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Newsletter 18 - 06/03/2015
, more than 700 million (corresponding to at least half of the issue) was covered from the accounts of general government entities held More than 700 million of the T-Bill issue was covered from... allowing the government to utilise cash reserves of more than 300 million from two general government
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomyThe general government (gg) primary cash balance showed the surplus shrinking by more than two... million, making up more than 20 percent of outstanding arrears. Social security funds followed suit with their arrears up by 71 million MoM to 1.89 billion accounting for slightly less than half
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What higher ECB haircuts on collateral could mean for Greek banks' liquidity
Economypercent for loans (less than 60 days past due) and GGBs. The bulk of collateral is in the form of pillar... banks have so far used pillar II bonds with a nominal value of more than 45 billion euros, while... 80 billion. This means that Greek banks may raise additional liquidity of less than 20 billion
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This is how Greece kept its budget on track in Q1
Agoraexpenditure, which was just 53 million better than target in January, displayed a strong outperformance... 240 and 845 million euros. This means that the collected revenues in each month are more than... significant revenue collection, with VAT revenues coming in 30 percent lower than those collected
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What next for Greece's revenues and spending?
Agoraand the absence of ANFA income, the actual figure for June may miss the target by more than 400 million... budget projected much higher revenues of 6.43 billion euros. This is due to the inclusion of more than... (with incremental revenues of more than 800 million compared to the regular monthly figure
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General gov't cash primary surplus to May halves, arrears keep rising
EconomyMacroeconomyThe general government (gg) primary cash surplus more than halved to 557 million in the 5-month... period last year. Although narrowing by more than 37 percent, local government’s also displayed... more than offsetting a reduction in expenditure by 6.3 percent to 13.9 billion. Arrears Arrears
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Primary surplus 3.1 bln above target in H1 on severe underspend
EconomyMacroeconomyInvestment Budget (PIB) balance (by 1.81 billion) more than offsetting a revenue gap of 1.67 billion... expenditure was surprisingly 961 million better than target and PIB balance 700 million above target leading... than target. In the absence of SMPA and ANFA income in May and June, the respective 6-month figure
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Report sees fall in salary earners, big rise in part-time work during crisis
Economy, the number of salary-earners in the private sector fell by more than 300,000 in the 2010-14 period compared... a rise in part-time employees with flexible employment making up more than half of total new hirings from... to the total jumped from 28 percent in 2009 to more than 44 percent in 2014. The net balance of hirings minus
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Newsletter 44 - 25/09/2015
of the third memorandum of understanding (MoU) in mid-August. Since then, the better than expected GDP growth for the second quarter and the stronger than anticipated tourism numbers have raised hopes... statement, “no later than 15 November”. Since capital needs are due to be disclosed in the second half
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Seven in ten Greeks overweight, extensive new study indicates
Societypercent in Attica. Moreover, it established that Cretans walk up to an hour less than the city dwellers of Attica. The study, which is based on interviews with more than 4,000 people across the country..., with the percentage reaching over 50 percent for the over 65s. While more men than women tend to be more
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