Revised GDP data shows recession for 2016, higher growth in 2014
Budget primary surplus at 4.5 bln in 9-month, below target on lower revenues, higher tax refunds
Eurosystem funding falls by 3.58 bln in September
New overdue tax obligations at 1.07 bln in August, total at 98.23 bln
Building activity falls by 2.4 pct in July
Travel balance posts surplus of 3.15 bln in H1 2017
Athens rushing to reduce arrears and secure 800 mln in bailout funds
The Greek Finance Ministry finds itself in a race against time to meet the target of paying back some of its arrears to the private sector and secure the last part of the European Stability Mechanism (ESM) disbursement worth 800 million euros.
Following the conclusion of the second review, the ESM board approved on July 7 the disbursement of 8.5 billion euros to Greece in two instalments. The first was released immediately to meet 6.9 billion euros of debt obligations and 800 million euros fo...
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