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  1. Greek primary budget surplus eases to 1.95 bln on back of lower revenues in Aug
    Photo by MacroPolis

    Economy

    than target). Revenues and the Public Investment Budget (PIB) balance fell short of their targets... to a primary surplus of 1.57 billion in July. The weaker primary budget balance in August is attributed... surplus remains above target by 989 million euros, while the budget deficit is 1.27 billion better than

    9%
  2. Greek debt: A case of learned helplessness?
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    June stood at 322.4 billion euros - almost 23 billion euros higher than in 2009 – or over 170... damage of the austerity imposed on Greece was the destruction of Greek banks’ balance sheets, with 22... sector, Greek banks still face uncertainty. Their balance sheets were not done any favours

    9%
  3. Primary surplus narrows to 2.4 bln in October as revenues miss target

    Economy

    remains 356 million better than target. The overperformance is mainly attributed to lower primary expenditure (by 1.46 billion) and interest payments (by 400 million) more than offsetting the revenue shortfall as well as lower Public Investment Budget (PIB) balance (by 708 million). The comparison

    9%
  4. 2014 is not 2012
    Photo by MacroPolis

    Agora

    powerful and convincing than the fearsome IMF. As Greece's latest review drags on after a series... eurosystem funding is 12.1 percent of the combined 346.4-billion-euro balance sheets of the four... was to bring eurosystem dependency below 15 percent of the combined balance sheets in 2017, a target

    9%
  5. Greek primary cash surplus up to 2.61 bln at end of November

    EconomyMacroeconomy

    Greece’s central government primary cash balance showed a surplus of 2.61 billion euros... (BoG). This corresponds to a fiscal adjustment of more than 6.6 billion euros year on year (YoY). In November, the primary cash deficit reached 274 million euros, some 500 million lower than last year

    9%
  6. Sharp drop in gg primary surplus by end-April, arrears keep rising
    Photo by MacroPolis

    EconomyMacroeconomy

    million more than offset by a decline in EFSF/ESM/IMF loan balance by 560 million, fully attributed...The general government (gg) primary cash surplus narrowed by more than 59 percent to 651 million... of 438 million last year, which implies a negative fiscal balance of 1.18 billion year on year (YoY

    9%
  7. Budget revenues rebound in August but shortfall remains at 4.2 bln

    EconomyMacroeconomy

    ) as well as higher Public Investment Budget (PIB) balance (by 1.44 billion) more than offsetting... months (February, March and June), when expenses were 2.1 billion lower than target... better than target, also supported by shrinking military procurement at just 84 million, way below

    9%
  8. NPL resolution in Italy and Greece
    Photo via Flickr https://flic.kr/p/4eCP6Y

    Agora

    . Moreover, their high NPL levels on bank balance sheets have impaired the asset quality of domestic... underscored by the reality that more than 200 billion euros of these NPLs are termed sofferenze in Italian... the minister who drafted it, Louka Katseli – overburdened the courts. There are currently more than

    9%
  9. Deposit inflows of 1.07 bln in June, highest in first half of 2016

    EconomyMacroeconomy

    . As a result, the deposit balance rose to 122.74 billion in June, its highest reading in the course... of 761 million euros more than double those of households (368 million). Despite the turnaround in June, the year to date balance still points to outflows of 423 million mainly reflecting withdrawals

    9%
  10. Newsletter 89 - 23/09/2016

    Newsletters

    to outbid established TV channels and businessmen by offering more than 50 million euros for a permit... that Christos Kalogritsas has been granted more than 120 million euros in loans by Attica Bank, around half...-month figure rising by 3.5 percent to 25.58 billion. The employment balance turned negative in August

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