Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
Despite PMI rise of 0.9 pts in Sept, manufacturing stays in contraction for third month
Unemployment stable at 12.2 pct in August despite strong tourism season
Producer prices up by 39.5 pct in Aug, reversing trend of monthly drops
Retail sales grow by 11.9 in Jul, but volume data continues to tell different story
Economic sentiment recovers 3.4 pts in Sept, buoyed by rise in services
Greek banks' reliance on Eurosystem funding rose in December for first time since April
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, rose by 2.92 billion euros in December, according to the BoG’s 2013 annual accounts.
The hike in December - for the first time since April 2013 - reflects a marginal increase in ELA funding by 0.37 billion euros to 9.79 billion and a rise in ECB funding by 2.55 billion to 63.23 billion. The latter most likely reflects replacement of an ...
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