Industrial turnover jumps by 52.5 pct in April on base effects
Current account shows deficit of 2.08 bln in April as trade continues overall rebound
Primary cash balance deficit at 8.23 bln in May
PBO ups growth estimate to 3.6-4.8 pct, warns of complacency and inequality risks
Loans under credit servicing firms increase 7.2 pct QoQ to 42.8 bln
Wages index up by 5.8 pct YoY in Q1 2021, rises by 1 pct QoQ
Greek banks less reliant on Eurosystem funding in September
Greek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, dropped by another 1.4 billion euros in September, according to the BoG’s monthly financial statement. Monthly movement reflects a drop in ELA funding by 2.7 billion euros at 8.96 billion and a rise in ECB funding by 1.4 billion at 63.82 billion.
The outstanding balance stood at 72.78 billion euros at the end of September from 74.14 billion at the end of August reaching its lowest level since March 2010. Note that September was the fifth straight month recording a drop in Central Bank funding, w...
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