Economy
Greek current account balance turns negative in October after four month of surpluses
After posting a surplus in the preceding four months, Greece's current account (C/A) balance turned negative in October with a deficit of 199 million euros, according to the Bank of Greece (BoG).
Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
In an unusual move by the standards of the Greek banking sector, Piraeus Bank has announced an agreement with leading global investment firm KKR for the transfer and securitisation of 1.2 billion of non-core assets to a new structure managed and controlled by KKR Credit and serviced by Piraeus.
Q3 unemployment falls to 25.5 pct, lowest since 2012, but long-term jobless reach new high
The non-seasonally-adjusted unemployment rate eased again in the third quarter (Q3) of 2014, falling to 25.5 from 26.6 percent in Q2 and 27.2 percent in Q3 2013, according to the Hellenic Statistical Authority (ELSTAT).
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.