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Debt
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Economy
Central government debt edges down to 321 bln in Q1 Greece’s central government debt eased to 321.01 billion euros in the first quarter (Q1) of 2016 from 321.33 billion in Q4 2015, according to the Finance Ministry (MoF) debt bulletin.
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EconomyProgramme
IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief Ahead of the Eurogroup meeting on Tuesday, the International Monetary Fund published its preliminary debt sustainability analysis (DSA), which was distributed to its Executive Board but was neither discussed nor approved.
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Economy
Complex privatisation fund faces tall order to reduce Greek debt On top of the fiscal measures yielding 3 percent of GDP by 2018, one of the key prior actions for the conclusion of Greece’s first programme involves the establishment of a new privatisation fund.
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EconomyProgramme
Eurozone sets out proposals for staggered debt relief for Greece The Greek government was encouraged by the public references to debt relief following Monday’s Eurogroup in Brussels, although it was made clear that no real steps should be expected before the next gathering of eurozone finance ministers on May 24 and that any interventions would be spread over time.
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Economy
EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017 In its spring economic forecasts released on Tuesday, the European Commission (EC) lowered its estimates for Greek GDP contraction to 0.3 percent in 2016 from 0.7 percent expected in early February. EC noted that the slower than initially anticipated recession this year is largely due to the more moderate adverse trends in the second half of 2015.
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Economy
IMF sees 0.6 pct primary deficit in 2015, lowers debt forecast below 180 pct In its latest Fiscal Monitor report, the IMF refrained from providing its estimates on Greece’s public finances for 2016 onwards due to ongoing negotiations with the Greek government and the European partners.
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Economy
Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln Greece’s central government debt grew for the third successive quarter in Q4 of 2015 by 6.78 billion euros to 321.33 billion from 314.55 in Q3, according to the Finance Ministry (MoF) debt bulletin.
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Economy
EC sees resilience in Greek economy, urges additional measures in 2016 and 2017 In its winter economic forecasts published on Thursday, the European Commission (EC) aligned its GDP estimates with those incorporated in Greece’s 2016 budget calling for GDP growth in 2015 and contraction of 0.7 percent in 2016.
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Economy
Central gov’t debt rises to 314.6 bln in Q3 on eurozone tranche and GGB redemptions Greece’s central government debt rose by 1.75 billion quarter on quarter (QoQ) to 314.55 billion euros at the end of the third quarter (Q3) of 2015 from 312.8 billion at the end of Q2, the Finance Ministry (MoF) debt bulletin displayed on Monday.
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Economy EC sees milder Greek recession in 2015, debt ratio to climb to 200 pct in 2016 In its autumn economic forecasts published on Thursday, the European Commission (EC) revised its estimates on the Greek economy to take into account the uncertainty surrounding the bank holiday and the imposition of capital controls in late June.