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Better income account helps squeeze Greek C/A deficit in January
EconomyMacroeconomyof the trade deficit by 105 million. The latter is attributable to the higher net oil import bill... to insurance services. Non-residents’ direct investment in Greece showed a net outflow of 44 million in January against a net inflow of 556 million in January 2013. Greece’s C/A deficit stood at just
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Greek deposits edge up for second month in April, reach 161.3 bln
EconomyMacroeconomyreaching 161.3 billion euros, according to the Bank of Greece (BoG). The net flow remained positive... in the past two months, the year to date net flow remains negative with outflows at 1.93 billion largely.... On top of private sector inflows, April net flow also reflects slight general government outflows of 90
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How Greek banks moved into a new era
Agorapressure on net interest income (NII), ongoing deleveraging, deposit re-pricing, further cost... to be maintained for the remaining of the year. Excluding National, which showed Q1 net profit of 181 million, the other three banks posted net losses ranging from 94.1 million for Alpha to 246 million
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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomyand the limited deposit flow, this higher spread does not have any material impact on banks’ net interest income.... This sector is the only showing a marginal growth (at 0.8 percent in April) yet the net flow is extremely limited with net deductions at just 40 million euros in the first four months of the year. After
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Greek primary cash surplus widens to 3.2 bln in 7-month
EconomyMacroeconomythe highest monthly decline so far in 2014. Following July performance, the net increase of arrears... from a net decrease in the long-terms bonds by 6.7 billion more than offset by a net increase of 2.4
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Greek public debt at 321.7 bln in Q3, average weighted maturity at 16.5 years
Economy. The quarterly evolution reflects net decreases in long-term bonds issued domestically (by 1.43 billion) and T-Bills (by 1.65 billion) more than offsetting net increases in repos (by 2.36 billion) and Financial... by the end of Q3 2014, the IMF net financing has been reduced accordingly to 25 billion and FSM
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Our most popular stories in 2014
Agorathe state. Also, until now, there has been no safety net for the self-employed, who make up about 25... net available to Greeks in difficulty is provided by family. The IME-GSEVEE survey suggests... fellow citizens. The safety net that has been unfurled by family members, volunteers and charities
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Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
EconomyMacroeconomya net increase in repos (by 3.09 billion) and T-Bills (1.21 billion) partly partially offset by a net decrease in Financial Support Mechanism (FSM) loans (by 2.2 million). The rise in T-Bills stems... net financing has been reduced accordingly to 22.8 billion and FSM outstanding financial aid
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Newsletter 20 - 20/03/2015
that will meet with the Eurogroup’s approval is certain to prove a huge challenge over the next few days. Net... by three of Greece’s four systemic banks show that they posted net losses for the quarter as well... a quarter-on-quarter (QoQ) improvement in net interest income (NII), mainly driven by a further drop
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ECB's negative opinion on foreclosure bill creates another obstacle in bailout talks
EconomyProgrammenet for vulnerable home owners as a permanent solution. In addition, the ECB suggests that the Greek.... For tackling the humanitarian crisis, the ECB would favour the development of a social safety net..., this safety net could also involve prohibition of auctions targeted at vulnerable households
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