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Credit expansion grows by 4.5 pct in Mar, driven by corporations
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Deposits reverse contraction in Mar with 1.67 bln growth
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Building permits start year strongly with 15.1 pct rise in Jan
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March hirings balance hits new high, boosted by seasonal jobs in catering and accommodation
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Fiscal data for 2023 indicates that 2.1 pct of GDP goal is within reach
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Travel balance rises in Feb as arrivals jump by 20.7 pct in first two months
Government tones down fiscal pledges as tighter framework starts to bite
The tight fiscal framework imposed by the new Stability and Growth Pact rules and Greece's long-standing commitment to primary surpluses above 2 pct of GDP for decades are catching up with the Greek government, as the window that allowed for handouts and support initiatives thanks to the escape clause is now firmly closed.
In Parliament last week, Finance Minister Kostis Hatzidakis briefed MPs on the new SGP rules that will be in place from next year, stressing that spending ceilings will play a more prominent role in the surveillance process and that surplus revenues can...
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