Greek banks’ Eurosystem funding eased for the second successive month in August, when it fell by 1.23 billion euros after a drop by 1.29 billion in July, Bank of Greece's (BoG) monthly financial statement showed on Monday.
The Greek bank recapitalistion process will be one of the most pressing issues that the new government due to emerge from the September 20 snap elections will have to tackle.
The Eurogroup held in Luxembourg on Saturday was the first meeting of the eurozone finance ministers after the signing of the third bailout programme and the disbursement of the first 13 billion euros. It provided an opportunity for all sides to assess the state of play.
In its scheduled rating review, S&P affirmed on Friday Greece’s long- and short-term rating at ‘CCC+/C’ with a stable outlook.
The Greek stock market traded on positive grounds for most of this week's sessions, ending the week up 4.2 percent.
Greek building permits rose for the fifth straight month in June, when there was an increase of 14.7 percent compared to the modest growth of 1.9 percent recorded in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Greece’s seasonally adjusted (SA) unemployment rate edged up to 25.2 percent in June from 25 percent in May, the Hellenic Statistical Agency (ELSTAT) said on Thursday. The June headline figure indicates the second lowest reading in the course of 2015.
The Greek Consumer Price Index (CPI) fell by 1.5 percent in August from 2.2 percent in the preceding two months, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
After a short-lived drop by 23.9 percent in July, the number of road motor vehicles (going into circulation for the first time) rose by 20.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
The Greek Industrial Production Index (IPI) dropped for the third successive month, albeit at a decelerating pace, by 1.6 percent in July from an upward revised 4.7 percent in June, the Hellenic Statistical Authority (ELSTAT) said on Wednesday.