November current account deficit at 1.41 bln as import value outstrips exports
Industrial turnover rises by 7 pct in November
Primary cash surplus at 16.19 bln in 2018, 3.18 bln spent on reducing arrears
Building permits rise by 23.8 pct in Oct, up by 10.9 pct in first 10 months
Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
CPI up by 0.6 pct in Dec, matching annual average increase for 2018
Eurosystem funding drops by another 4.3 bln in July, largely on reduced ELA reliance
Greek banks’ Eurosystem funding continued heading south for the thirteenth month in a row in July, when it decreased by 4.3 billion in July after a drop of 8.57 billion in June, the Bank of Greece's (BoG) monthly financial statement showed on Thursday.
As we have previously noted, the ongoing reduction in ELA funding balance has a positive impact on Greek banks’ net interest income, since its funding cost stands 150 basis points above that of ECB funding.
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