Economy
Eurogroup sheds little light on how Greek review will progress
Thursday’s Eurogroup yielded little in way of tangible results for the Greek programme, apart from a clear insistence on the side of the European lenders that the International Monetary Fund should remain fully involved in the bailout.
Greek households saw net financial wealth plummet by 37.5 pct during crisis
Τhe impact on Greek households’ financial wealth and liabilities during the crisis years is examined in a study included in the latest statistical bulletin published by Bank of Greece on Wednesday.
Disposable income drops by 2.3 pct in Q3 on sharp rise in taxes
Greek household disposable income fell for the eighth successive quarter in the third quarter (Q3) of 2016, when it decreased by 2.3 percent compared to a slight drop of 0.3 percent recorded in Q2, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday.
Overdue contributions rise at accelerating pace of 615 mln in Q4, stock climbs to 17.54 bln
The increase in unpaid social security contributions (SSCs) accelerated quarter on quarter (QoQ) to 615 million euros in the fourth quarter (Q4) of 2016, from 310 million in the previous quarter.
Tax revenue overperformance leads budget primary surplus to 4.44 bln in 2016
Greece’s budget primary surplus almost doubled to 4.44 billion euros in 2016 from 2.27 billion in 2015, the Finance Ministry (MoF) final budget execution bulletin showed on Tuesday.
ESM and EFSF approve short-term debt relief measures for Greece
The short-term debt relief measures for Greece were approved by the board of directors (BoD) of the European Stability Mechanism (ESM) and the European Financial Stability Fund (EFSF) on Monday.
Travel receipts drop 13.8 pct in Nov, 11-month figure down 6.6 pct
Greece's travel receipts fell by 13.8 percent in November, after rebounding in the previous two months, Bank of Greece (BoG) figures displayed on Monday.
Eurosystem funding falls by 1.9 bln in Dec, down by 60 bln since July 2015
Greek banks’ Eurosystem funding dropped by 1.87 billion euros in December, at a slower pace compared to the decline of 3.3 billion in the previous month, Bank of Greece's (BoG) annual balance sheet revealed on Friday.
Decisive week for Greek programme begins with proposal from Athens
A crucial week for the future of the Greek programme is due to unfold over the next few days as Athens hopes to get the review process moving again based on a proposal to extend the fiscal mechanism.
S&P affirms Greece’s rating, outlook remains stable
S&P affirmed Greece’s ‘B-/B’ ratings in its scheduled rating review on Friday. The outlook remained stable, reflecting the rating agency’s view that the risks to its ratings are balanced over the next twelve months.