Eurogroup President Jeroen Dijsselbloem announced after the November 6 Eurogroup that “there is a strong support for a precautionary credit line in a form of Enhanced Conditions Credit Line (ECCL).” But what does this mean for Greece?
International tourist arrivals at Greece’s main airports surged 23.5 percent to 1.04 million in October, according to the provisional data released by the Association of Greek Tourism Enterprises (SETE).
Τhe rate of growth in the number of road motor vehicles going into circulation for the first time at dipped to 33.7 percent in October from 44.3 percent in September, according to the Hellenic Statistical Authority (ELSTAT).
The Greek Industrial Production Index (IPI) posted a decline for the seventh successive month in September, dropping by 5.1 percent following an upward revised 5.9 percent decrease in August, according to the Hellenic Statistical Authority (ELSTAT).
The Greek economy showed deeper deflation of 1.7 percent in October from 0.8 percent in September, according to the Hellenic Statistical Authority (ELSTAT).
The Greek stock market plunged 5.38 percent on Friday in the aftermath of the Eurogroup’s indication that it would support a precautionary credit line for Greece in the form of an Enhanced Conditions Credit Line (ECCL).
Eurobank reported a net loss of 186.6 million euros in the third quarter (Q3) from 301.1 million in Q2.
Greece’s exports remained on a downward trend for the third straight month in September but the drop accelerated to 8.7 percent, according to the flash estimates of commercial transactions released by Hellenic Statistical Authority (ELSTAT) on Friday.
National Bank (NBG) posted nine-month (9M) net profits of 1.18 billion euros, from 262 million last year, the lender announced on Thursday.
Alpha Bank reported on Tuesday a nine-month (9M) net profit of 110.3 million euros from 3.13 billion last year.