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EC
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EconomyProgramme
EC upbeat on reforms paying off, as long as they continue In a background paper published on Monday, the European Commission (EC) takes stock of the progress in the first two thirds of Greece’s European Stability Mechanism (ESM) programme and provides an overview of the measures undertaken to date to achieve its four main objectives.
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EconomyMacroeconomy
EC sees lower growth in 2017 but no concerns for fiscal targets The European Commission remains optimistic about the Greek economy’s prospects in its Autumn forecasts, which were released on Thursday.
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EconomyMacroeconomy
Economic sentiment at 98.3 pts in October, consumer confidence drops -0.3 pts Greece’s economic sentiment (ESI) remained in positive territory in October but slipped under the 100-point mark to 98.3 compared to 100.6 points in September, European Commission (EC) figures revealed on Monday.
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EconomyMacroeconomy
Economic sentiment breaks 100-point mark in Sept, consumer confidence up by 3.3 pts Greece’s economic sentiment (ESI) continued its positive trend in September, rising by 1.6 points compared to August’s increase by 0.8 points, European Commission (EC) figures revealed on Thursday.
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EconomyBanking
Review demands put spotlight on Greek banks Greek banks have been a topic of discussion over the last few days after eurozone official highlighted last week the need for the management of NPLs and amid pressure from the International Monetary Fund for new asset quality reviews (AQRs) to be carried out.
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EconomyProgramme
Clean exit under discussion but course of third review holds key The probability of Greece exiting its programme next August without a credit line appears to be rising, but this is still dependent on the third review being completed without any serious delays or complications.
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PoliticsGreek Politics
Tsipras urges swift conclusion of review but doubts linger Concerned about the possibility of the third review becoming a protracted affair, Prime Minister Alexis Tsipras has urged his ministers to act quickly to complete the prior actions before the end of the year, which is when the institutions would also like to wrap up matters.
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EconomyMacroeconomy
Economic sentiment improves again in Aug, consumer confidence climbs by 4.5 pts Greece’s economic sentiment (ESI) continued in August its steady rise over the last three months as it edged up by 0.8 points although this was smaller than the 4.5-point increase in the previous month, European Commission (EC) figures revealed on Wednesday.
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PoliticsGreek Politics
Georgiou conviction may test relationship with lenders An Athens court handed the former head of the Hellenic Statistical Authority (ELSTAT), Andreas Georgiou, a two-year suspended jail sentence on Tuesday, potentially complicating the relationship between Athens and its lenders.
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PoliticsGreek Politics
EC recommends symbolic closure of deficit procedure as Athens mulls bond issue The European Commission announced on Wednesday that it is recommending the closure of the Excessive Deficit Procedure (EDP) against Greece for the first time since 2009.