Economy
Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports
Greek seasonally adjusted (SA) GDP at constant prices rose quarter on quarter (QoQ) by 0.9 percent in Q2 2015 following an upward revised 0.1 percent growth recorded in Q1, according to the provisional data published by the Hellenic Statistical Authority (ELSTAT) on Friday.
July credit contraction at 1.5 pct, slowest since Aug 2011
Greek bank credit contracted at a decelerating pace for the fourth straight month in July, when it decreased by 1.5 percent from 1.7 percent in June, according to the Bank of Greece (BoG).
Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
Greek private sector deposit fell eased to 1.51 billion euros in July from 7.58 billion in June, according to the Bank of Greece (BoG).
The targets and deadlines in Greece's privatisation programme
The third Memorandum of Understanding (MoU) attached to the third Greek bailout programme signed on August 19 envisages an ambitious privatiaation programme with total proceeds estimated at 6.4 billion euros by 2017.
Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
Greece’s budget primary surplus reached 3.71 billion euros in the 7-month period of 2015 showing an improvement by around 1.83 billion month on month (MoM), according to the final budget bulletin published by the Finance Ministry (MoF) on Wednesday.
Rebound of 9.38 pct on Tuesday almost erases Monday's Greek stock losses
Greek shares strongly rebounded by 9.38 percent on Tuesday erasing the bulk of the huge losses of 10.54 percent recorded on Monday. However, the trading activity remained subdued.
A breakdown of Greece’s revised financing needs as part of its new ESM programme
The European Commission (EC) recently published its updated assessment of Greece’s financing needs, which now stand at 85.5 billion for the 3-year period ending on August 2018, 3.8 billion above those presented in the eligibility report released on July 10.
![Photo by Can Esenbel [http://www.mundanepleasure.com/]](resources/toolip/img-thumb/2013/10/16/stocks2_economy_esenbel-medium.jpg "Photo by Can Esenbel [http://www.mundanepleasure.com/]")
Athens bourse dives 10.54 pct on Monday, falling to lowest since June 2012
The Greek stock market tumbled 10.54 percent on Monday amid the prevailing uncertainty surrounding the pre-election period in Greece.
Wages index falls 1.8 pct QoQ in Q1 2015 for the second successive quarter
The seasonally adjusted Wages Index grew for the third successive quarter in Q1 but it was only a marginal rise of 0.3 percent year on year (YoY) from a 2.2 percent increase in Q4 2014, according to the Hellenic Statistical Authority (ELSTAT).
European Commission evaluates impact of bailout programme
A document recently published by the European Commission (EC) last week outlines the context and rationale of the reform and adjustment process as well as an analysis of the expected impact of the main measures included in the third bailout programme.