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Primary cash balance deficit at 13.45 bln in November
EconomyMacroeconomyeuros. The aggregate figure for the first eleven months of the year showed that revenues fell by 7.01
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Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln
EconomyMacroeconomyThe budget primary balance up to September landed at a deficit of 5.96 billion euros, compared with a deficit of 7.01 billion in the same period last year, the preliminary Finance Ministry (MoF) budget execution data showed on Friday. The primary balance was above the target in the 2022-2025 Medium
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Primary cash deficit reduced to 5.72 bln in Sept as revenues climb
EconomyMacroeconomybillion euros in the first nine months of 2021, compared with a deficit of 7.01 billion in the same
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The state of play with Greek banks' liquidity
Economyof Greek banks’ access to Emergency Liquidity Assistance (ELA) funding. The request submitted by the Bank... Governing Council due today. According to ECB rules, approval of ELA is subject to banks’ solvency... for the approval like other ECB funding operations such as TLTROs. However, ELA can be restricted if the ECB
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What are the implications of the ECB's decision for Greek banks?
Economy(BoG) and the Emergency Liquidity Assistance (ELA) mechanism. Reaction in Athens The Greek Finance... capitalized and fully protected via the ELA” The numbers According to the latest official BoG data, Greek... for funding. Bear in mind that the funding cost through the ELA is higher (1.55 percent), 150 basis points
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Athens aiming to step up diplomatic contact with neighbours
PoliticsForeign Policywith which bilateral relations are strained due to unresolved diplomatic issues. Within this context.... Erdogan’s visit to Greece could be seen as the clearest sign of an effort to put bilateral... of bilateral relations, Athens is seeking to re-launch channels of communication with Ankara in order
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Newsletter 82 - 15/07/2016
to reinstate the waiver and reflects a drop in emergency liquidity assistance (ELA) funding by 10.44 billion.... The significant monthly movement stems from a drop in emergency liquidity assistance (ELA) funding... seats at all for the winning party in a general election, applies immediately. If the bill gets a simple
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European Commission's travel guidance brings some optimism for Greek tourism sector
PoliticsGreek Politics. The move allows for bilateral agreements, such as those emerging between Austria and neighbouring... states. Bilateral travel agreements are one of the main planks of Greece’s post-pandemic tourism strategy... and protective measures. While the guidance issued was non-binding, it sets the baseline for member-states
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Greece and Turkey go into new round of exploratory talks with trust at a premium
PoliticsForeign PolicyAfter months of bilateral tension over maritime borders and gas exploration rights, Turkish... opposition But this determination of Prime Minister Mitsotakis to resort to The Hague if bilateral..., and these talks are not binding for either side. He also said that there are no common records of these meetings
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Athens takes plunge on gas exploration, sees hope in Israel-Lebanon deal
PoliticsForeign Policy, to negotiate with Turkey the only bilateral difference [between the two countries], always according... historic ties with Greece and improving bilateral relations. Referring to the trilateral meetings... no right to sign any binding agreement. According to Kathimerini’s story on Sunday, Mitsotakis
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