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Greece: Latest domestic developments and what lies ahead

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Platon Monokroussos

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

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