As seemed likely following the European Commission’s second enhanced surveillance report last month, Monday’s Eurogroup did not lead to the activation of the latest round of debt relief measures for Greece.
Greece’s Debt Management Agency (PDMA) has provided the details of the country’s second bond issuance of the year last week, which was the first 10-year benchmark since 2010 – a last foray before Athens lost market access and signed the first bailout.
Greece’s Industrial Production Index (IPI) grew by 3.4 percent year-on-year (YoY) in January from an upward revised figure of 1.3 percent in December, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
Greece’s trade deficit increased by 9 percent year-on-year (YoY) in January, accelerating from the 5.1 percent rise seen in December, data from the Hellenic Statistical Authority (ELSTAT) showed on Friday.
Eurobank recorded net profits of 29 million euros in the fourth quarter (Q4) of 2018 from 58.8 million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 50.7 percent.
The chances of Greece securing the eurozone’s approval for almost 1 billion euros in debt relief measures at Monday’s Eurogroup appear slim as Athens and the institutions had not settled on the details of the legislation for primary residences by Friday.
The turnover index in accommodation and food services remained positive for a seventh continuous quarter in the fourth quarter (Q4) of the year, with an increase of 2.8 percent (ELSTAT) figures showed on Thursday.
Greece’s seasonally adjusted (SA) GDP fell by 0.1 percent quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2018 after an upwards revised increase of 1 percent in the previous quarter, provisional estimates from ELSTAT revealed on Thursday.
Greece’s seasonally adjusted (SA) unemployment rate continued its downward path in December and came to 18 percent after a slightly downward revised 18.3 percent in November, from 18.5 percent previously, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
The positive sentiment around Greek sovereign debt, which has been evident since the turn of the year, manifested itself again on Monday when Greece opened the book-building process for a new 10-year benchmark.