RaboResearch - Economic Research

Economic Comment

Eurozone (debt) crisis: Country Profile Greece

Weak private and public finances prior to the crisis are to blame for the severity of the recession and the public debt crisis. Harsh measures triggered a process of sharp economic contraction. The outlook remains bleak and unemployment and debt sky-high.

Economic Comment Dutch version

Recent developments in Greece

In the past months, the tensions between Greece and its creditors have grown and so has the risk of a Greek exit from the eurozone. It is only recently that the Greek government seems willing to give in to the tough demands of Europe in return for financial support. Yet it is far from clear when the crisis will be defused and what exactly this will entail.

Economic Report Dutch version

From Grexit to Agree(k)ment

On 12 July, European leaders reached agreement as a basis to start negotiations on a third support package for Greece. This is under the condition that the Greek parliament accepts the proposal ultimately on Wednesday, after which parliaments in several other member countries have to give their mandate for starting the actual negotiations about the support package.

Economic Report

Pre-referendum Greece: a road map for the months ahead

The referendum this Sunday will not end uncertainty over Greek saga, also not in case of the most favourable outcome. As such it is unthinkable that Greek banks are reopened on Tuesday. We provide three scenario’s on what to expect in the next months.

Economic Comment Dutch version

Greek state of play

After the negotiations between Greece and the institutions were discontinued on Saturday, all eyes are on Greece. With no exposure of Eurozone banks and new mechanisms in place at the European aimed to prevent contagion we do not foresee major contagion events in the event of a Greek default.

Country Report

Country Report Greece

The outlook of the Greek economy outlook is improving, while progress under the bailout program remains broadly on track. That said, future political stability cannot be taken for granted and might weigh on the ability to push through with reforms.

Country Report

Country Report Greece

In November 2012, the Troika relaxed Greece’s budget and privatization targets and there was a deal to bring down the government debt. Although positive, we still believe a further debt restructuring is necessary to make the debt more sustainable.

Special

Political risks in the eurozone (Special)

The eurozone's south is implementing austerity measures while the north is buying them the time to do so. Economic issues are usually extensively discussed. But what are the political risks that might render this strategy unfeasible?

Country Report

Greece (Country report)

Due to the self-defeating character of the huge austerity package, the Greek economy still experiences a deep recession while the government did not manage to continue narrowing the budget deficit substantially.

Country Report

Greece (Country report)

The Greek austerity and reform programme has been broadly successful in making a running start in 2010. For 2011 the programme is at a cross-roads as the distance yet to cover remains impressive, in terms of both budgetary consolidation and structural reforms.