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Newsletter 38 - 07/08/2015
a host of prior actions, which are expected to include legislation phasing out early retirement
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Greece and lenders appear close to third bailout deal, with few issues outstanding
EconomyProgrammeretirement will be included in the current prior actions or further delayed for the future. Other issues
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Agreement on third bailout could trigger SYRIZA split and snap elections
PoliticsGreek Politics(the second containing the prior actions Athens will have to pass) would clear the way for Prime Minister
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Greece deal leaves many questions
Agorafew days as the Greek parliament votes through 35 prior actions (and paves the way for other national
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Tsipras wins vote on 3rd bailout but loses more MPs, raising probability of snap polls
PoliticsGreek Politicsand PASOK all voted in favour of the bill, which also contained the first set of prior actions Greece
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Early gains in Greek stocks cancelled out in second half of week
Economyprior actions and measures by the Greek Parliament on Friday morning. In addition, the European
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Study shows deep impact of capital controls on retail sector
EconomyA study published by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) highlights the devastating impact on retail sales from the imposition of capital controls. The study showed prior to capital controls retail sales fell to 3.33 billion euros, or by 5.4 percent in June. In July
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The ins and outs of the Greek bank recapitalisation process
Economy(BRRD) that was voted as a prior action by Parliament on 22 July, a senior debt bail
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Unemployment rate edged up to 25.2 pct in June
EconomyMacroeconomypercent in each of the prior two months. In contrast, the jobless figure continued heading south
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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomyin the prior three months. Our understanding is that the reported improvement mainly reflects the payment
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