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Greek Parliament's budget office questions primary surplus sustainability
EconomyMacroeconomyinclude: 1) tourism, alternative sources of tourism, agricultural and fishing tourism, 2) education... and 7) Mediterranean nutrition. The PBO suggests the government should prepare a comprehensive programme
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After landmark return in April, Greece prepares to tap bond markets again
Economytimetable is subject to the approval of the next sub-tranche of 1 billion euros by the upcoming Eurogroup on July 7. The release of the next instalment is expected to be approved as Greece has completed
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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyto corporate loans above 1 million euros, where the rate nosedived by 107 bps after a similar hike in April... for the fifth consecutive month a modest rise of 7 bps to 3.81 percent. On the loan rate outlook
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ECB plans for ABS, covered bonds purchases leaves doubts for Greek banks
Economyat the low end slightly above 1 billion. Overall, Greek banks have an existing pool of securitized loans... billion, while Alpha and Piraeus figures are between 7 and 7.5 billion each. Taking into account
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Here's what's in the 2015 draft budget the Greek government has just unveiled
EconomyMacroeconomyin 2014, the draft budget indicates that Greece plans to proceed to issues of 7- and 10-year bond... as of July 1, 2014), a positive carry-over effect from GDP evolution in the second half of 2014
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Greek economic contraction during crisis higher at 24.6 pct, revised data shows
EconomyMacroeconomy(from -7 percent). However, the economic downturn was more severe in the preceding three years, at -8.9... with up to 1 percentage point revision from previous estimates
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What does a bailout exit with a precautionary credit line mean for Greece?
EconomyProgrammeaccompany the new agreement: 1) Social security fund consolidation, alignment of retirement criteria... and modernisation of the National Healthcare System. 7) Application of a new payroll in the public
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Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
EconomyMacroeconomy. In contrast, taxes on personal income to GDP jumped from 4.8 percent in 2011 to 7 percent in 2012... percent. After reaching a low of 1 percent in 2010, the property tax to GDP ratio hiked to 1.8
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The one question SYRIZA needs to answer
Agora, including the receipt of over 7 billion euros in disbursements. These include 1.8 billion euros... a small cash cushion, March saw a sizeable primary deficit of just under 1 billion euros
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammebeen fulfilled. The German document outlines the key conditions for the ECCL: 1) Elimination of any... improvement in its competitiveness. 7) Solvency of the Greek systemic banks, noting that their capital
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