The Eurogroup decided on Monday that it would be "favourably disposed" to a request by Greece for a technical extension of 2 months to the current bailout programme.
Following a downward trend in the preceding three months, Greece’s exports rebounded by 7 percent in October, according to the flash estimate of commercial transactions released by Hellenic Statistical Authority (ELSTAT) on Monday.
The Turnover Index in Accommodation and Food Services grew by 7.6 percent in the third quarter (Q3) of 2014, following a rise of 6.7 percent in Q2, according to the Hellenic Statistical Authority (ELSTAT).
The Greek general government (gg) primary cash surplus climbed to 3.46 billion euros in the 10-month period of 2014, 2.4 times higher than the 1.43 billion posted last year, according the gg bulletin published by the Ministry of Finance (MoF) on Thursday.
The interest rate on households’ new time deposits was further reduced by 14 basis points (bps) to 1.94 percent in October, according to the Bank of Greece (BoG). This was the first reading below the 2-percent mark since Greece’s accession in the eurozone in 2002.
The troika sent early on Wednesday a response to the measures proposed by Greece with the aim of securing the return of inspectors to Athens and a conclusion to the prolonged programme review.
Building on the basic points leaked on Monday, Kathimerini daily unveiled on Tuesday the measures included in a 43-page document sent by the Greek authorities to the troika with the aim of breaking the deadlock over the current review.
In an effort to reach a compromise with the troika, Greek authorities have a range of proposals mainly aimed bridging the anticipated fiscal gap of about 2.5 billion euros for 2015.
Greece’s Manufacturing PMI improved for the second straight month in November, rising by 0.3 points to 49.1 from 48.8 in October, according to Markit.
Following a rise in the preceding seven months, Greek private sector deposits fell by 0.2 percent month on month (MoM) in October. Balances reached 164.5 billion euros, according to the Bank of Greece (BoG).