Economy
BoG sees encouraging signs for Greek economy but warns on reforms
The Bank of Greece (BoG) issued its Monetary Policy 2013-14 report on June 12, which is the last official publication by the current governor George Provopoulos, who will be succeeded by the former Finance Minister next week.
Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out
Greek banks’ Eurosystem funding fell by 11.3 billion euros in May, the highest monthly drop since January 2013, according to the Bank of Greece's (BoG) monthly financial statement.
Greek Q1 unemployment remains at record quarterly high of 27.8 pct
The non-seasonally-adjusted unemployment rate remained unchanged quarter on quarter in Q1 of this year at 27.8 percent in Q1 but rose slightly from the 27.6 percent posted in Q1 2013, according to the Hellenic Statistical Authority (ELSTAT).
Greek building activity drop decelerates to 16 pct in March
Building permits in Greece continued heading south, although at a decelerating pace, falling by 16 percent in March from 20.7 percent in February, according to the Hellenic Statistical Authority (ELSTAT).
Budget execution shows primary surplus of 711 mln, 503 mln ahead of target
Greece’s budget execution showed a primary surplus of 711 million euros in the 5-month period from a primary deficit of 970 million in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF) on Thursday.
As Bank of Greece lines up Stournaras to take over, it reveals how risky things got during crisis
The Bank of Greece (BoG) published a report on Wednesday titled “The Chronicle of the big Crisis,” outlining the critical actions the BoG took between 2008 and 2013.
IMF report sees a number of risks lying ahead for Greece
The IMF released on Tuesday its drawn-out report on Greece’s fifth review and expressed concern about “adjustment fatigue” and the rising number of non-performing loans, among other things.
Industrial Production Index in negative territory for the year, at -2.2 pct in April
The Greek Industrial Production Index (IPI) fell 2.2 percent in April following a downward revised 2.7 percent drop posted in March, according to the Hellenic Statistical Authority (ELSTAT).
This is the eleventh negative reading over the past 16 months.
Greek May CPI falls 2 pct in one of biggest drops for more than a year
The Hellenic Statistical Authority (ELSTAT) said on Tuesday that the Consumer Price Index (CPI) fell 2 percent in May, which was a faster pace compared to the preceding months.
Are things looking up for Greece's privatisation programme?
In its latest weekly credit outlook published on Monday, Moody’s said that the “Greek privatization program looks to exceed targets by year-end, a credit positive (for the sovereign)”. This is the first positive comment on privatizations by a rating agency after years of setbacks and underperformance.