Appendix
United Kingdom
Macroeconomic projections for Greek domestic operations
| % 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 | ||||
Notes on Annex
Footnotes
- f1
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Council Regulation (EC) No 659/1999 of 22 March 1999 laying down detailed rules for the application of Article 108 of the treaty on the functioning of the European Union (OJ L 83, 27.3.1999, p. 1).