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Eurosystem funding drops by another 2.8 bln to 101.4 bln in March
EconomyMacroeconomyfunding also fell for the third month in a row by almost 1 billion to 35.25 billion euros, with the bulk... slipped by 1 billion to 36.75 billion. Since July, Eurosystem funding has been slashed by 25.13
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EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
Economystem from the pension reform (1 percent), personal income tax reform (1 percent) and changes in the VAT
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Negotiations between Greece and lenders: state of play ahead of Eurogroup meeting
EconomyProgrammereforms each yielding 1 percent of GDP. The key pending issue relates to the tax-free threshold..., the government has not yet officially detailed the third pillar of measures worth 1 percent of GDP, which
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Outline of fiscal mechanism for automatic cuts emerges after Eurogroup
EconomyProgrammewill be effective from June 1. If there is a divergence from the target between 0.26 and 0.75 percent... will be 1 percent of GDP. For a shortfall of 1.26 to 1.75 percent, the measures will have to reach
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Drop in building activity slows to 12.2 pct in February
EconomyMacroeconomyalso fell by 16.6 percent, while the respective volume edged up by 1 percent in February. In absolute.... The institutions’ forecasts point to a further decline by 5 percent in 2016 and 1 percent in 2017
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With review completion in sight, which way next for Greece?
Agoralifting for the time being. The 1 percent of GDP in further fiscal measures (mostly rises... will have to be activated, and to achieve a much bigger corrective adjustment (say 0.5 to 1 percent
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Access to finance remains far bigger problem for Greek SMEs compared to euro area peers
EconomyMacroeconomythe lowest and well below the euro area average of 17 percent. On a scale of 1 – 10, Greek SMEs... countries reported declines in their debt to assets ratio, SMEs in Greece signalled an increase of 1
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Corporate lending rates resume upward trend in April, time deposit rate stable
EconomyMacroeconomyGreek households’ new time deposit rate slipped by 1 basis point (bp) to 0.87 percent in April from 0.88 percent in March, Bank of Greece (BoG) data showed on Friday. The headline figure indicates... to 250,000 euros rose by 25 bps to 5.87 percent, for amounts between 250,000 and 1 million euros by 19
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Stocks plunge 8.8 pct over week in aftermath of UK referendum outcome
Economysession and closed at 534.78, its lowest level since March 1 reversing a strong rebound in the preceding..., namely Grivalia Properties (+2.8 percent) and Jumbo (+1 percent). In contrast, the biggest weekly
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Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May
EconomyMacroeconomybetter than target. According to the breakdown, salaries and pensions fell 1 percent in May and 2.6... are proportionally in line with the annual target, while the recorded underspend is mainly attributed to: 1
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