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Greece braces for price shockwaves from Iran amid weakening purchasing power
EconomyMacroeconomyto €1,196 per month. The respective net amounts are €772 and €959 for those with nine years of tenure... million. The net monthly increase after taxes and contributions comes to just €28, paid over 14 months in the private sector, or €392 per year, which represents a net gain of roughly 42 percent
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Greek C/A deficit to July narrowed to just 156 mln with boost from tourism
EconomyMacroeconomyin the net oil import bill, a further rise in the services surplus by 10.3 percent to 8.3 billion... as well as higher general government net transfer receipts from the EU. The largely expected strong
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Trade deficit to July eased by 17.4 pct to 11.2 billion euros
EconomyMacroeconomyin the trade deficit by 23.6 percent to 9.8 billion, mainly due to a decline in the net oil import... as higher general government net transfer receipts from the EU.
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Marginal deposits outflow of 212 million euros in August
EconomyMacroeconomyGreek private sector deposits marginally eased 0.11 percent month on month (mom) in August with balances reaching 162.21 billion euros. Net flow remained slightly negative for the third consecutive... net deductions at 705 million more than offsetting savings inflows of 394 million. It is worth
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What is the state of play with Greek banks?
Economyof the crisis. Last year started with the implementation of PSI, which resulted in a 24.1-billion-euro net... on net interest income in the next quarters. Cost cutting is the second positive factor on the pre
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Deposits down for fourth month in a row as tax obligations rise
EconomyMacroeconomyGreek private sector deposits marginally slipped 0.53 percent month on month (mom) in September with balances reaching 161.35 billion euros. Net flow remained in negative territory for the fourth.... The monthly flow reflects time and savings net deductions at 940 million and 268 million respectively
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Banks' reliance on Eurosystem funding eases for seventh straight month in Nov
EconomyMacroeconomyECB funding cost and had burdened Greek banks’ net interest income (NII) in the second half of 2012..., which somewhat distort the previous ratios, their net Eurosystem exposure currently stands at 12
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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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