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  1. 2014 draft budget: An ambitious fiscal consolidation targeting a primary surplus of 1.6 pct

    EconomyMacroeconomy

    by March 2014. These revenues mainly relate to Bank of Greece estimated dividend (480 million), previous

    1%

  2. Revenues beat target for third straight month, put primary surplus in sight

    Economy

    drop of interest payments by 50.3 percent compared to last year (mainly reflecting last year’s PSI

    1%

  3. It remains a mystery
    Photo by Can Esenbel [www.mundanepleasure.com]

    Agora

    ’s private debt holders, mainly European financial institutions,” said Brazil’s IMF executive

    1%

  4. Greek banks less reliant on Eurosystem funding in September

    EconomyMacroeconomy

    billion since its peak in June 2012. The ongoing sharp drop is mainly attributed to higher interbank

    1%

  5. Industrial turnover and new orders indices rebound for second straight month
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    16.7 percent, mainly owed to a rise to non-eurozone countries by 19.8 percent, while turnover

    1%

  6. Direct taxes jump by 46 pct to help Sept. revenues beat target for third month in row

    Economy

    (mainly reflecting last year’s PSI), resulted in a higher cut of total expenditure by 17.2 percent yoy

    1%

  7. Greece goes deeper into deflation territory

    EconomyMacroeconomy

    understanding is that prices will continue to fall mainly due to a nosedive in consumption as a result

    1%

  8. Cash deficit to October widens to 9.1 billion euros

    EconomyMacroeconomy

    bottom-line stands circa 700 million better than MoF figures, mainly reflecting higher cash revenues.

    1%

  9. Industrial turnover index falls 8 pct in September, new orders also down

    EconomyMacroeconomy

    , mainly owed to a decline in the non-eurozone countries by 15.3 percent, while turnover

    1%

  10. Greek banks’ reliance on Eurosystem fell by 2.36 bln in October

    Economy

    drop is mainly attributed to higher interbank lending, lower funding needs on continued deleveraging

    1%