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  1. EU subsidies help push Q1 primary budget surplus to 1.57 bln, well above target

    Economy

    refunds so far in 2014 exceed their target by 356 million. As a result, net revenues to March slipped

    4%

  2. Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010

    EconomyMacroeconomy

    burdened Greek banks’ net interest income (NII) in the second half of 2012, when the bulk

    4%

  3. European Commission review of Greek programme: The key points

    EconomyProgramme

    parts of the general government, without specifying any amount. Greece’s net financing needs

    4%

  4. Slight rise in deposits for March but outflows at 2.2 bln for 2014

    EconomyMacroeconomy

    Greek private sector deposits rose 0.3 percent month on month (MoM) in March, with balances reaching 161.05 billion euros, according to the Bank of Greece (BoG). Net flow turned positive for the first time since December with inflows amounting to 501 million in March from outflows of 318 million

    4%

  5. Greek primary surplus at 1.5 bln in Q1, aided by PIB and social underspend

    Economy

    exceeded their target by 356 million. The 3-month net revenues marginally retreated by 0.4 percent

    4%

  6. Manufacturing PMI rises again, reaching 51.1 in April

    EconomyMacroeconomy

    pace, despite a further decline in new export business. Although the net increase in staff was only

    4%

  7. PASOK stakes coalition survival on voters’ fear of uncertainty
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    a safety net for PASOK by arguing that the results of the local elections (on May 18 and 25) should

    4%

  8. Central gov't cash deficit shrinks to 1.27 bln in April

    EconomyMacroeconomy

    Greece’s central government net balance to April on a cash basis showed the deficit shrinking to 1.27 billion euros, 4 billion lower than a year earlier, according to the Bank of Greece (BoG). The 4-month primary cash balance turned positive at 1.33 billion from deficit of 2.81 billion

    4%

  9. In the absence of light, darkness grows
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    austerity while ignoring the social safety net, engaging in relentless artificial political

    4%

  10. IMF report sees a number of risks lying ahead for Greece

    EconomyProgramme

    provisions over NPLs) stood at 49 percent, while NPLs net of provisions exceeded the bank’s capital (138

    4%