Economy
Unemployment rate slips to 25.6 pct in April, lowest since July 2012
Following an upward revision of Greece’s seasonally adjusted (SA) unemployment rate to 25.8 percent in March, the jobless rate eased to 25.6 percent in April, according to the Hellenic Statistical Agency (ELSTAT). Along August 2012 reading, the April headline figure indicates the lowest reading since July 2012.
General gov't cash primary surplus to May halves, arrears keep rising
The general government (gg) primary cash surplus more than halved to 557 million in the 5-month period of 2015 from 1.16 billion last year, according the gg bulletin published by the Ministry of Finance (MoF) on Thursday.
Greece seeks 3-year programme that could exceed 65 bln
Greece officially requested on Wednesday a new 3-year programme from the European Stability Mechanism (ESM) and is expected to send to the institutions a detailed reform and measure agenda on Thursday.
Greece sends request for 3-year ESM programme, reform proposals to come
As agreed at Tuesday’s Eurogroup, the new Greek Finance Minister Euclid Tsakalotos sent a letter on Wednesday to the European Stability Mechanism (ESM) officially requesting a new 3-year programme.
Greek trade deficit plunges by 24.2 pct in May
After rising in the preceding two months, Greece’s trade deficit plunged 24.2 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
The European Central Bank decided on Monday to maintain the Emergency Liquidity Assistance (ELA) limit for Greek banks at June 26 levels, when it was raised for the last time. This means that the ELA limit remains at around 89 billion euros.
After 'No' vote, pulling Greek banks back from brink a priority
With a clear win of ‘No’ vote in Greek referendum, the situation for Greek banks is expected to remain on the brink with a negative outlook.
Greek banks' liquidity position at the centre of attention
An extraordinary meeting was held on Friday afternoon to assess the liquidity position of Greek banks after the imposition of capital controls on June 29.
Greek deposit rate almost stable, loan rate slightly up in May
The interest rate on Greek households’ new time deposits marginally slipped for the second straight month by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according to the Bank of Greece (BoG).
IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
The IMF published today the preliminary Debt Sustainability Analysis (DSA) that has not, however, been agreed with the other institutions nor approved by its Executive Board.