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BoG outlines factors hampering affordability in Greek housing market
EconomyMacroeconomyfor apartments older than five years growing by 8.1%, while those for newer units (up to five years..., with more than 207,000 properties registered for short‑term leasing in 2024. Fragmented ownership... that are entangled in foreclosure or other compulsory execution proceedings. The uncertainty
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Government embraces debtor compensation ruling as ELAS unveils frontline team
PoliticsGreek Politicsthan the outstanding capital as has been the case - reducing monthly payments, lowering the overall... adoption. The ruling affects more than 100,000 borrowers awaiting definitive resolution of their cases... proceedings — while government spokesman Pavlos Marinakis and senior ministers offered measured support
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Deposit outflow slows to 2.19 bln in Mar as balances slip to lowest in 10 yrs
EconomyMacroeconomybanks noted that more than two-thirds of those outflows stemmed from households and one-fourth from... that they have used more than 5 billion so far in April to counterbalance a similar amount of withdrawals..., according to the Bank of Greece (BoG). Deposit balances slipped to 138.56 billion, which
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Newsletter 45 - 02/10/2015
than 15 November”. Although current estimates point to a lower level of official sector participation than the already disbursed first bank-related tranche of 10 billion, it is clear... who can strike a balance between the various factions within the party. His moderate approach means
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Credit contraction stays at 1.4 pct in November, loans to enterprises turn positive
EconomyMacroeconomy, Bank of Greece (BoG) figures showed on Thursday. As a result, the outstanding balance decreased... million from a negative balance of -974 million euros. The corporate lending balance was also positive and came to 269 million euros from a negative balance of -562 million euros in October
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November current account deficit at 1.41 bln as import value outstrips exports
EconomyMacroeconomyGreece’s current account (C/A) balance recorded a deficit 1.41 billion euros in November compared... by a deterioration in the balance of goods along with a worsening in both the primary and secondary income accounts. The deficit of the balance of goods worsened by 235.9 million, growing by 16.2 percent YoY
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The euro debate Greece is not having
Agorasuch a sacrifice. There is no gain without pain, goes the argument. However, more than three years... a staggering deficit of close to 35 billion euros in 2008, is nearing balance. But the majority... the trade balance. You also implement cuts in costs which are variable, such as wages, unlike other
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C/A surplus of 0.7 pct of GDP in 2013 is Greece's first for decades
EconomyMacroeconomyof GDP), according to the Bank of Greece (BoG). The C/A deficit in December more than halved to 215... more than offset a rise in the trade deficit by 339 million. The 5.9-billion-euro improvement... decision in November 2012. In addition, the recorded C/A balance improvement stems from: a) A drop
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Greek primary budget surplus doubles to 835 mln in Jan but below target
EconomyBudget (PIB) expenditure and tax refunds which more than offset lower expenditure. Revenues excluding... better than the target. The sharp drop mainly reflects a drop in grants to social security sector... balance showed a deficit 276 million from 11 million last year with a negative impact on this year’s
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Primary surplus at 2.1 bln in Feb, ahead of budget execution target
EconomyMacroeconomyGreece’s budget execution showed a primary surplus of 2.1 billion euros to February, more than five times higher than the 487 million posted in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF) on Tuesday. The state budget balance
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