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PoliticsGreek Politics
Greece hopes promising fiscal, economic data will help its cause in review talks The visit of Economic Affairs Commissioner Pierre Moscovici to Athens on Wednesday appeared to provide the Greek government with some comfort about the possibility of an agreement being reached between Greece and its lenders.
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EconomyMacroeconomy
European Commission positive on Greece's macro and fiscal prospects Greece is showing signs of recovery and its economy is expected to strongly rebound as of 2017 if the second programme review is completed, the European Commission (EC) notes in its winter economic forecasts published on Monday.
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Economy
In autumn forecasts, EC sticks by GDP estimates but expects lower unemployment In its autumn economic forecasts published on Wednesday, the European Commission (EC) repeated its previous estimate that economic activity will start picking up from the second half of this year, before notably accelerating in the next two years.
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EconomyProgramme
Arrears clearance meets September target, unlocks latest tranche The European Commission (EC) published a note for the Eurogroup Working Group on Tuesday regarding the monitoring of net arrears clearance in the July-September period.
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Economy
Greek VAT gap narrowed 22.4 pct to 4.9 bln in 2014, EC report shows The European Commission (EC) published a report on Tuesday examining the evolution of the VAT gap in EU countries based on the most recent data available, from 2014.
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EconomyProgramme In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented In its compliance report for the first programme review, the European Commission (EC) included an updated debt sustainability analysis (DSA). This takes into account the milder recession and higher fiscal outcome in 2015 and lower bank capital needs.
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Economy
EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017 In its spring economic forecasts released on Tuesday, the European Commission (EC) lowered its estimates for Greek GDP contraction to 0.3 percent in 2016 from 0.7 percent expected in early February. EC noted that the slower than initially anticipated recession this year is largely due to the more moderate adverse trends in the second half of 2015.
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Economy EC sees resilience in Greek economy, urges additional measures in 2016 and 2017 In its winter economic forecasts published on Thursday, the European Commission (EC) aligned its GDP estimates with those incorporated in Greece’s 2016 budget calling for GDP growth in 2015 and contraction of 0.7 percent in 2016.
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Economy EC sees milder Greek recession in 2015, debt ratio to climb to 200 pct in 2016 In its autumn economic forecasts published on Thursday, the European Commission (EC) revised its estimates on the Greek economy to take into account the uncertainty surrounding the bank holiday and the imposition of capital controls in late June.
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Economy EC study: VAT gap in Greece at 34 pct, more than double the EU average The European Commission published a study on Friday that examines the evolution of the VAT gap across the EU according to the latest available data for 2013.