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Macroeconomic fundamentals for Greece
Agora. Figure 2 shows that these efforts are yielding some success. The number of inactive people... with Figure 2 above, the participation rate is assumed to increase from around 51 percent of the WAP... growth rebound after the Corona pandemic. As Table 2 demonstrates, because of unusual shocks
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How big is the gap separating Greece and the institutions?
EconomyProgrammeand 2 percent for 2016, which is in line with the institutions’ proposal. However, the lenders... a fiscal gap of 350 million for 2015 and 800 million for 2016 2) The increase in the health care... million for 2015 and 405 million for 2016. 2) The institutions agree on a rise in the corporate income
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammeand SMP bonds (9.2 billion). 2) IMF debt redemption (8.4 billion). 3) Debt amortization to the private... and SMP bonds (2.9 billion). 2) New Greek government bonds (issued after the PSI) mostly held... the previous assessment. 2) Cash buffer for deposit build-up of 7.6 billion compared to 4.5 billion
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Greek banks' equity raising could keep official support to a minimum
Economyoutstanding bank bonds. Of this amount, 533 million relate to senior securities, 267 million to Tier 2... percent of nominal value for senior notes, at 80 percent for Tier 2 and at 50 percent for Tier 1... are senior notes, 84 million preferred securities and 18 million hybrid (Tier 2) notes. For senior notes
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Stock market slips 1.4 pct dragged by huge bank losses
Economyof the first set of milestones and the European Stability Mechanism (ESM) disbursed the sub-tranche of 2... trading on December 2. For the same reason, NBG stock will cease trading from December 30 until December 2 and the new shares will trade again as of December 3. NBG will run a Greek public offer for up
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Newsletter 105 - 03/02/2017
from 8,636 to 6,000 euros. This would generate roughly 2 billion euros in extra revenues. While... lengthened due to the heavy snowfall. 2 Retail trade index turnover rises in November November rebound... proprietors eased by 2 bps to 7.34 percent. The new time deposit rate of Greek households slipped 1 basis
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Newsletter 106 - 10/02/2017
for beyond 2018. Reports on Thursday suggested that the lenders will ask for 2 percent of GDP, roughly... envisaging the 2016 primary surplus close to 2 percent of GDP, well above the programme target of 0.5... and ANFA profits and locking in the loan interest rates below 1.5 percent. 2 Unemployment remains stable
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Newsletter 109 - 03/03/2017
that the basis of discussion with the lenders for the volume of measures needed should be 2 percent of GDP... is still holding out hope that the volume of measures it will have to legislate will be lower than 2... on Thursday that the discussion is currently centred on 2 percent of GDP. It seems that Athens might
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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyrelief in the form of smoothing interest payment for EFSF loans coupled with a primary surplus of 2... primary surplus of 2 percent after 2018, extension of all eurozone loan maturities by 20 years... surplus of 3.5 percent of GDP until 2027 and gradual decline to 2 percent of GDP until 2037. The second
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Newsletter 110 - 10/03/2017
. It appears, for instance, that the Greek side has accepted the pre-legislation of 2 percent of GDP (3.6... payment for EFSF loans, coupled with a primary surplus of 2 percent of GDP as of 2021, is consistent... of measures, with the IMF demanding interventions worth 2 percent of GDP, counter-measures and labour market
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