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Draft budget for 2027 centred on strong surplus, selective support measures
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Industrial production jumps 5.8% YoY in Aug, led by electricity supply
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CPI accelerates to 5% YoY in Sep as energy dominates
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Trade deficit widens by 3.6% YoY in Aug, at 21.18 bln over eight months
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Volatile energy and bond markets tighten pressure on government
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Draft budget for 2027 foresees positive growth and fiscal outlook in uncertain times
Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
Greek banks’ Eurosystem funding fell by another 3.3 billion euros in November, after a broadly similar drop of 3.53 billion in October, Bank of Greece's (BoG) monthly financial statement showed on Tuesday.
Overall, Eurosystem funding has been cut by more than 58 billion in the last seventeen months, also reflecting increased interbank repos and ongoing loan deleveraging.
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