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Slight rise in deposits for March but outflows at 2.2 bln for 2014
EconomyMacroeconomyGreek private sector deposits rose 0.3 percent month on month (MoM) in March, with balances reaching 161.05 billion euros, according to the Bank of Greece (BoG). Net flow turned positive for the first time since December with inflows amounting to 501 mi...
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Primary cash surplus to Oct at 4 bln, including arrears repayment of 2.2 bln
EconomyMacroeconomyGreece’s central government primary cash surplus fell by 875 million eurso to 3.97 billion in the 10-month period of 2016 from 4.84 billion a year ago, Bank of Greece (BoG) figures displayed on Thursday. This year’s figure, though, incorporates arrears’...
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomyGreek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped by another 2.22 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday. In the previous month, it dropped at a slower pace of ...
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Budget execution continues to outperform in June, led by 2.2 bln in excess taxes
EconomyMacroeconomyThe budget primary balance came to a surplus of 2.12 billion euros in June, compared to a deficit of 3.43 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday. In the firs...
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ELSTAT survey finds 2013 household budgets devastated, inequality persists
Societyin the rural than the urban areas. The average monthly expenditure in the urban areas fell 7.1 percent in 2013 and 28.6 percent since 2009. In contrast, the figures for the rural areas posted almost the half... is consistently above that in rural areas, yet the deviation significantly narrowed over the past
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Government on alert again as farming subsidy probe zeroes in on two ex-ministers
PoliticsGreek Politicsthe alleged involvement of two former rural development ministers, reported to be New Democracy’s.... “There was a central mechanism at OPEKEPE and at the (rural development) ministry directing them,” the opposition... that this penalty was for administrative failures is not convincing and called for the current Rural
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Resignations over EU subsidy scandal deliver new blow to PM, further tarnishing image
PoliticsGreek PoliticsHatsivassileiou, Deputy Rural Development Minister Dionyssis Stamenitis and Deputy Digital Governance Minister Christos Boukoros, as well as the Rural Development Ministry’s general secretary, Giorgos... that the former head of OPEKEPE, Grigoris Varras, twice informed Voridis when he was the rural
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Opposition takes aim at PM's inner circle over subsidy fraud as scandal halts ND rebound
PoliticsGreek Politicspayments, it has emerged that the instruction was overridden a few months later when a new rural... the high turnover at the top of the organisation and in the rural development ministry which oversees... appears in the EPPO file to have warned the then minister of rural development Makis Voridis
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ELTA CEO resignation fails to stem political fallout from post office closures
PoliticsGreek Politicsvoters have been complaining about rural abandonment. Rural voters say that this is the latest... sensitive time. Deputies from rural constituencies have been at the sharp end of complaints from voters over
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Farmers dig in as clashes and political tension escalate
PoliticsGreek Politics, exposing the fragility of Prime Minister Kyriakos Mitsotakis’s rural compact and fuelling opposition... to 363 million euros, down from 476 million last year. The Ministry of Rural Development and Food... with rural realities. Farmers represent a powerful social group, and their mobilisation threatens
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