Economy
Credit standards and demand for Greek loans remain stable in Q3
As previously estimated, credit standards for Greek corporate and household loans remained broadly unchanged quarter on quarter (QoQ) in the third quarter (Q3) of 2016, Bank of Greece (BoG) bank lending survey (BLS) showed on Tuesday.
Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
Speaking at the congress of the Association of Greek Tourism Enterprises (SETE) on Monday, the Bank of Greece (BoG) governor Yannis Stournaras repeated his belief that the domestic economic will start recovering in the second half of this year.
Greece gears up for second review, faces wide-ranging reform to-do list
The government is expected to start negotiations with the institutions on the second programme review early this week.
Moody’s affirms Greece’s rating at Caa3 with stable outlook
In its scheduled rating review, Moody’s affirmed Greece’s rating at ‘Caa3’ with a stable outlook.
Greek stocks on the rise again, end week 2.1 pct up
The Greek equity market headed north for the second straight week, rising by 2.1 percent, while banks continued to perform well.
Budget primary surplus to Sept reaches 5.45 bln on strong revenue performance
Greece’s budget primary surplus soared 77.5 percent to 5.45 billion euros in the 9-month period of 2016 from 2.27 billion last year, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Friday.
Arrears payments of 915 mln in Aug bring total to 1.4 bln over two months
The government accelerated its efforts to clear arrears in August, when the figure more than doubled to 915 million euros from 440 million in July, according to the Finance Ministry (MoF) bulletin published on Friday.
ELSTAT revises nominal 2015 GDP contraction to 1.3 pct
In its second estimate of the annual national accounts for 2015, the Hellenic Statistical Authority (ELSTAT) revised downward the drop in nominal GDP to 1.3 percent from the 0.9 percent initially announced on March 4.
September drop of 3.1 bln is 15th straight month of decline in Eurosystem funding
Greek banks’ Eurosystem funding fell by another 3.15 billion euros in September after a drop of 4.39 billion in August, Bank of Greece's (BoG) monthly financial statement showed on Thursday.
Countdown to start of second review begins, focus on more reforms
Following the political decision taken at Monday’s Eurogroup regarding the completion of the first review milestones and the disbursement of the sub-tranches, the focus is now shifting towards the second programme review.