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European Commission keeps DSA broadly same, stresses need for relief
EconomyProgrammeThe Compliance Report issued by the European Commission following the formal conclusion of the third review at Monday’s Eurogroup includes the updated Debt Sustainability Analysis (DSA) put together by the European institutions.
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Economic sentiment reaches 101 pts in Dec, highest in more than 3 years
EconomyMacroeconomyGreece’s economic sentiment (ESI) had one of its most marked improvement of 2017 in the final months of the year, when it edged up by 2.6 points to 101 from 98.4 in November, European Commission (EC) figures revealed on Monday.
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EC upbeat on reforms paying off, as long as they continue
EconomyProgrammeIn 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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EC sees lower growth in 2017 but no concerns for fiscal targets
EconomyMacroeconomyThe European Commission remains optimistic about the Greek economy’s prospects in its Autumn forecasts, which were released on Thursday.
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Economic sentiment at 98.3 pts in October, consumer confidence drops -0.3 pts
EconomyMacroeconomyGreece’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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Economic sentiment breaks 100-point mark in Sept, consumer confidence up by 3.3 pts
EconomyMacroeconomyGreece’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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Review demands put spotlight on Greek banks
EconomyBankingGreek 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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Clean exit under discussion but course of third review holds key
EconomyProgrammeThe 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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Tsipras urges swift conclusion of review but doubts linger
PoliticsGreek PoliticsConcerned 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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Economic sentiment improves again in Aug, consumer confidence climbs by 4.5 pts
EconomyMacroeconomyGreece’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.