{
  "url": "https://openlegislation.uk/eu-decision-2015-454/annex/appendix",
  "json_url": "https://openlegislation.uk/eu-decision-2015-454/annex/appendix.json",
  "legislation": "eudn/2015/454",
  "legislation_title": "Commission Decision (EU) 2015/454 of 9 July 2014 on the State aid SA.34823 (2012/C), SA.36004 (2013/NN), SA.37965 (2013/N), SA.37966 (2013/N), SA.37967 (2013/N) implemented by Greece for Alpha Bank Group relating to: Recapitalisation and restructuring of Alpha Bank S.A., Resolution of Cooperative Bank of Western Macedonia through a transfer order to Alpha Bank S.A., Resolution of Evia Cooperative Bank through a transfer order to Alpha Bank S.A., Resolution of the Cooperative Bank of Dodecanese through a transfer order to Alpha Bank S.A. (notified under document C(2014) 4662) (Only the English text is authentic) (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2015-454",
  "path": "annex/appendix",
  "kind": "appendix",
  "number": null,
  "heading": null,
  "text": "Macroeconomic projections for Greek domestic operations\n% annual growth(unless otherwise stated)\n2012\n2013\n2014\n2015\n2016\n2017\nCumulative growth rate 2013-2017\nReal GDP\n-6,4\n-4,2\n0,6\n2,9\n3,7\n3,5\n6,4\nNominal Loan growth Greece\n-6,4\n-4,2\n0,6\n2,9\n3,7\n3,5\n6,4\nGDP deflator\n-0,8\n-1,1\n-0,4\n0,4\n1,1\n1,3\n1,3\nProperty prices\n-11,7\n-10\n-5\n0\n2\n3,5\nNominal household disposable income\n-8,8\n-9,5\n-0,3\n-0,4\n2,6\n3,6\n-4,5\nPrivate Sector deposits\n-7\n1,3\n1\n3,4\n5\n5\n16,6\nUnemployment (%)\n24,2\n27\n26\n24\n21\n18,6\nECB refinancing rate (%)\n0,75\n0,5\n0,5\n1\n1,5\n1,75\nNPL formation peak\n2H2014\nEuribor 3 months (average, %)\n0,24\n0,43\n0,75\n1,25\n1,8\nAccess to capital markets – repos\nYES-No Cap\nAccess to capital market – covered/senior unsecured\nYES – up to EUR 500 million each\nYES — up to EUR 1 billion each\nYES-No Cap",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2015/454/annex/appendix",
    "retrieved_at": "2026-11-01T15:14:25.798006+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}