Economy

Results 3531 to 3540 out of 3580.

Greek deposits slip in October as credit also contracts by 3.9 pct

Greek private sector deposits decreased by 0.6 percent month on month (mom) in October, with balances reaching 160.38 billion euros, according to the Bank of Greece (BoG). Net flow remained negative for the fifth consecutive month, with outflows slightly slipping at 630 million in October from 719 million in September.

Greek banks’ reliance on Eurosystem fell by 2.36 bln in October

Greek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, dropped by another 2.36 billion euros in October, according to the Bank of Greece’s (BoG) monthly financial statement.

Cash deficit to October widens to 9.1 billion euros

The central government net balance to October on a cash basis showed the deficit widening by 34 percent to 9.08 billion euros from 6.78 billion last year, according to the Bank of Greece (BoG).

Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com] Unemployment rate remained unchanged at 27.3 pct in August

The seasonally adjusted unemployment rate in August stayed flat at 27.3 percent, following a downward revision by 0.3 percentage points of the previously announced July rate of 27.6 percent, according to data released by the Hellenic Statistical Authority (ELSTAT).

Results 3531 to 3540 out of 3580.