Economy
Greece, lenders reach deal to secure bailout sub-tranche and bank recap funds
After discussions with Greece’s lenders throughout the day on Monday, Finance Minister Euclid Tsakalotos told reporters after midnight that the government had reached an agreement with the quadriga mission chiefs on all issues related to the prior actions for the disbursement of the next sub-tranche of 2 billion euros.
Eurosystem funding down by 2 bln in Oct for fourth straight fall
Greek banks’ Eurosystem funding continued heading south for the fourth straight month in October, when it eased by 2.01 billion euros from a 2.67 billion drop in September, the Bank of Greece's (BoG) monthly financial statement showed on Monday.
Primary cash surplus widens by 1.8 bln to 4.84 bln by end of Oct
Greece’s central government primary cash surplus widened by 61.3 percent to 4.84 billion euros in the 10-month period of 2015 from 3 billion last year, according to Monday’s Bank of Greece (BoG) data.
Progress in bailout talks but foreclosures and NPL management stand in way of agreement
After lengthy discussions over the weekend, the key issues remaining unresolved in the negotiations of Greek authorities with the quadriga mission chiefs are foreclosures and management of bad loans (NPLs).
Fitch affirms Greece’s rating, projects GDP to contract 0.3 pct in 2015
Fitch affirmed on Friday evening Greece’s rating at ‘CCC’, where it had been upgraded by one notch on August 18.
Greek stocks on slide for third straight week
The Greek stock market headed south for the third straight week, shedding 3.7 percent mainly due to a strong underperformance from banks, while volumes were subdued.
Greek economy surprises in Q3, eases by a marginal 0.5 pct
The Greek seasonally adjusted (SA) GDP at constant prices fell quarter on quarter (QoQ) by 0.5 percent in Q3 2015 following a downward revised 0.4 percent growth posted in Q2, the Hellenic Statistical Authority (ELSTAT) flash estimates displayed on Friday.
Marked improvement for budget execution in Oct, primary surplus outperformance extended
Following a deteriorated fiscal performance in September, Greece’s budget primary balance showed a surplus of 1.45 billion euros in October from deficit of 726 million in September, Finance Ministry (MoF) preliminary budget figures showed on Friday.
Building permits down 11.4 pct in August for second successive drop
Greek building permits dropped for the second successive month, yet at a slower pace by 11.4 percent in August from a 31.6 percent in July, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Unemployment down for second straight month in August, falls to 24.6 pct
Greece’s seasonally adjusted (SA) unemployment rate fell for the second straight month to 24.6 percent in August from a downward revised 24.9 percent in July, the Hellenic Statistical Agency (ELSTAT) labour force survey showed on Thursday.