Economy
Retail sales rise in July for second straight month - not seen since 2010
The turnover of Greece’s retail trade index increased for the second straight month by 1.5 percent in July, following a marginal increase of 0.4 percent in June, according to the Hellenic Statistical Agency (ELSTAT).
Here's what's in the 2015 draft budget the Greek government has just unveiled
The Greek Finance Ministry (MoF) submitted the 2015 draft budget on Monday, with the headline figures confirming earlier reports regarding next year's surplus and other fiscal targets.
Primary surplus inches up to 2.9 pct in Greece's 2015 draft budget
Reports in the Greek media on Sunday indicate that the 2015 draft budget to be tabled in Parliament on Monday will forecast a primary surplus of 2.9 percent of GDP.
Greek primary cash surplus more than doubles to 2.45 bln at end of August
The Greek general government (gg) primary cash surplus more than doubled year on year (YoY) reaching 2.45 billion euros in the 8-month period of 2014 from 1.17 billion last year, according the gg bulletin released by the Ministry of Finance (MoF) on Friday.
ECB plans for ABS, covered bonds purchases leaves doubts for Greek banks
The European Central Bank (ECB) President Mario Draghi confirmed in a press conference on Thursday that assset-backed Securities (ABSs) and covered bonds from Greece and Cyprus, which until now have not been eligible as collateral with the Frankfurt-based lender, will now be "subject to specific rules with risk-mitigating measures.”
A snapshot of Greek banks' ABS as ECB readies for next move
The European Central Bank (ECB) announced on September 4 that it will proceed with a large-scale purchase of asset-backed securities (ABS) as well as euro-denominated covered bonds issued by eurozone banks starting from October.
Greece's troika talks begin with apparent deal on 2015 surplus
In contrast to previous first meetings between the Greek authorities and the heads of troika mission, the outcome of Tuesday’s inaugural meeting suggests an initial agreement on the fiscal target for 2015.
Greek time deposit rates fall further in August
The interest rate on households’ new time deposits dropped by a further 15 basis points (bps) to 2.13 percent in August, according to the Bank of Greece (BoG).
Greek PMI drops into contraction territory in September, falling to 48.4 points
Greece’s Manufacturing PMI dropped 1.7 points to 48.4 in September from 50.1 in August, according to Markit.
Troika review begins with fiscal targets and tax breaks in focus
The troika begins its latest review of the Greek program on Tuesday, just six days before the 2015 draft budget is due to be submitted to Parliament. The focus is on what fiscal targets the government will have and what tax breaks it will be able to offer.