# Commission Decision of 29 April 2014 on the State aid SA.34825 (2012/C), SA.34825 (2014/NN), SA.36006 (2013/NN), SA.34488 (2012/C) (ex 2012/NN), SA.31155 (2013/C) (2013/NN) (ex 2010/N) implemented by Greece for the Eurobank Group related to: Recapitalisation and Restructuring of Eurobank Ergasias S.A.; Restructuring aid to Proton bank through creation and capitalisation of Nea Proton and additional recapitalisation of New Proton Bank by the Hellenic Financial Stability Fund; Resolution of Hellenic Postbank through the creation of a bridge bank (notified under document C(2014) 2933) (Only the English text is authentic) (2014/885/EU), Annex Appendix: MACROECONOMIC PROJECTIONS FOR GREEK DOMESTIC OPERATIONS

Extent: E+W+S+N.I.

% annual growth (unless otherwise stated)
2012
2013
2014
2015
2016
2017
Cumulative growth rate 2013-2017
Real GDP
-6,4
-4,2
0,6
2,9
3,7
3,5
6,4
Nominal loan growth Greece
-6,4
-4,2
0,6
2,9
3,7
3,5
6,4
GDP deflator
-0,8
-1,1
-0,4
0,4
1,1
1,3
1,3
Property prices
-11,7
-10
-5
0
2
3,5
Nominal household disposable income
-8,8
-9,5
-0,3
-0,4
2,6
3,6
-4,5
Private Sector deposits
-7
1,3
1
3,4
5
5
16,6
Unemployment (%)
24,2
27
26
24
21
18,6
ECB refinancing rate (%)
0,75
0,5
0,5
1
1,5
1,75
NPL formation peak
2H2014
Euribor 3 months (average, %)
0,24
0,43
0,75
1,25
1,8
Access to capital markets — repos
YES-No Cap
Access to capital market — covered/senior unsecured
YES — up to EUR 500 million each
YES — up to EUR 1 billion each
YES-No Cap

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Source: https://www.legislation.gov.uk/eudn/2014/885/annex/Appendix (the official version)
Page: https://openlegislation.uk/eu-decision-2014-885/annex-Appendix
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.