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EconomyProgramme
Tweaks to proposal on protection of main homes likely to be needed It appears that the Greek government still has work ahead of it to refine the proposal for the protection of primary residences as the institutions have a number of objections.
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EconomyProgramme
EU officials suggest frantic days ahead for Athens until March 11 Eurogroup Comments made to Reuters by European officials regarding the possibility of eurozone finance ministers delaying a decision to disburse up to 750 million euros to Greece on March 11 have raised concerns in Athens, where the Finance Ministry is waiting for a response from Brussels to its proposal for a new scheme to protect primary residences from foreclosure.
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EconomyProgramme
Athens prepares new primary residences proposal after finding common ground with banks The Greek government and local banks are reportedly making progress in their discussions about how to replace the Katseli law, which expires at the end of the month, with a new framework for protecting primary residences from foreclosure.
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EconomyProgramme
Lenders fret over reform delays as Brussels revises 2019 growth forecast upwards to 2.2 pct The institutions have put on record their concern about the delays from the Greek side regarding the implementation of the post-MoU reforms just as Athens pledged that it will be ready to legislate a new framework for the protection of primary residences by the end of the month.
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EconomyProgramme
Second post-MoU review hinges on NPL plan and protection for primary residences An uncomfortable Euro Working Group meeting last week has left Athens with much to do in the coming days as it seeks to obtain the green light for the disbursement of the ANFA and SMP bond profits in March.
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EconomyMacroeconomy
Jan economic sentiment at 99.6 as consumer confidence posts best reading since 2009 Greece’s economic sentiment (ESI) was down by 1.3 points to 99.6 in January compared to a reading of 100.9 points in December 2018, European Commission (EC) figures revealed on Wednesday.
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EconomyMacroeconomy
Economic sentiment at 101.6 in December, consumer confidence and retail trade strengthen Greece’s economic sentiment (ESI) down by 0.2 points to 101.6 in December from 101.8 in November, European Commission (EC) figures revealed on Tuesday.
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EconomyProgramme After 2019 budget, lenders turn attention to Greek post-MoU reform tasks Greece is not expected to feature prominently at Monday’s Eurogroup but eurozone finance ministers are expected to give the 2019 budget the final green light and urge Athens to quickly shift its attention to the 16 post-programme actions that have to be completed by February.
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EconomyMacroeconomy
ESI up to 101.8 in November, consumer confidence rises for sixth straight month, jumping by 2.5 pts Greece’s economic sentiment (ESI) rose by 0.8 points to 101.8 in November from 101 in October, European Commission (EC) figures revealed on Thursday.
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EconomyProgramme
European Commission approves 2019 budget, urges focus to meet end of year reform goals As part of the European semester package, the European Commission issued on Wednesday the first report for Greece under the enhanced surveillance framework that came into effect following the conclusion of the European Stability Mechanism (ESM) programme last August.