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Debt
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Economy
Greece ponders how to deal with rising unpaid private debt, which hit 88 pct of GDP Unpaid private debt in Greece is estimated to have reached around 160 billion euros, which corresponds to 88 percent of GDP, but was largely ignored until the last few days, when it became a key issue in the discussion between the government and the troika.
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Economy
Greek central government debt inches down to 320.42 bln in Q1 Greece’s central government debt slipped by 1.06 billion quarter on quarter in Q1 2014 to 320.42 billion from 321.48 billion in the previous quarter, according to the Finance Ministry debt bulletin published on Wednesday.
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EconomyProgramme
Greece lays out plans for debt relief from eurozone Greece is due to raise the subject of further debt relief at Monday’s Eurogroup but with the official sector poised to take a hit this time as opposed to the Private Sector Involvement (PSI) of early 2012.
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Economy
EC sticks with 0.6 pct growth for Greece in 2014 but also sees C/A deficit In its winter economic forecasts released on Tuesday, the European Commission (EC) notes that recent data support expectations that Greece should return to growth in 2014. Confidence indicators continue to improve, whilst hard data releases suggest the first signs of recovery.
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EconomyProgramme
Greece’s first bailout, lenders and their pledge to maintain debt exposure The Wall Street Journal and El Pais published over the weekend a revealing record of the minutes from the International Monetary Fund’s board meeting in May 2010, which sealed the organizations participation in the first Greek bailout.
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EconomyMacroeconomy
OECD's Greek debt forecast shakes foundations of troika DSA The secretary general of the Organization for Economic Cooperation and Development (OECD), Angel Gurria, handed Antonis Samaras the Paris-based body’s Economic Survey for Greece on Wednesday. It contains staggering projections with regard to the country’s debt and gives the Greek prime minister and his cabinet much to think about.