Eurobank, Greece’s fourth largest lender, is preparing to carry out before the end of this month a share capital increase that will ensure its capital adequacy but which has many opponents due to the controversial nature of the method that has been chosen.
Greek banks’ Eurosystem funding dropped in March at the fastest pace since May 2013. It fell by 7.3 billion in what was the third successive month that funding declined, according to the Bank of Greece's (BoG) monthly financial statement.
Greece’s budget execution showed a primary surplus of 1.57 billion euros in the first quarter of 2014, three times higher than the 520 million recorded in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF).
As part of the Excessive Deficit Procedure (EDP), the Hellenic Statistical Authority (ELSTAT) published on Monday its first notification in 2014 concerning fiscal data for 2010-13.
Greece made what many commentators regarded as a spectacular comeback to international bond markets this week after four years in “exile,” as Prime Minister Antonis Samaras described it.
Greek building activity (as measured by the number of building permits) continued heading south in January retreating by 35.3 percent, following a 29.6 percent drop in December, according to the Hellenic Statistical Authority (ELSTAT).
After just over four years of being shut out of international markets, Greece officially confirmed its return on Thursday with the sale of a five-year bond.
The seasonally adjusted jobless rate slipped for the fourth straight month to 26.7 percent in January from a downwards revised 27.2 percent the previous month, according to the Hellenic Statistical Agency (ELSTAT).
Greece remained in deflation for the thirteenth consecutive month in March. The Consumer Price Index (CPI) eased 1.3 percent at a slightly accelerating pace compared to the 1.1 percent posted in February, according to the Hellenic Statistical Authority (ELSTAT).
In its updated Fiscal Monitor report published on Wednesday, the International Monetary Fund confirms Greece achieved a general government (gg) primary surplus of 1.5 percent of GDP in 2013.