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  1. Greece and the euro: The flight of Icarus

    Agora

    tripled. From 1984 onwards, Greece enjoyed almost uninterrupted positive growth rates each year. Europe... has gone down in history as a “golden year” for Greece. Its soccer team beat the odds to win... and admitting that the deficit for that year would come to more than 12 percent, rather then the 6

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  2. Greece on way to 2013 primary surplus as budget outperformed targets by 3.85bn euros to August

    Economy

    for the second consecutive month in August with the year to date shortfall further narrowing to 1.05... dropped 16.1 percent year on year (yoy) to 4.3 billion euros in August, stabilising above the 4-billion... compared to last year (mainly reflecting last year’s PSI), resulted in a higher cut of total

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  3. Revenues beat target for third straight month, put primary surplus in sight

    Economy

    for the third straight month in September with the year to date shortfall further narrowing to 710...). Revenues excluding tax refunds rose 12.6 percent year on year (yoy) to 4.1 billion euros in September... drop of interest payments by 50.3 percent compared to last year (mainly reflecting last year’s PSI

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  4. Greek GDP shrinks 3 pct in Q3, on course to contract by 4 pct in 2013
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    in the first nine months of the year. Greece has experienced negative growth since the third quarter of 2008 but the contraction has been slowing for the last year. This year's Q3 was the fourth consecutive quarter that the rate of contraction slowed year-on-year. Hit by continued austerity measures

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  5. Primary budget surplus in Nov at 1.2bln euros, 2013 target in reach

    Economy

    of 1.42 billion last year, according to the preliminary data released by the Ministry of Finance... in the corresponding period last year. However, these figures exclude the SMP and ANFA income of 1.5... above the previous figures. Compared to the new upward revised targets, the previous year to date

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  6. Budget execution shows surplus of 811 mln at start of 2014

    EconomyMacroeconomy

    compared to the 415 million posted in the corresponding period last year, according to the preliminary... 177 million last year. Despite the strong fiscal performance, both figures fell short of monthly... sevenfold to 294 million from just 43 million last year, 195 million above target. As a result, net

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  7. Greek primary budget surplus doubles to 835 mln in Jan but below target

    Economy

    was almost double compared to the 415 million posted in the corresponding period last year, according... to 619 million from 177 million last year. Despite the strong fiscal performance, both figures fell... (up 2.6 percent). It is worth noting that January revenues are not fully comparable to last year’s

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  8. Primary surplus at 2.1 bln in Feb, ahead of budget execution target
    Photo by MacroPolis

    EconomyMacroeconomy

    times higher than the 487 million posted in the corresponding period last year, according... for the first two months of the year is also positive, recording a surplus of 495 million from deficit of 788 million last year. Both figures are 1 billion above targets for the first two months of the year

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  9. Lower expenditure helps Greece post 707 mln primary budget surplus in first half of 2014
    Photo by MacroPolis

    Economy

    of the year from a primary deficit of 1.51 billion in the corresponding period last year, according... figures for the first half of the year showed that the primary balance beat the target by 1.34... that unpaid taxes grew by 1.03 billion euros in June to 6.23 billion in the first half of the year

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  10. Tourist arrivals in June increase 13.7 pct, bringing significant rise in receipts
    Photo by MacroPolis

    EconomyMacroeconomy

    , travel receipts in June reached 1.99 billion euros from 1.71 billion last year. Travel payments... to 1.78 billion from 1.53 billion last year. The rebound in travel receipts reflects a 13.7 percent... trip. Arrivals reached 2.7 million in June from 2.37 million last year. The highest rise in arrivals

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