Economy
Greek stock market unmoved by election result, edges down 3.2 pct over week
The Greek stock market shed 3.2 percent this week in the aftermath of Sunday’s snap elections and formation of a new coalition government.
Greece sees deposit inflows, of 449 mln, in August for first time since Sept 2014
Greek private sector deposit flow displayed inflows of 449 million euros in August from outflows of 1.51 billion in July, Bank of Greece (BoG) data showed on Friday.
Bank credit eases 1.6 pct in August on slightly accelerating negative flow
Following a deceleration in the preceding four months, Greek bank credit contraction resumed a slightly accelerating trend at 1.6 percent in August from 1.5 percent in July, Bank of Greece (BoG) figures showed on Friday.
Signifcant underspend covers revenue shortfall for budget primary surplus to August
Greece’s budget primary surplus significantly improved to 3.8 billion in the 8-month period of 2015 from 1.95 billion last year, the Finance Ministry (MoF) final budget data displayed on Thursday. Today’s figures confirm preliminary the preliminary data released on September 16.
No let up ahead in terms of fiscal demands for new Greek government
Fiscal policy remains at the heart of Greece’s third economic adjustment programme. A series of fiscal measures were approved in the summer but a long list of pending interventions is among the key milestones for the first programme review.
Pension reform to be one of new government's toughest challenges in next weeks
Reform of the Greek pension system will be one of the thorniest issues in the third bailout programme that the new government will have to tackle. It is a key milestone in the coming months.
Travel receipts up by a modest 3.5 pct in July in aftermath of capital controls
Greece's travel receipts grew by 3.5 percent in July from 1.2 percent in June, Bank of Greece (BoG) figures showed on Tuesday.
Cash primary surplus improves by 32.4 pct to 3.07 bln on revenue boost in August
Greece’s central government primary cash surplus grew by 32.4 percent to 3.07 billion euros in the 8-month period of 2015 from 2.32 billion in the corresponding period last year, Bank of Greece (BoG) figures displayed on Monday.
No time for Tsipras to celebrate as long list of tasks means pressure is on from start
The new coalition government to be sworn in on Tuesday after Sunday’s snap elections has a series of challenges ahead of it, most of which stem from the commitments and deliverables outlined in the third bailout programme signed a month ago.
Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports
Greece's current account (C/A) balance had a surplus of 4.25 billion euros in July, which is 3.3 times higher compared to the 1.27 billion posted last year, according to Bank of Greece (BoG) data published on Monday.