Economy
Greek trade deficit widens by 26.9 pct in December
After receding in the previous two months, Greece’s trade deficit rose by 26.9 percent in December, according to the Hellenic Statistical Authority (ELSTAT).
Growth in new car registrations slows to 12.8 pct in Jan
After reaching a historic high of 69.3 percent in December, the growth rate in the number of road motor vehicles (going into circulation for the first time) slowed to 12.8 percent in January, according to the Hellenic Statistical Authority (ELSTAT).
S&P acts in wake of ECB decision and downgrades Greek rating to B-
S&P lowered on Friday evening its long-term rating on Greece by one notch to ‘B-‘ from ‘B’, while it maintained the CreditWatch negative, which was placed on January 28.
Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
The Greek general government (gg) primary cash balance showed a surplus of 2.18 billion euros in 2014 from deficit of 884 million in 2013, according to the gg bulletin published by the Ministry of Finance (MoF) on Friday.
Greek apartment prices down 5.8 pct in Q4 2014
The drop in apartment prices in Greece decelerated for the sixth successive quarter to 5.8 percent in Q4 2014 from 7 percent in Q3, according to the Bank of Greece (BoG).
What are the implications of the ECB's decision for Greek banks?
The European Bank took a surprising decision on Wednesday night to lift the waiver on the use of Greek government bonds as collateral by local banks. Below we examine where this decision leaves Greek lenders.
Commission sees political uncertainty hurting recovery, growth reaching 2.5 pct in 2015
In its winter economic forecasts the European Commission (EC) underscores that political uncertainty is affecting confidence and may dent the speed of recovery in Greece.
ECB refuses Greek government bonds as collateral: What does it mean?
In an unexpected move, the European Central Bank announced on Wednesday night that it is lifting the waiver on Greek banks using junk-rated government bonds as collateral for funding.
Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership
The interest rate on households’ new time deposits continued heading south for the ninth straight month in December, when it fell by 6 basis points (bps) to 1.82 percent, according to the Bank of Greece (BoG).
The state of play with Greek banks' liquidity
The ECB is expected to decide on Wednesday, February 4, on the extension for another 2 weeks of Greek banks’ access to Emergency Liquidity Assistance (ELA) funding.