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Cash deficit to November rises to 9.9 bln as Greece pays off arrears
EconomyMacroeconomyThe central government net balance to November on a cash basis showed the deficit widening by 30 percent to 9.96 billion euros from 7.67 billion last year, according to the Bank of Greece (BoG... it refers to past years’ fiscal performance. Incorporating the aforementioned adjustments, the BoG net
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October C/A deficit drops to 351 mln, down 39.1 pct over year
EconomyMacroeconomy) drop mainly reflects an increase in the services surplus by 167 million euros, owing to higher net... general government net transfer receipts from the EU, also including the SMP income of 1.5 billion
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Greece records primary cash deficit in 2013
EconomyMacroeconomyGreece’s 2013 central government net balance on a cash basis showed the deficit widening by 19.6 percent to 12.79 billion euros from 10.7 billion last year, according to the Bank of Greece (BoG.... Incorporating these adjustments, we conclude that the BoG net balance stands at about 750 million
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Greek banks' reliance on Eurosystem funding rose in December for first time since April
EconomyMacroeconomybasis points over the respective ECB funding cost and had burdened Greek banks’ net interest income... their recapitalisation process last June, which somewhat distort the previous ratios, their net Eurosystem
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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomyand net revenues which more than offset lower expenditure. Revenues excluding tax refunds rose 6.1... sevenfold to 294 million from just 43 million last year, 195 million above target. As a result, net
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Eurosystem funding for Greek banks eases by 2.18 bln in January
EconomyMacroeconomythe respective ECB funding cost and had burdened Greek banks’ net interest income (NII) in the second half... bonds that banks had received during their recapitalisation process last June, their net Eurosystem
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21,717,120,000
Agorato acknowledge that on a net basis the German treasury has seen benefits during the crisis. Germany’s... from the euro mess. Four years on, its treasury is actually better off and has been a net
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Primary budget surplus passes 1-bln mark for 2014 but revenue shortfall widening
Economy(390 million), which more than offset lower net revenues (1.05 billion). The monthly performance... of lower revenues and higher tax refunds led 4-month net revenues down 1.3 percent to 13.84 billion
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Piraeus snaps up share in MIG to complete series of corporate moves
EconomyBankingof 1.19 billion euros, EBITDA turned positive at 8.6 million, while net loss narrowed to 234.5... at 209 million. Net Asset Value (NAV) stood at 967 million corresponding to 1.26 euros per share
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Greek central government debt inches down to 320.42 bln in Q1
Economya net increase in repo loans by 2.07 billion. The latter appears in the debt structure for the first... billion by the end of Q1 2014, the IMF net financing has been reduced accordingly to 25.4 billion
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