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Greece sees lower primary surplus at 0.3 pct for 2014, fiscal challenges remain
EconomyProgramme. This is substantially lower than the EAP target of 1.5 percent, while both the previous... by the Eurostat for the calculation of the fiscal balance according to the excessive deficit procedure (EDP... better than target. In addition, the general government (gg) cash primary surplus reached 2.18
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Greek deposits fell by 7.7 bln in Feb and total of 24.6 bln since Dec
EconomyMacroeconomyof 12.79 billion in January, according to the Bank of Greece (BoG). The outstanding balance fell to 140.47... broadly stable recording outflows of just 89 million in the December-February period. More than two thirds... billion euros to 71.1 billion from 69.8 billion previously. This is higher than the previously weekly
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Market value of HFSF's bank holdings plummets by 11 bln in 2014
EconomyBankingmarket value fell further in the course of 2015. By the end of April, it had dropped by more than one-third to around 7.5 billion, corresponding to a drop by more than 4 billion compared to the end-2014... in December 2012, ahead of their recapitalization in 2013. The third key post balance sheet event
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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomythat Greek banks’ dependency on ELA has further increased by more than 2 billion to 76.5 billion.... The sharp increase ELA funding, from zero until December 2014 to more than 76 billion currently... in circulation rose for the fifth successive month by 2.42 billion in April bringing the outstanding balance
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Newsletter 32 - 26/06/2015
) balance of 1.11 billion euros, which made up for the revenue shortfall of 978 million. May's surplus... that the lenders would back down at the last minute, giving Tsipras a deal that would be better than... the institutions (led by the International Monetary Fund) rejected more than half of nearly 8 billion
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What capital controls will mean for Greek banks, customers and the economy
Economyeuros per card, which is much lower than the 300-euro daily cap set in Cyprus two years ago. Press... than that imposed before the legislative decree. These transactions should relate to payments... that was shown as a balance before the start of the bank holiday. · Remote transaction via web, phone
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S&P affirms Greek ratings at 'CCC+/C' with stable outlook
Economyis crucial to shift the primary balance back into surplus by next year. S&P retains its economic forecasts... thinks the risk of Greece leaving the eurozone has receded to less than 33 percent. In addition... the likelihood of default to be reduced to less than 50 percent, which hinges on an improvement
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Election result in doubt but ultimate outcome appears clearer
PoliticsGreek Politics, the balance seems to be slightly in SYRIZA's favour. Bloomberg's latest poll of polls, which had... SYRIZA or New Democracy, flanked by PASOK and Potami. The winner is not seen getting much more than... the bailout. It is likely that in this case someone other than Tsipras or Meimarakis would become prime
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IMF aligns Greek projections with EU, revises down GDP
Economyrecession estimate of 2.3 percent to be met, GDP needs to contract by more than 5 percent in the second... to the other eurozone countries, although lower than earlier in the year, still remain a concern, IMF.../A) balance to remain in positive territory above the 1-percent of GDP mark for the next two years
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Business indicators rise for second successive month in October
Economyin the 3-year period until Jun 2012, ESI considerably increased by more than 26 points until June 2014... of -83.8 in October 2011 and since then it markedly improved by more than 53 points to -30.6... to date balance remains clearly negative with deterioration of almost 33 points.
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