Greek banks’ Eurosystem funding continued heading south for the fourth straight month in October, when it eased by 2.01 billion euros from a 2.67 billion drop in September, the Bank of Greece's (BoG) monthly financial statement showed on Monday.
Greece’s central government primary cash surplus widened by 61.3 percent to 4.84 billion euros in the 10-month period of 2015 from 3 billion last year, according to Monday’s Bank of Greece (BoG) data.
After lengthy discussions over the weekend, the key issues remaining unresolved in the negotiations of Greek authorities with the quadriga mission chiefs are foreclosures and management of bad loans (NPLs).
Fitch affirmed on Friday evening Greece’s rating at ‘CCC’, where it had been upgraded by one notch on August 18.
The Greek stock market headed south for the third straight week, shedding 3.7 percent mainly due to a strong underperformance from banks, while volumes were subdued.
The Greek seasonally adjusted (SA) GDP at constant prices fell quarter on quarter (QoQ) by 0.5 percent in Q3 2015 following a downward revised 0.4 percent growth posted in Q2, the Hellenic Statistical Authority (ELSTAT) flash estimates displayed on Friday.
Following a deteriorated fiscal performance in September, Greece’s budget primary balance showed a surplus of 1.45 billion euros in October from deficit of 726 million in September, Finance Ministry (MoF) preliminary budget figures showed on Friday.
Greek building permits dropped for the second successive month, yet at a slower pace by 11.4 percent in August from a 31.6 percent in July, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Greece’s seasonally adjusted (SA) unemployment rate fell for the second straight month to 24.6 percent in August from a downward revised 24.9 percent in July, the Hellenic Statistical Agency (ELSTAT) labour force survey showed on Thursday.
Following the Eurogroup decision on Monday to decouple the disbursement of the 10 billion for bank recapitalisation from the implementation of the second list of prior actions or the completion of the first programme review, the government aims to close current pending issues by early next week.