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Greek banks' equity raising could keep official support to a minimum
Economytheir capital base by around 9.7 billion in total from private investors, of which 3.5 billion relates.... Eurobank The bank announced on October 29 a voluntary exchange offer for a total of 877 million... Fund (HFSF), while three private investors control a total stake of 34.5 percent. In particular
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Deposit flow turns negative with outflows of 681 mln in Oct
EconomyMacroeconomy). Since December 2014, when the country entered into a period of political instability, total... (7.63 billion) and June (7.58 billion). Total deposits - which also incorporate general government... at the end of October. On top of private sector, the total deposit negative flow incorporates gg
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General gov't primary cash surplus widens notably to 4.84 bln by October
EconomyMacroeconomymillion. The outstanding stock currently stands at 2.73 billion, making up 46.6 percent of total arrears. Hospitals’ arrears amount to 1.19 billion euros and accounting for 20.3 percent of total. They have..., with marginal change in the course of the year. They correspond to 12.9 percent of total arrears. State
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Greek tourism's long-term growth prospects are good, report shows
EconomyMacroeconomypercent of GDP. The report shows that the total contribution of travel and tourism to GDP, including... was ranked 26th in terms of direct tourism revenues and 29th in terms of total contribution worldwide..., with Greece ranking 102nd and 110th for the direct and total contribution respectively. The money spent
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General gov't primary cash surplus widens to 3.2 bln in March, arrears jump to 6.7 bln
EconomyMacroeconomyat the high end at 2.88 billion (+111 million year to date), making up 43 percent of total arrears. Hospitals follow at 1.15 billion, up 215 million in Q1, corresponding to 17 percent of total arrears... of outstanding debt shows EFSF/ESM/IMF loans stood at 219 billion making up 68.2 percent of total debt
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General government primary cash surplus grows to 4 bln by end-July, arrears fall to 6.9 bln
EconomyMacroeconomy, with the absolute figure reaching 3.03 billion in July. It made up 44 percent of total arrears. Hospital... of total) in July. State budget arrears grew by 226 million to 677 million by July, while tax refunds’ arrears of 1.36 billion remain the second major contributor to the total figure with their stock up
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Central government debt drops to 323.7 bln in Q3 on bond repayments
EconomyMacroeconomyof FSM loans in Q3 involve EU financial aid of 212.7 billion in total, of which 52.9 billion relate..., accounting for 17.5 percent of total debt. Of this amount, 38.8 billion are held by private investors and 18... flat for yet another quarter at 14.87 billion, making up 4.6 percent of total debt. Moreover, repos
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Q3 GDP rebounds 0.8 pct QoQ and 1.8 pct YoY, above flash estimates
EconomyMacroeconomy, while general consumption fell by 1.2 percent, leading total consumption up by 0.5 percent. Private consumption retains the lion’s share of GDP, making up 69 percent of the total figure. The Finance... in Q3 after a higher increase of 6.4 percent in Q2. Compared to last year, total exports posted a growth
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Report shows Greek tax burden increased in 2015, remaining above OECD average
EconomyMacroeconomycountries. The report also displayed the contribution of various taxes to total taxation varies... 43.4 percent of the total figure in Greece, well above the OECD average of 32.6 percent. Social security contributions to total taxes of 28.7 percent in Greece are also higher than the average
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General government primary cash surplus to Oct rises to 6.1 bln, arrears slip to 6.3 bln
EconomyMacroeconomybillion holds the lion’s share making up 51.7 percent of total expenditure followed by compensation of 13 billion accounting for almost 21 percent of the total figure. Arrears Arrears to the private... on October 21, total arrears have grown by 323 million in the 10-month period. The biggest increases
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