Economy
Conditions for Greek ECCL reportedly outlined in German document
The German Parliament (Bundestag) is expected to approve on Thursday the extension of the Greek bailout programme by two months, according to press reports.
Bank of Greece sees growth at 0.7 pct in 2014, NPLs up to 34.1 pct
The Bank of Greece (BoG) expects GDP to expand by 0.7 percent in 2014 and further by 2.5 percent in 2015, according to the 2014 Interim Monetary Policy report.
Troika document reveals thorny issues, coalition's commitments to conclude review
Following a meeting with the Prime Minister Antonis Samaras yesterday, the Finance Minister Gikas Hardouvelis outlined to reporters the timeline for the completion of the current long-lasting troika review.
Rare rise of 2.1 pct in Q3 for Greek wages index
The seasonally adjusted Wages Index rebounded 2.1 percent in the third quarter (Q3) of 2014 after falling by 0.8 percent in Q2, according to the Hellenic Statistical Authority (ELSTAT).
Greek primary cash surplus up to 2.61 bln at end of November
Greece’s central government primary cash balance showed a surplus of 2.61 billion euros in the 11-month period from deficit of 4 billion in the same period last year, according to the Bank of Greece (BoG).
Almost all services in Greece saw decline in Q3
The evolution of the turnover indices for the services sector showed a further worsening in the third quarter (Q3) of 2014 with 12 out of the 14 service activities recording a drop, according to the Hellenic Statistical Authority (ELSTAT).
Moody's sees 1.2 pct growth in Greece next year but highlights political risk
Early presidential elections accelerate the risk of early parliamentary elections, which is a credit negative, according to Moody’s latest comment on Greece. Higher risk stems from the high electoral threshold and the coalition government’s presently slim majority in parliament, the ratings agency said.
Greek budget primary surplus up to 3.53 bln at end of November despite revenue shortfall
Greece’s budget execution showed the primary surplus widening by 879 million euros to 3.53 billion in the 11-month period from 2.65 billion in the 10-month, according to the Finance Ministry (MoF) preliminary budget bulletin.
![Photo by Can Esenbel [http://www.mundanepleasure.com/]](resources/toolip/img-thumb/2013/10/16/stocks2_economy_esenbel-medium.jpg "Photo by Can Esenbel [http://www.mundanepleasure.com/]")
Greek stocks plunge again as bond yields climb to new high amid political turmoil
Following a modest drop of 1 percent on Wednesday, the Greek stock market plunged 7.35 percent today amid elevated investor concerns related to developments on the domestic political front.
Building activity down again in September but at slower rate of -11.2 pct
Τhe number of building permits issued in Greece continued to drop in September, albeit at the slower pace of -11.2 percent compared to -19.9 percent in August, according to the Hellenic Statistical Authority (ELSTAT).