Eurogroup decisions and statement on Greece

The Eurogroup concluded yesterday that the necessary elements are in place for the approval of the next EFSF installment, which amounts to €7.5bn. The disbursement will take place in two sub-tranches: A first sub-tranche of €4.2bn will be approved by the EWG and the EFSF BoD in the following days, following the completion of the…

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Προβάλλοντας αποτελεσματικά το ελληνικό τουριστικό προϊόν

Τη δημιουργία μίας πρωτοποριακής εταιρείας – εργαλείου αποτελεσματικής προβολής του ελληνικού τουριστικού προϊόντος, ανακοίνωσαν σήμερα από κοινού ο Σύνδεσμος Ελληνικών Τουριστικών Επιχειρήσεων (ΣΕΤΕ), το Ξενοδοχειακό Επιμελητήριο Ελλάδος (ΞΕΕ) και η Ένωση Εταιριών Διαφήμισης και Επικοινωνίας Ελλάδος (ΕΔΕΕ), παρουσιάζοντας τον νεοσύστατο φορέα «Marketing Greece A.E.»   Στα ευρύτερα πλαίσια της εθνικής στρατηγικής για τον τουρισμό, στόχος…

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General government cash surplus at €72m in 2M’12 (MoF)

Greek Ministry of Finance announced yesterday that general government surplus, according to cash data, stood at €72m in 2M ’13 from €2,295m in 2M ‘12, with primary surplus at €1,375m down 57.1% y-o-y, incorporating: -state budget (i.e. central government) deficit of €1,007m (2M ’12: surplus of €597m) and primary surplus of €268m (2M’12: €1,459m). -extrabudgetary…

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Fitch note on Greek Economy

In its latest comment on Greece (05/02/2013) Fitch noted that Greece has hit its fiscal target for 2012 and posted a minor primary surplus despite economic underperformance. The deficit reduction was achieved by a combination of larger than expected cuts in primary government expenditure and private and official sector debt relief. Fitch stressed that continued…

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Critical votes on prior actions and budget

New Democracy and PASOK officials were hopeful that both the omnibus bill, including structural and labor reforms and the 2013 budget, will be voted in the parliament next Wednesday and Sunday respectively estimating that 153-157 MPs will back the measures. Reportedly, PM sources said that contact with the coalition parties and the troika would continue…

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