# Commission Decision (EU) 2015/455 of 23 July 2014 on the State aid SA.34826 (2012/C), SA.36005 (2013/NN) implemented by Greece for Piraeus Bank Group relating to the recapitalisation and restructuring of Piraeus Bank SA (notified under document C(2014) 5217) (Only the English text is authentic) (Text with EEA relevance), Appendix

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

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

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Source: https://www.legislation.gov.uk/eudn/2015/455/annex/appendix (the official version)
Page: https://openlegislation.uk/eu-decision-2015-455/annex/appendix
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.