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EconomyMacroeconomy
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.
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EconomyProgramme
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.
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EconomyMacroeconomy
Economic sentiment rises to 103.6 in Apr, consumer confidence rises by 4 pts Greece’s economic sentiment (ESI) rebounded by 3.8 points to 103.6 in April compared to 99.8 in March, European Commission (EC) figures revealed on Friday.
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EconomyProgramme
Juncker heralds MoU exit but fails to add clarity during Athens visit While the visit of European Commission president Jean-Claude Juncker to Athens on Thursday was seen as a symbolic gesture ahead of Friday’s Eurogroup and within the context of the final months of Greece’s third programme, it did little to provide clarity regarding the obstacles that have to be overcome in the coming weeks.
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EconomyProgramme
Debt, fiscal path still divide lenders ahead of Washington Group meeting All eyes will be on Friday’s meeting of the so-called Washington Group at the sidelines of the International Monetary Fund’s Spring Meetings, with Athens hoping that the gathering of some of its lenders will provide greater clarity about the upcoming programme exit.
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EconomyProgramme
Doubts about whether package deal with lenders is feasible by June The completion of the fourth review and the possibility that a delay in ticking off the 88 prior actions could push Greece and its lenders to the limit is back in focus this week.
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EconomyMacroeconomy
Economic sentiment drops in March after reaching recent high, consumer confidence stable The strong recovery trend in Greece’s economic sentiment (ESI) stopped in March as it dropped by 4.5 points to 99.8, from 104.3 in February, data from the European Commission (EC) showed on Tuesday.
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EconomyProgramme
Progress on new property values but concerns about energy privatisation A key prior action, involving the recalculation of property values so they can be fed into the ENFIA real estate tax, appears on the way towards completion but questions have arisen regarding another key deliverable.
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EconomyProgramme
Green light for next bailout funds as Commission stands ground on post-MoU scenarios It was confirmed on Thursday that the path is now clear for Greece to receive its 5.7-billion-euro tranche after completing the third review.
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EconomyProgramme
Finance Ministry waits for new property values as talk of bad bank gathers pace The government is hoping to move closer to the completion of a key prior action this week, when evaluators submit the results of their work on the new “objective” property values that will be used by the Finance Ministry to calculate this year’s ENFIA real estate tax.