Economy
Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005
Greek private sector deposits fell for the fourth successive month in January at the accelerating pace of 7.6 percent month on month (MoM), with balances reaching 148.04 billion euros, according to the Bank of Greece (BoG).
Greek credit falls by 2.9 pct in Jan as lending balances reach 214 bln
Greek bank credit contracted by 2.9 percent year on year (YoY) in January, which is slightly slower than the 3.1 percent recorded in December, according to the Bank of Greece (BoG).
Sharp rise for Greek consumer confidence in Feb, economic sentiment also up
After falling in the preceding two months, Greece’s economic sentiment (ESI) rebounded by 2.9 points to 98.2 in February from 95.3 in January, according to the European Commission (EC).
Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct
Greece’s final budget execution data confirmed preliminary figures released on February 12 and showed the primary surplus halved to 443 million euros in January from 835 million last year.
The numbers behind Greece's reform proposals
The reform list sent by Greece to its lenders was approved as a “valid starting point” for the review process despite not containing any numbers. We attempt here to provide a framework for some of the key economic aspects of the document.
Relief at Greek extension approval evident in Athens bourse, bond yields
The Athens Stock Exchange rebounded strongly on Tuesday after the Greek government sent its reform list to the Eurogroup, which later approved the extension of the country's loan agreement.
Travel receipts up by 1 pct in Dec but balance in deficit of 27.9 mln
Greece's travel receipts rose by a mere 1 percent year on year (YoY) in December from 30.7 percent in November, according to the Bank of Greece (BoG).
Greece sets out broad reform plan for lenders' approval
With a letter sent to Eurogroup President Jeroen Dijsselbloem on Monday evening, the Greek government detailed the reforms it aims to start implementing over the next four months.
Finance Ministry outlines plans for making savings, increasing revenues
Friday’s Eurogroup agreement has increased the pressure on the government to make savings and increase its revenues.
Greece and eurozone reach tentative deal, much undecided
The Eurogroup initially approved the extension of Greece's current Master Financial Assistance Facility Agreement (MFAFA) for up to four months (end of June), which is two months short of what Athens requested on Thursday.