs... environment that could reach 2 billion euros as all loan rates are hiked and banks have enough liquidity... picked up the first quarter of 2016, reaching 107.2 billion euros, at nearly 49 pct of total loans
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PDMA sets out modest debt strategy for 2023
EconomyMacroeconomyand refinancing needs. Greece’s total funding needs for next year stand at 15.4 billion euros, according... of Europe Development Bank. Privatisation receipts are expected at 2 billion euros, while 2.2 billion... by less than 1 billion euros, in line with the objective of keeping the nominal stock of debt mostly
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Newsletter 366 - 20/01/2023
pct of it coming from investors outside the country, a total of 230 accounts participating..., interest payments are seen 1 billion euros higher at 6.13 billion euros, which partly is attributed... to continue pushing up rates in the coming meetings until inflation is swiftly back to the 2 pct target
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Unemployment increases to 11.4 pct in Feb, inactive population rises
EconomyMacroeconomy, the number of employed people decreased by 55,012 in February, with total employment staying above.... The unemployment rate among women fell by roughly 1 percentage point (pps) year-on-year and came to 15.8 percent, while the rate for men stood at 7.8 percent, a drop of 2 pps year-on-year. Youth unemployment
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Newsletter 391 - 01/09/2023
of the total debt stock that amortizes and needs to be refinanced. Absent any severe economic shocks, Greece... that foresees primary surpluses of more than 2 pct of GDP for decades, this is due to bring the debt-to-GDP... helped boost turnovers, in June it also dropped by 1 pct year-on-year, although that was mostly led
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Newsletter 393 - 15/09/2023
, it is clear that the plain of Thessaly is virtually a total loss for now and it could take years before... growth for 2023, from 0.9 pct, and 1 pct from 1.5 pct for 2024. The eurozone’s central bank... surpassed the 2 euros/litre and the gas and electricity markets also showing some signs of accelerating
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Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
EconomyBankingoffer by UniCredit to 1.39 euros per share, absent any other offers. The total proceeds for the Greek... short of 5 billion euros, hence the potential intakes for the state in the region of 1 billion euros..., the HFSF stake dropped to the current 40 pct. In early 2017, NBG repaid the 2 billion euros of the CoCos
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PM allows his MPs to abstain from same-sex marriage vote, puts ball in opposition court
PoliticsGreek Politics“parent 1 and parent 2”, according to the prime minister, who drew on terminology used by far-right... present, from a total 300. This means that by discounting the support of objectors in his party he
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