Platon Monokroussos
Greece Macro Monitor (3 April 2014)
Latest domestic macro/political developments and what lies ahead
Contents
§ Hellenic Parliament endorses key multi-bill including prior actions for the disbursement of new EU/IMF financing
§ Government’s parliamentary majority reduced
§ April 1st Eurogroup gives political approval for the release of next EU loan tranche in three instalments
§ IMF Board expected to approve in late April next loan tranche to Greece, amounting to as much as €3.4bn
§ General government financing gap fully covered on a 12-month forward basis
§ Official discussions on a new debt relief package for Greece to commence after the publication of Eurostat’s next EDP report scheduled for April 23th
§ Greek government sees no need for a new financing program from the official sector
§ Greece opts for a swift return to wholesale funding markets; reports suggest April market comeback with €2bn 5-year government bond
The PDF herebelow include and explains all the above, view it:
GREECE MACRO FOCUS, April 3, 2014
