Economy
Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010
Greek banks’ Eurosystem funding dropped in March at the fastest pace since May 2013. It fell by 7.3 billion in what was the third successive month that funding declined, according to the Bank of Greece's (BoG) monthly financial statement.
EU subsidies help push Q1 primary budget surplus to 1.57 bln, well above target
Greece’s budget execution showed a primary surplus of 1.57 billion euros in the first quarter of 2014, three times higher than the 520 million recorded in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF).
ELSTAT sees 2013 primary deficit at 8.7 pct of GDP, 40 bln wiped out from economy since 2010
As part of the Excessive Deficit Procedure (EDP), the Hellenic Statistical Authority (ELSTAT) published on Monday its first notification in 2014 concerning fiscal data for 2010-13.
Why did Greece return to bond markets now? Was it the right decision?
Greece made what many commentators regarded as a spectacular comeback to international bond markets this week after four years in “exile,” as Prime Minister Antonis Samaras described it.
Another big drop for building activity, which fell by 35.3 pct in January
Greek building activity (as measured by the number of building permits) continued heading south in January retreating by 35.3 percent, following a 29.6 percent drop in December, according to the Hellenic Statistical Authority (ELSTAT).
![Photo by Can Esenbel [www.mundanepleasure.com]](resources/toolip/img-thumb/2013/10/16/citygrass_agora_esenbel-medium.jpg "Photo by Can Esenbel [www.mundanepleasure.com]")
Greece exceeds expectations with first return to bond markets after four years
After just over four years of being shut out of international markets, Greece officially confirmed its return on Thursday with the sale of a five-year bond.
Greek jobless rate eases for fourth straight month but still at 26.7 pct
The seasonally adjusted jobless rate slipped for the fourth straight month to 26.7 percent in January from a downwards revised 27.2 percent the previous month, according to the Hellenic Statistical Agency (ELSTAT).
Greece enters second year of deflation as CPI falls 1.3 pct in March
Greece remained in deflation for the thirteenth consecutive month in March. The Consumer Price Index (CPI) eased 1.3 percent at a slightly accelerating pace compared to the 1.1 percent posted in February, according to the Hellenic Statistical Authority (ELSTAT).
IMF recognises Greek 2013 surplus, sees less burdensome financing needs
In its updated Fiscal Monitor report published on Wednesday, the International Monetary Fund confirms Greece achieved a general government (gg) primary surplus of 1.5 percent of GDP in 2013.
General gov't cash surplus rises to 3.54 bln at end of Feb, more than double last year
The Greek general government (gg) primary cash surplus in the first two months of 2014 more than doubled to 3.54 billion from 1.45 billion last year, according to the gg bulletin released by the Ministry of Finance on Wednesday.