Greece Macro Monitor-Successful review of the 2nd Adjustment Programme is of crucial importance for the Greek economy; the positive effect of the OMT limited in the short run(September 18, 2012) | Eurobank
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Greece Macro Monitor-Successful review of the 2nd Adjustment Programme is of crucial importance for the Greek economy; the positive effect of the OMT limited in the short run(September 18, 2012)

• Successful review of the 2nd Adjustment Programme is of crucial importance for the Greek economy; the positive effect of the OMT limited only in the short run
• Open issues beside the identification of the 11.80 bn of measures: source of financing for the requested two-year extension of the programme’s duration and credible answers to the concerns on Greek debt sustainability
• Q2-2012 non-seasonally adjusted real GDP declines by -6.3%YoY, following a -6.5%YoY contraction in the prior quarter.