Economy
EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
The European Commission (EC) published on Wednesday its assessment following the official Greek request for a 3-year loan from the European Stability Mechanism (ESM).
Credit standards tougher in Q2, expected to tighten further
Credit standards for corporate loans tightened quarter on quarter (QoQ), according to the Bank of Greece (BoG) bank lending survey (BLS) for the second quarter (Q2) of 2015.
IMF urges substantial debt relief for Greece
The International Monetary Fund published late on Tuesday an update of the preliminary debt sustainability analysis (DSA) that was released on June 26, arguing that Greek debt has become highly unsustainable.
Revenues 705 mln short in June but expenditure above target by 961 mln
Greece’s budget primary surplus widened to 1.88 billion euros in the first half of the year, from 1.51 billion in the 5-month period, and 707 million in the first half of last year, according to the Finance Ministry (MoF) preliminary budget bulletin published on Tuesday.
This is what's in the legislation Greece has to approve by Wednesday night
The government tabled in Parliament on Tuesday the first draft bill including three of the four measures Greece has committed to as part of Monday’s Euro Summit agreement to legislate before July 15.
Building activity up by 6.2 pct in April for third straight rise
Greek building permits advanced for the third straight month by 6.2 percent in April from 19.1 percent in Mar, according to the Hellenic Statistical Authority (ELSTAT).
A breakdown of what Tsipras and European lenders agreed to
After 17 hours of negotiations, the Euro Summit unanimously reached an initial agreement for a 3-year European Stability Mechanism (ESM) programme for Greece.
This is what the Eurogroup is proposing as a basis for a third Greek bailout
Following today’s Eurogroup meeting on Greece, a 4-page draft document to be presented to the Eurozone Summit was leaked to the press. We summarize below the key points of the draft statement.
The key numbers behind the latest Greek proposals
The latest Greek government proposal sent to the institutions on Thursday evening did not put detailed numbers next to most of measures and reforms.
Industrial production down by 4 pct in May after three successive rises
After rising in the preceding three months, the Greek Industrial Production Index (IPI) fell by 4 percent in May following an upward revised 1 percent growth in April, according to the Hellenic Statistical Authority (ELSTAT).