Economy
Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment
Greece's seasonally adjusted (SA) GDP at constant prices fell by 0.9 percent quarter on quarter (QoQ) in Q3 2015, at a faster pace compared to the flash estimate of -0.5 percent released two weeks ago, according to Friday's Hellenic Statistical Authority (ELSTAT) provisional data.
Stock market slips 1.4 pct dragged by huge bank losses
The Greek stock market edged lower 1.4 percent this week amid strong under-performance of bank shares, which continued unabated for the fifth successive week.
Economic sentiment stable, consumer confidence down 4.5 pts in November
Greece’s economic sentiment (ESI) remained flat from previous month at 86.5 in November, European Commission (EC) data showed on Friday.
Greece receives list of milestones for next bailout sub-tranche
The Eurogroup Working Group (EWG) reportedly agreed on Thursday evening the second list of milestones Greece has to implement in the next three weeks for the disbursement of the next sub-tranche of 1 billion euros by December 18.
Deposit flow turns negative with outflows of 681 mln in Oct
Greek private sector deposit flow turned negative, with outflows of 681 million euros in October after the upward revised inflows of 561 million recorded in September, Bank of Greece (BoG) data showed on Thursday.
Rate of credit contraction edges up to 1.6 pct in Oct
Greek bank credit contraction accelerated slightly to 1.6 percent in October from 1.5 percent in September, Bank of Greece (BoG) figures showed on Thursday.
Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln
Greece’s budget primary balance displayed a surplus of 1.46 billion euros in October from a deficit of 726 million in September, the Finance Ministry (MoF) final budget figures showed on Wednesday.
Coalition considers options for addressing pension system sustainability
Labour Minister Giorgos Katrougalos outlined to SYRIZA’s political secretariat on Tuesday of the government’s social policy council’s proposal on pension reforms.
Apartment prices fall at an accelerating pace of 6.1 pct in Q3
Greek apartment prices fell by 6.1 percent in the third quarter (Q3) of 2015, at an accelerating pace compared to the downward revised 5 percent drop recorded in Q2, Bank of Greece (BoG) data showed on Wednesday.
Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
The European Stability Mechanism (ESM) BoD approved on Monday afternoon the disbursement of the sub-tranche of 2 billion euros to Greece after the completion of the first set of milestones as well as the financial sector measures.