Economy
A breakdown of Greece’s revised financing needs as part of its new ESM programme
The European Commission (EC) recently published its updated assessment of Greece’s financing needs, which now stand at 85.5 billion for the 3-year period ending on August 2018, 3.8 billion above those presented in the eligibility report released on July 10.
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Athens bourse dives 10.54 pct on Monday, falling to lowest since June 2012
The Greek stock market tumbled 10.54 percent on Monday amid the prevailing uncertainty surrounding the pre-election period in Greece.
Wages index falls 1.8 pct QoQ in Q1 2015 for the second successive quarter
The seasonally adjusted Wages Index grew for the third successive quarter in Q1 but it was only a marginal rise of 0.3 percent year on year (YoY) from a 2.2 percent increase in Q4 2014, according to the Hellenic Statistical Authority (ELSTAT).
European Commission evaluates impact of bailout programme
A document recently published by the European Commission (EC) last week outlines the context and rationale of the reform and adjustment process as well as an analysis of the expected impact of the main measures included in the third bailout programme.
July rise of 388 mln in unpaid taxes is lowest for two years
Greece’s new unpaid taxes rose by 388 million euros in July from 656 million in June indicating a decelerating trend for the second straight month,according to data released by the General Secretariat of Information Systems (GSIS).
Current account in surplus for 2nd straight month in June but down 20 pct on 2014
Greece's current account (C/A) balance displayed a surplus for the second successive month, yet it narrowed by 20 percent year on year (YoY) at 1 billion in June from 1.25 billion a year ago, according to the Bank of Greece (BoG).
Industrial turnover fell 13.4 pct in June for second biggest drop since Oct 2009
Greece’s Turnover Index in Industry fell at an accelerating pace in June, when it declined by 13.4 percent from 4.2 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
Cash primary surplus for Jan-Jul close to 3 bln on improved revenues
Greece’s central government primary cash surplus improved by 23.3 percent to 2.99 billion euros in the 7-month period of 2015 from 2.42 billion last year, according to the Bank of Greece (BoG).
Eurogroup approves 3rd bailout for Greece but expects swift, extensive action
The Eurogroup agreed on the terms of Greece’s third bailout on Friday, paving the way for Athens to receive its first tranche from a package of up to 86 billion euros in new loans next week.
Early gains in Greek stocks cancelled out in second half of week
After a rebound in the first two trading sessions of the week the Greek stock market headed south in the next three days, ending with marginal losses of 0.4 percent.