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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.
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Society
Council of Europe report warns over austerity-inflamed inequality in education A report on Greece by the Commissioner for Human Rights of the Council of Europe has outlined how austerity damaged the country’s education system and exacerbated inequality in accessing education.
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EconomyMacroeconomy EC autumn forecast lowers growth for 2019 on pending budget finalisation The European Commission (EC) issued on Thursday its regular autumn forecasts for 2018, the first forecast since 2010 that Greece is not in an adjustment programme.
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EconomyProgramme
Lenders focus on closing any fiscal gap for 2019 ahead of November 19 Eurogroup Monday’s Eurogroup did not provide any definitive answers regarding the negotiations between Greece and the institution over the 2019 budget but the indications are that Athens will be allowed to scrap next year’s pension cuts if it can re-assure the lenders that the 3.5 percent of GDP primary surplus will not be put at risk.
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EconomyProgramme
IMF distances itself from budget talks, leaving Athens and EU to hammer out deal The International Monetary Fund has officially indicated that although it believes Greece should implement the pension cuts it has agreed for next year, it will leave it up to Athens and its European lenders to come to an arrangement over the 2019 budget.
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EconomyMacroeconomy
Economic sentiment drops to 101 in October, consumer confidence rises by 6.6 points Greece’s economic sentiment (ESI) fell by 0.3 points to 101 in October compared to September, European Commission (EC) figures revealed on Tuesday.
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EconomyFeatures
New details reveal what may have led to discrepancy in Athens Airport concession price Sources at the Hellenic Republic Asset Development Fund (HRADF) admitted this week that the initial price of the Athens International Airport (AIA) contract had been too low based on outdated parameters.
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EconomyProgramme
Athens to send draft budget to Brussels after talks with IMF on pensions The Greek government is expected to submit to the European Commission a version of its 2019 budget that is along the lines of the draft plan submitted to Greek Parliament on October 1, which includes a scenario in which the 1 percent of GDP in pension cuts agreed with the institutions are applied and one in which they are not.