MacroPolis

Commission sets out parameters for post-programme enhanced surveillance

The European Commission announced on Wednesday that everything is in place for the enhanced surveillance framework to be adopted after the third programme is completed on August 20.

Moscovici hints at possibility of shelving 2019 pension cuts, riles opposition

During his visit to Athens on Tuesday, European Economic Affairs Commissioner Pierre Moscovici seemed to suggest that Greece might not have to implement the pension cuts that have been lined up for next year.

BoG Monetary Policy Report positive on programme end but advises caution for future targets

Bank of Greece (BoG) issued its annual Monetary Policy Report for 2017 – 2018 on Monday, in which it outlines the positive outlook from the completion of the third adjustment programme and the debt and surveillance decisions of the last Eurogroup.

Economic sentiment at 102.5 in June as improvement in subindexes slows

Greece’s economic sentiment (ESI) declined by 1.7 points in June and came to 102.5 versus the reading of 104.2 in May, European Commission (EC) figures revealed on Thursday.

EC sees relief measures securing debt sustainability despite poorer growth, market access prospects

Following the Eurogroup agreement early last Friday, the European Commission updated the compliance report of the fourth review to include the Debt Sustainability Analysis (DSA) put together by Greece’s European creditors.

MTFS outlines ambitious economic and fiscal road for next four years

The government tabled in Parliament on Friday evening the Medium-Term Fiscal Strategy (MTFS) for 2019 - 2022 as part of the multi-bill containing the measures needed for the conclusion of the fourth and final programme review.

The first cut is the deepest? Greek pension reforms in context

By: Georgia Nakou

It is 5:59am on a Sunday morning. The host of the morning talk show, a man of near-pensionable age – a look he has affected for well over a decade – adopts an alarmed look. The caption screams “NEW PENSIONS MASSACRE”. Projected on the backdrop, a dense table of numbers several columns wide defies legibility, and several talking heads are lined up in a panel to argue vociferously and incoherently over how badly pensioners can expect to suffer from the latest spending cuts.

Economic sentiment up to 104.2 in May, construction confidence grows by 15.7 pts

Greece’s economic sentiment (ESI) grew by 0.6 points to 104.2 in May versus 103.6 in April, European Commission (EC) figures revealed on Wednesday.

EC forecast acknowledges pressure on Greek households, revises down growth

The European Commission (EC) had to revise its growth estimates for Greece in its Spring 2018 forecasts and is now expecting the country to grow this year by 1.9 percent, from 2.5 percent previously.

Institutions prepare for Athens return, completion of fourth review

The institutions will return to Athens on May 14 with a view to securing a staff-level agreement (SLA) to bring the fourth review to a close later in the month, the Eurogroup decided on Friday.