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  1. Better income account helps squeeze Greek C/A deficit in January

    EconomyMacroeconomy

    primarily reflects an improvement in the income account by 149 million more than offsetting a widening.... In contrast, the non-oil trade deficit narrowed on higher reduction in the import bill than the drop... surplus fell slightly by 9 million YoY due to a worsening of the other services balance mainly related

    9%

  2. Central gov't cash deficit down to 1.14 bln in March

    EconomyMacroeconomy

    Greece’s central government net balance to March on a cash basis showed a deficit of 1.14 billion...). Despite posting a deficit of 910 million euros in March, the 3-month primary cash balance remained... improves to 932 million. Nevertheless, the latter stands 634 million lower than the 3-month preliminary

    9%

  3. Greek economic sentiment and consumer confidence fall for third month in a row
    Photo by MacroPolis

    EconomyMacroeconomy

    of 104.1 posted in June, Greek ESI has lost almost 5 points. However, the year to date balance remains... to -47.7 in June recording a cumulative drop of 8 points thereafter. Nevertheless, the balance since... gains of more than 30 points, services confidence decreased by 7.5 points to 14.8 in September. Retail

    9%

  4. Central gov't cash surplus rises to €3 bln in October despite drop in revenues

    EconomyMacroeconomy

    Greece’s central government primary cash balance posted a surplus of 3 billion euros... a fiscal consolidation of more than 6.4 billion year on year (YoY). Particularly for October... in the 10-month central government net balance is more pronounced, with the cash deficit shrinking by 75.2

    9%

  5. PM and SYRIZA deaf to calls for compromise over president so far
    Photo by MacroPolis

    PoliticsGreek Politics

    that he was expressing a personal opinion rather than a party position. Another PASOK lawmaker, Nikos... opens a discussion about a compromise deal he will probably have to give more ground than he wants... for compromise will be after snap elections, when the balance of political power will have shifted

    9%

  6. Central gov't cash surplus reaches 1.42 bln in 2014 after 1.19 bln deficit in Dec

    EconomyMacroeconomy

    net balance for 2014 showed the deficit significantly narrowing by more than two thirds to 4.21...Greece’s central government primary cash balance posted a surplus of 1.42 billion in 2014 from... showed revenues fell by more than 17 percent in December. The cash figure for 2014 includes revenues

    9%

  7. IMF sees Greek growth at 2.5 pct in 2015, debt at 172.7 pct of GDP
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    Economy

    . The IMF revised upward its estimates on the overall fiscal balance by more than 1 pp for 2015 and 2016... and lower for 2016 at 25 and 22 percent respectively. The current account (C/A) balance is projected... is higher than the previously anticipated levels. The IMF retains its deflation projection unchanged

    9%

  8. Primary cash surplus reaches 1.05 bln at end of April

    EconomyMacroeconomy

    , the central government net balance displayed a deficit of 1.49 billion in the 4-month period of this year... period is higher by 1.06 billion than the BoG primary cash surplus of 1.05 billion. This largely reflects... million higher than the budget figure of 2.67 billion. On the flipside, the Public Investment Budget

    9%

  9. Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
    Photo by MacroPolis

    EconomyMacroeconomy

    net balance showed a deficit of 1.7 billion year to date. It is worth reminding that BoG’s figures.... The respective drop in budget expenditure was less than half (-3.4 percent). Interest payments grew by 17.2 percent to 3.04 billion, 131 million higher than the respective budget figure of 2.91 billion

    9%

  10. Newsletter 33 - 03/07/2015

    Newsletters

    , the average deposit balance stands at less than 1,500 euros, half of Bank of Greece data shows the value... percent of outflows, with the outstanding balance reaching 45.2 billion at the end of those six... the first instalment of the personal income and property tax (ENFIA). More than 40 percent of tax

    9%